Egypt shares rally on reports that military will transfer power
Cairo - Arabstoday
Egypt's shares rallied the most in almost two weeks as local newspapers reported the ruling military council agreed on a timetable to transfer power. Orascom Construction Industries, the country's biggest publicly traded builder, rose 1.6 per cent. Cairo Poultry Co soared to the highest intraday level in almost a week after EFG-Hermes Holding SAE raised the company to "buy." The benchmark EGX30 Index gained 1.8 per cent, the most since September 20, to 4,213.52 in Cairo. The gauge lost 23 per cent in the third quarter.
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