EGPT soars 11.6% following the Presidential victory for the Muslim Brotherhood's Mohamed Morsi....

|By:, SA News Editor
EGPT soars 11.6% following the Presidential victory for the Muslim Brotherhood's Mohamed Morsi. The military continues to run the country, writes ICAP's Ken Polcari, as the Presidency is largely a figurehead position. Morsi is no friend to the U.S. or Israel, but it seems having a clear victor in what has been a protracted mess is good enough for shares today.