The Egyptian stock market has rallied in recent days amid growing optimism about the prospects for political stability. The recently approved constitution paves the way for elections to take place later this year. And investor sentiment also appears to have been buoyed by reports that Field Marshal al-Sisi, the leader of July’s “second revolution”, will run for the presidency. Elsewhere, equities have come through the latest bout of EM market turmoil relatively unscathed.
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