Egyptian stocks close higher

Egyptian shares closed higher yesterday to sustain a modest rally, seemingly unaffected by continuing volatility in markets around the world, brokers said.

The 49-share weighted Hermes index gained 10,044 points, or 0.75 percent, to close at 13,482.37.

The 47-share "General Prime IPO" rose 22.9 points, or 0.58 percent, to end at 3.9711.

Of 89 shares traded, 57 rose, 22 fell and 10 ended unchanged. Volume was a provisional 800,000 shares against a final 983,293 traded on Wednesday, Al Wafd daily said today.