Stocks respond positively to Egyptian referendum
Egypt's stock market registered significant gains on Sunday morning, with the main EGX30 index gaining a vigorous 1.3 per cent to stand at 5,231 points as the first phase of the voting for the constitutional referendum ended.
Thousands of Egyptians have queued in front of the polling stations in 10 governorates to say their word in the drafted constitution.
The unofficial result has showed that around 56 per cent of votes wen to “yes” while 44 per cent have marked “no”.
The broader-based EGX70 also rose by 1.7 per cent. Out of more than135 shares traded so far on Sunday, roughly 100 shares gained value.
- Oman’s Duqm tourist complex moves forward with government approval
- Kuwait fights budget deficit: Reexamining government salaries, expatriate labor
- Tunisian Confederation of Industry, Trade, and Handicrafts fights nationwide unemployment levels
- Construction costs fall in Dubai
- Western tourists flock to Iran, could generate $30B in new revenue