Nevertheless, Egypt’s economy is still on the mend and the government is struggling to get its finances in order.
“I don’t think we will have a long rise in the market,” Iskander cautioned. “It will go up for few weeks over that feeling of optimism, but could go down later when companies start releasing their annual earnings, which given the current political situation are not expected to be good.”
Van Eck’s Market Vectors Egypt Index ETF
For more information on Egypt, visit our Egypt category.
Max Chen contributed to this article.