Monday, July 16, 2007

Egypt's shares inch up, OCI down after N.Korea deal

(Reuters) - Egypt's main stock indexes rose a sliver on Monday, with profit-taking on several blue-chip stocks cancelling out gains in the housing sector led by Egyptian Resorts, traders said.

Shares in Egyptian resorts rose 6 percent to close at 9.65 Egyptian pounds a share on what was likely market speculation by retail buyers, said Angus Blair of Belltone Financial.


Read more at Reuters Africa

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