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Egyptian shares rallied the most in more than four months after the Muslim Brotherhood’s Mohamed Mursi was declared the country’s first freely elected president.
The benchmark EGX 30 Index climbed 3.9 percent, the biggest intraday advance since Feb. 13, to 4,330.49 at 10:38 a.m. in Cairo. Commercial International Bank SAE, the country’s biggest publicly traded lender, gained 6.3 percent, poised for the biggest daily increase since January, to 23.68 Egyptian pounds.
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