Driven by a non-Arab selling mood, Egypt's main index shed 0.33 per cent, traders said. Non-Arab investors made net sell-offs worth 40.7 million ($7 million), they added. The North African country's benchmark index EGX 30 shed 0.33 per cent to 6,682.61 points. The EGX 70, which measures 70 of the country's small and mid caps, added 0.44 per cent to 733.89 points. Volume hit LE809 million ($140.2 million), according to the Egyptian Exchange. Orascom Telecom, the largest Arab mobile operator by subscribers, slipped by 0.71 per cent to LE4.17 per share. Commercial International Bank (CIB) added 0.34 per cent to LE41.65 per share. Talaat Moustafa, the country's biggest developer, gained 0.5 per cent to LE8.06 per share. Globally, signs of robust economic growth in China helped lift world stocks while the euro halted its recent slide with investors looking for the next move by policymakers to tackle the eurozone's debt crisis, according to Reuters. Better-than-expected Chinese factory data in November, with the official Chinese purchasing managers' index (PMI) rising to a seven-month high of 55.2, showed health in one of the world's largest economic engine, lifting sentiment. European shares rose nearly one per cent and Japan was half a per cent higher. But serious concerns remained about the pressure on eurozone debt and the methods by which it might be eased. On European bond markets themselves, demand for German debt fell ahead of a five-year bond sale, although yield spreads with peripherals such as Spain were slightly tighter. The euro bounced back from recent lows to stand above $1.30, up around three quarters of a per cent. MSCI's all-country world stocks index was up 0.6 per cent and its emerging market counterpart gained a solid 1.3 per cent. Japan's Nikkei average edged up 0.5 per cent after falling nearly two per cent the previous day.
