Egyptian stocks and bonds rallied after the government said it’s negotiating with the International Monetary Fund for a loan to help revive its battered economy.
The EGX 30 Index advanced 4.7 percent to 7,894.03 at 11:08 a.m. in Cairo, the biggest gain among more than 90 gauges tracked by Bloomberg globally.
Commercial International Bank Egypt was the largest contributor to the jump, climbing 6.8 percent, the most on a closing basis since March. The nation’s dollar debt due 2025 rose, Bloomberg reported on Wednesday.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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