Egyptian Stocks Soar as Investors Take Note of Economic Renewal

Egypt’s benchmark stock index is soaring ahead of developing-nation peers, buoyed by growing investor interest in a market that’s seen benefiting from government measures to revive the economy.

The EGX30 index is up 27% in dollar terms this year, more than double the gain of the MSCI EM equity index and far outpacing the developed-market gauge.