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Egypt stocks pare gains after early rally
Reuters Published in The Egyptian Gazette on 28 - 03 - 2011

CAIRO - Egypt's benchmark index .EGX30 edged back on Monday after having surged by 7.6 per cent in early trade.
The index as of 1000 GMT was trading 1 percent higher than at Sunday's close. The stock exchange had suspended trade for half an hour on Monday, the fourth day of trade following a seven-week closure caused by political unrest, after the broad index .EGX100 jumped 5 per cent soon after the market opened.
Commercial International Bank (CIB) (COMI.CA), Telecom Egypt (ETEL.CA) and Talaat Moustafa (TMGH.CA), which had all leapt by the maximum 10 per cent soon after the market opened, retreated into negative territory.
CIB was trading down by 4.5 per cent, Telecom Egypt by 0.6 per cent and Talaat Moustafa by 1 per cent. The benchmark index was at 5,261 points.

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