Mauritius' Lux shares up

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Mauritius

REUTERS

A lone fisherman manoeuvres his small boat along the East coast of Mauritius near Ile aux Cerfs which has one of the most picturesque and spectacular beaches on the Indian Ocean island.

Shares in Mauritius' Lux Island Resorts jump 3.5 percent to 23.50 rupees after the euro strengthened against dollar, traders say.

Europe is the main tourist source market for the Indian Ocean island economy. A firmer euro against the dollar translates to a weaker rupee and higher earnings for tour operators.

“The strengthening of the euro against the dollar on the international market has brought more confidence among investors,” says Kishen Nadassen, senior research analyst at Cim Stockbrokers. - Reuters

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