Egypt's bourse bounced from a nine-day low on Thursday, as foreign investors' buying interest continued to support stocks despite political instability and economic worries. Gulf markets were mixed amid a lack of positive catalysts.
Cairo's benchmark index rose 2.2 percent and closed very near its intra-day high, extending its 2012 gains to 49.6 percent.
Shares in Telecom Egypt climbed 3.1 percent, after the Egyptian regulator said it would grant the landline monopoly a licence by mid-2013 to provide mobile services.
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