Egyptian Stocks Open Higher On Election News

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Peaceful voting in Egypt has given the country's stock market a boost. Cairo's market was closed on Monday when the landmark elections started. When trading opened Tuesday, the benchmark stock index surged more than 5 percent.


NPR's business news starts with relief in Egypt's stock market. Peaceful voting in Egypt gave the country's stock market a boost. Cairo's market was closed yesterday when the landmark elections started there, and when trading opened today, the benchmark stock index surged more than five percent.


As one Egyptian broker told the Associated Press, there were expectations of violence, thugs and other troublemakers, but that has not happened.

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