Egypt's bourse rose on Wednesday as financial stocks rallied after the central bank cut its reserve requirement on local currency deposits, while fresh buying helped lift most Gulf bourses.
The Egyptian central bank said on Tuesday the requirement would be lowered to 12 percent from 14 percent.
Commercial International Bank, Egypt's biggest private bank by assets, jumped 3 percent and investment bank
EFG-Hermes rose 1.8 percent.
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