Egypt's stocks rally as regional markets stabilise

Egypt's market closed a turbulent week on a high note as regional markets stabilise.
The benchmark EGX30 index recorded 8,399 points after rising 3.39 percent with daily stock turnover reaching LE688.5 million.

Regional and Gulf markets are stabilising following a downfall this week on the back of a decision by OPEC not to cut production, despite increasing supply and falling demand, leading oil prices to drop.

The Saudi TASI climbed 8.9 percent, the Dubai DFM gained 13 percent, and Kuwait's index was up 1.9 percent.