After tumbling more than 50% in 2011 amid political tension in the aftermath of its revolution, Egypt's stock market has rallied back this year.
The market has gained substantial steam in recent weeks, following a win by the Muslim Brotherhood's Mohamed Mursi in the country's first free presidential election.
Egypt's benchmark index, the EGX 30, is up 33% from the start of the year.
"The smoke is starting to clear to some degree in Egypt," said Paul Weisbruch, head of ETF/options sales and trading at Street One Financial. "Political tension is no longer in the daily headlines, so investors feel better about investing there."
A mixture of accounting moves and rosy assumptions appears to harpooned JPMorgan's huge trading loss.
