From Ahram Online

Egypt’s stocks continued their rally on March 5th as news developments positively impacted investors, led by probability of Field Marshal Abdel-Fattah El-Sisi running for the presidency and the increase of the country’s foreign reserves for the second consecutive month.

The Central Bank of Egypt announced that net international reserves rose to $17.3 billion at the end of February.

The main EGX30 index rose 1.1 percent recording 8,025 points in a session that saw Egyptians net sellers of some LE32 million ($4.6 million).

Arab and non-Arab investors, who represented around 20 percent of the market Wednesday, were net buyers of LE25 million ($3.5 million) and LE7.8 million ($1.1 million) respectively.

The broader EGX70 index also inched up 0.6 percent.

Most listed shares gained, led by the heavyweight stock Commercial International Bank (CIB) that rose 1.4 percent closing at LE36.8 ($5.2) per share.

Read more at Ahram Online