Egypt's bourse rose on Tuesday for a seventh day as property shares rose on a possible easing of payments, while bargain hunters lifted UAE markets and Kuwait's Jazeera Airways (JAZK.KW) hit a year high. Egyptian newspapers said on Sunday that the housing ministry would allow clients dealing with its New Urban Communities Authority to defer payment of loans and interest until mid-year.
"I think this would be a very good step, we needed this two months ago," said Hashem Ghoneim of Pyramids Capital.
Egypt's three biggest listed developers led gainers on the index .EGX30, which rose 1.5 percent. Talaat Moustafa Group (TMGH.CA) jumped 9.8 percent, SODIC (OCDI.CA) 10 percent, and Palm Hills Developments (PHDC.CA) 9.8 percent.
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