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Egypt stocks up 1.4 per cent early Thursday

Bourse making second day of gains, beginning to claw back losses prompted by crackdown on Cairo protesters.
24.11.11

Egypt's major stocks are entering their second day of gains, the benchmark EGX30 up 1.43 per cent an hour into the week's final trading session.

Wednesday's gain of 1.1 per cent was the Bourse's first in 10 days.

The crackdown on protesters by security forces in central Cairo that began on Saturday caused the market lose upwards of 2.5 per cent for three days, prompting freezes on dozens of stocks and leading to an hour-long stoppage of trade on Tuesday.

Turnover today is LE89.96 million, a chunk of it attributed to a block sale in stocks of the Eastern Company, a tobacco producer.

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