(Reuters) - Major Egyptian shares rose on Thursday, lifted by a rebound in global equities and the heavy-weighted Orascom Telecom as the market digested news it was buying a majority stake in a Pakistani mobile operator, traders said.
"Pakistan has a huge potential and now OT being a majority shareholder will move the company forward in the direction it wants and get more profit. It's positive news," said Yasser Hassanein of Dynamic Securities, adding the market didn't initially react to the news.
Read more at Reuters Africa
"Pakistan has a huge potential and now OT being a majority shareholder will move the company forward in the direction it wants and get more profit. It's positive news," said Yasser Hassanein of Dynamic Securities, adding the market didn't initially react to the news.
Read more at Reuters Africa
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