CAIRO: Egypt s main index jumped more than 3 percent in low volumes as market participants bet on recovery in the United States aiding growth in Egypt s real economy and stock market.
Heavyweight Orascom Construction gained 5.6 percent and Ezz Steel surged 8 percent.
This is expected after strong news about the end of recession in the US, said Ashraf Akhnoukh from CIBC brokerage. The Egyptian market is the first in the region to benefit.
US stocks ended Friday trade at 2009 highs.
Orascom Telecom added 3.6 percent despite going ex-dividend. The firm is due to post its second quarter results after the close of trade on Tuesday.
Egypt Kuwait Holdings gained 2.8 percent. -Reuters
