Friday May 29, 2020

Egyptian shares sore as interim president sworn in

Egypt’s benchmark stock index surged the most in more than a year and the nation’s bonds climbed after the army deposed President Mohamed Mursi in a move it said aimed to restore stability.

4th July, 2013
Crowds celebrate in Cairo.

Egypt’s benchmark stock index surged the most in more than a year and the nation’s bonds climbed after the army deposed President Mohamed Mursi in a move it said aimed to restore stability.

The benchmark EGX 30 Index of stocks rallied 6.4 per cent, the most since June 2012, at the open in Cairo as all stocks advanced. Trading was halted for 30 minutes after the EGX 100 Index advanced by...

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