Egyptian shares extended a week-long rally on Tuesday as investors kept an eye on negotiations for a $4.8 billion IMF loan the government hopes to wrap up by the end of the week, while Gulf bourses ended mixed.
Egypt's finance minister said on Monday he expected an agreement to be signed by Wednesday. An IMF negotiating team is scheduled to leave Cairo on Thursday.
The benchmark index gained 0.8 percent to its highest close in November. It has risen more than 4 percent
since Nov. 4 on hopes for an imminent agreement with the International Monetary Fund that could trigger a flow of investment into Egypt.
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