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Article: Western fund managers tip Egypt's stock market.
- Article from:
- MEED Middle East Economic Digest
- Article date:
- August 15, 1997
CopyrightCOPYRIGHT 1997 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Egypt's stock market looks set to be one of the most promising in the Middle East for the rest of this year, Western fund managers say. Views on Turkish equities are mixed, while some are looking with new interest at Tunisia. The main spur to market growth in most places will be a mixture of privatisation offerings, more liberal investment rules and improvements to the infrastructure of stock exchanges.
The Egyptian stock market has weakened since the end of a bull run in February and most fund managers expect it to stay in the doldrums till the end of the summer. "I think Egypt will pick back up after September when privatisations resume and more private companies ...