Foreign Buying Gives Way to Domestic Buying as (EGX) Ends Week Higher

The Egyptian Exchange (EGX) ended the trading week on a firmer footing on Thursday, recovering part of the previous session’s losses as Egyptian and Arab investors returned to buying, while the Central Bank of Egypt’s decision to leave interest rates unchanged provided a supportive macroeconomic backdrop. The rebound indicated that Wednesday’s decline reflected a period [...] The post Foreign Buying Gives Way to Domestic Buying as (EGX) Ends Week Higher appeared first on The Middle East Observer .