EGX30 Rallies Following CIB Results as Foreign Equity Buying Contrasts with Debt Outflows

Egyptian blue-chip shares advanced strongly on Tuesday, 21 July, as first-half earnings from Commercial International Bank (CIB) provided a fresh catalyst for the market, helping the benchmark index rise for a second consecutive session. Gains among smaller companies were more limited, while non-Arab foreign investors returned as modest buyers of equities even as they continued [...] The post EGX30 Rallies Following CIB Results as Foreign Equity Buying Contrasts with Debt Outflows appeared first on The Middle East Observer .