Summary Box: Egypt stocks rise after anniversary

AP News
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Posted: Jan 26, 2012 11:32 AM
Summary Box: Egypt stocks rise after anniversary

LOOKING UP: Egypt's stock market posted its strongest gains in about 10 months, with the benchmark index up over 7 percent on Thursday after the one-year anniversary of the uprising that ousted former President Hosni Mubarak passed peacefully.

MOMENTUM BUILDING: The gains built on a solid week of advances by the index as the country's newly elected parliament met for the first time on Jan. 23.

THEY'RE BACK: Traders said that foreign investors, who had been unloading their positions for much of last year, stepped aggressively back into the market.