Saturday, January 28, 2012

Summary Box: Egypt stocks rise after anniversary (AP)

LOOKING UP: Egypt's stock market posted its strongest gains in about 10 months, with the benchmark index up over 7 percent on Thursday after the one-year anniversary of the uprising that ousted former President Hosni Mubarak passed peacefully.

MOMENTUM BUILDING: The gains built on a solid week of advances by the index as the country's newly elected parliament met for the first time on Jan. 23.

THEY'RE BACK: Traders said that foreign investors, who had been unloading their positions for much of last year, stepped aggressively back into the market.

Source: http://us.rd.yahoo.com/dailynews/rss/africa/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_bi_ge/ml_egypt_economy_summary_box

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