Egypt Stocks Surge Further into Green Mid-Tuesday

Egyptian stocks are staging a strong revival after several days in the doldrums, fuelled by a spending spree from local and international institutions. The benchmark EGX30 is trading up 2.04 per cent at 5,950 points around 90 minutes before the end of Tuesday trade, led by surging stock values for Glaxo Smith Kline and Cairo Development and Investment.

Commercial International Bank and real estate giant Talaat Moustafa Group are seeing the heaviest trade. The broader-based EGX70 is performing nearly as well, up 1.92 per cent. Egypt's main index edged up 0.27 per cent on Monday, its first gains after two sessions of losses.Egyptian stocks are staging a strong revival after several days in the doldrums, fuelled by a spending spree from local and international institutions. The benchmark EGX30 is trading up 2.04 per cent at 5,950 points around 90 minutes before the end of Tuesday trade, led by surging stock values for Glaxo Smith Kline and Cairo Development and Investment.

Commercial International Bank and real estate giant Talaat Moustafa Group are seeing the heaviest trade. The broader-based EGX70 is performing nearly as well, up 1.92 per cent. Egypt's main index edged up 0.27 per cent on Monday, its first gains after two sessions of losses.Egyptian stocks are staging a strong revival after several days in the doldrums, fuelled by a spending spree from local and international institutions. The benchmark EGX30 is trading up 2.04 per cent at 5,950 points around 90 minutes before the end of Tuesday trade, led by surging stock values for Glaxo Smith Kline and Cairo Development and Investment.

Commercial International Bank and real estate giant Talaat Moustafa Group are seeing the heaviest trade. The broader-based EGX70 is performing nearly as well, up 1.92 per cent. Egypt's main index edged up 0.27 per cent on Monday, its first gains after two sessions of losses.Egyptian stocks are staging a strong revival after several days in the doldrums, fuelled by a spending spree from local and international institutions.

The benchmark EGX30 is trading up 2.04 per cent at 5,950 points around 90 minutes before the end of Tuesday trade, led by surging stock values for Glaxo Smith Kline and Cairo Development and Investment. Commercial International Bank and real estate giant Talaat Moustafa Group are seeing the heaviest trade. The broader-based EGX70 is performing nearly as well, up 1.92 per cent. Egypt's main index edged up 0.27 per cent on Monday, its first gains after two sessions of losses.