VOL. XLIII

No. 32

7-August-2000

EGYPT/MOROCCO

But Announcement Provides No Energy To Depressed Stock Markets

The MSCI announcement had little effect on the Cairo and Casablanca stock exchanges, with Cairo shares climbing for a day before trailing off again and the Casablanca bourse unable to break out of its market rut. "Basically, this news may disguise the problem for a little while," Tariq Lutfi, head of institutional sales at Cairo-based Fleming CIIC, told MEES. "But I dont see an improvement...