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The head of the exchange, Mohammed Omran, told the agency the stock market surged thanks to public acceptance of the election results, not because of the ideology or background of the president-elect. "The next phase requires everyone to support the president-elect in forming a new government as soon as possible and in paying attention to the economy in particular," he said. Egypt has asked the International Monetary Fund for a $3.2 billion aid package, the disbursement of which hinges on political consensus in Cairo. It also considers a comprehensive economic recovery plan a prerequisite for the aid.
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