Egypt's Orascom Telecom jumped 9.9 percent at the opening on Thursday, extending the previous day's gains when an Algerian finance ministry source said the government would pay $6.5 billion for a majority stake in its Djezzy unit.
The increase prompted the stock market to suspend trade on OT shares.
Resolution of a long-running dispute over Djezzy would lift a cloud that has hung for years over OT, a heavyweight on Egypt's bourse, and could bring more funds flowing into the country's entire equity market.
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