Shares climb to reverse downward trend

Shares rose to reverse a week-long trend that had pushed the overall index to a five-month low.

The Capital Market Authority (CMA) all-shares index climbed 2.26 points to 345.69 in below average US dollars.

Brokers said they were expecting the whole market to go up in the summer, "News coming in reflects this rise. It’s probably been encouraged by government hints that it could privatize some utilities."

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