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Egypt stocks surge after uprising anniversary - ASHARQ AL-AWSAT English Archive
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CAIRO (AP)- Egypt’s benchmark stock index has surged nearly 5 percent, in its strongest one-day showing in months, with investors newly optimistic following the peaceful passing of the one-year anniversary of the uprising that ousted former President Hosni Mubarak.

The Egyptian Exchange’s EGX30 index spiked 4.96 percent, to 4,341 points by 11 a.m. local time on Thursday.

The gains built on a solid week of advances by the index as the country’s newly elected parliament met for the first time on Jan. 23.

Concerns had built that the anniversary of the Jan. 25 mass uprising that led to Mubarak’s ouster last year would descend into violence. But the rallies that took place on Wednesday were largely peaceful and drew tens of thousands to downtown Cairo

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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