Egypt Investor Confidence Rises on Suez Canal Project; Says Beltone

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Beltone Financial said its Egypt Investor Confidence Index rose last week by 1.7% from 70.1 points to 71.3 points, after the government announced it is planning to pay dues to foreign oil firms , in addition to the upbeat sentiment towards Suez Canal development project.
The rise in investor confidence was driven mainly by the rate of credit swap contracts and ETFS.
According to Beltone, Investor Confidence Index rose 16.9 points, or 31.1% year-to-date. It fell 18 points, or 20.2% since the January 2011 uprising, but improved 28.6 points, or 66.8% since June 2013 uprising.