Monday, July 9, 2007

Blue chips boost Egyptian indexes to new highs

(Reuters) - Egyptian blue-chip shares climbed on Monday, driving two major indexes to record closing highs for a second consecutive day as investors moved back to market-leading shares, traders said.

"Speculators left the market and money was re-channelled in to companies like Orascom Construction Industries, Orascom Telecom and EFG Hermes," said Hossam Abdelrahman of Optima Securities.


Read more at Reuters Africa

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