Tuesday, July 24, 2007

Egyptian shares up, CIB rises again on merger talk

(Reuters) - Main Egyptian stock indexes rose on Tuesday, with shares in Commercial International Bank (CIB) climbing on continued market speculation it would buy Arab-African International Bank, traders said.

Shares in CIB, one of Egypt's top private banks, rose 3 percent to close at 72.99 pounds a share.


Read more at Reuters Africa

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