Egypt stock market jumps on news of IMF loan talks
Jul27

Egypt stock market jumps on news of IMF loan talks

Egypt’s stock market rose sharply early on Wednesday (July 27) in response to news that Cairo was near agreeing an International Monetary Fund lending programme. The main Egyptian equities index was 3.3 percent higher after five minutes of active trade. Blue-chip stocks favoured by foreign investors surged with Commercial International Bank, the largest listed lender, jumping 4.5 percent. Late on Tuesday, the government said it...

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