Egypt Stocks Rise as Rate Cut Trumps Political Unrest: Inside EM
Anti-government protests sparked deep losses early last week
The Cairo and Alexandria stock exchange (CASE) building stands in Cairo, Egypt.
Photographer: Adam Berry/Bloombeg
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Egyptian equities jumped the most since December 2016, as the market continued to recover from deep losses early last week in the wake of anti-government protests.
The EGX30 Index rose as much as 3.8%, before paring its gain to 3.3% at close in Cairo. It’s risen 8.7% in the past three trading days.