Egypt stocks rise as foreigners buy into blue chips

CAIRO: Egyptian stock indexes rose for a second day on Wednesday as foreign investors continued to buy up blue chip shares at attractive prices after a sharp drop in the market earlier in the week. The benchmark CASE 30 index, which on Monday fell to its lowest level in 45 months, was up 2.89 percent to 3,978.67 points on Wednesday. "Some (foreign) clients are looking to build some positions at these levels in these stocks," said Mohamed Radwan of Pharos Securities. Mohamed Tawfiq of Delta...