Egypt stocks make strong rebound

Egyptian stocks surged back into the green Wednesday as high-caps powered the index's first gain in three days in seeming response to yesterday's short-lived upswing in global shares.
After three hours of solid, optimistic trade, the benchmark EGX30 closed 4.10 per cent up at 4,661.7 points. Its swift climb followed declines of 4.75 per cent on Tuesday, and 4 and 2 per cent respectively on Sunday and Monday.

The broader EGX70 did even better, surging 4.83 per cent.