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Egypt's market climbs 3 pct at session opening
Arab markets appeared to stabilise Thursday following OPEC's decision not to cut production, which led to a fall in oil prices
Ahram Online Published in Ahram Online on 18 - 12 - 2014

Egypt's market gained more than three percent in the first hour of trading Thursday as regional markets stabilise.
The benchmark EGX30 index recorded 8,368 points at around 11.40am with daily stock turnover at LE267 million.
Regional and Gulf markets are stabilising following a turbulent week on the back of a decision by OPEC not to cut production, despite increasing supply and falling demand, leading oil prices to drop.
The Saudi TASI climbed 8.38 percent, the Dubai DFM gained 13.13 percent, and Kuwait's index was up 8.19 percent at 11.46am.
Institutions remain net sellers to the tune of LE10 million, but Egyptian and Arab individuals, representing three quarters of trade, are net buyers in today's session.
With the exception of GB Auto, which inched down 0.31 percent, all stocks were in the green.
Commercial International Bank (CIB) gained 2.65 percent to LE46.4 per share and EFG-Hermes increased 3.83 percent to LE15.4 per share at 11.40am.
The market's second biggest cap, Telecom Egypt, inched up 1.95 percent to LE11.5 per share.
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