Egyptian stocks rose for a second day on Thursday on expectations that a $3.2 billion IMF loan deal is close, while United Arab Emirates bourses ended lower on profit-taking after recent rallies, and other Gulf markets were mixed.
Cairo's main index gained 1.6 percent on its second day of gains following declines that pulled it down 7 percent.
Egypt is seeking a $3.2 billion emergency loan from the International Monetary Fund that could pave the way for loans from other donors. A delegation from the IMF is expected to visit Cairo next week.
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