Sunday, June 3, 2007

Key Egyptian stock index inches up to 16-month high

(Reuters) - The Case 30 index,, a benchmark for major firms listed in Egypt, hit a 16-month closing high on Sunday, powered by El-Sewedy Cables which raced to an all-time closing high on strong growth and outlook.

Shares in El-Sewedy Cables, one of the biggest cable manufacturers in the Middle East, rose 6.6 percent to last trade at 59.95 Egyptian pounds.


Read more at Reuters Africa

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