Egypt's index rebounded strongly on Wednesday after two sessions of declines as positive sentiment generated by government efforts to reassure investors over President Mohamed Mursi's plans for the economy buoyed sentiment.
But Gulf markets were muted amid low volumes as investors preferred to remain on the sidelines in anticipation of quarterly results and global economic worries.
In Egypt, the benchmark climbed 3.4 percent as remarks by ministers at a Cairo conference helped allay unease
generated by Mursi's weekend pledge to recover 1 billion Egyptian pounds ($164 million) from firms operating in Egypt.
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