Egypt's bourse climbed to a new seven-month high on Wednesday on optimism following upbeat government forecasts for the economy, while news of progress on Nahkeel's [NAKHD.UL] debt restructuring lifted Dubai stocks.
Egypt's announcement of an off-budget economic stimulus worth up to $3.4 billion and forecasts of accelerating growth have bolstered prospects for corporate earnings.
Stocks benefiting the most from renewed investor interest included Ezz Steel ESRS.CA, Commercial International Bank COMI.CA and Orascom Construction (OCIC.CA), which gained 2.2 percent, 2.3 percent and 0.4 percent respectively.
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