Egyptian Stocks Open Higher On Election News

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.

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STEVE INSKEEP, HOST:

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.

RENEE MONTAGNE, HOST:

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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