Egypt's measure on Monday recovered some of the previous session's heavy losses as President Mohamed Mursi met with senior judges to defuse a crisis over newly-seized powers, while Gulf markets steadied in
cautious trading.
Cairo's index rose 2.6 percent. On Sunday, it plunged 9.6 percent to a four-month low in the first trading
session after Mursi's decree that temporarily widened his powers and shielded his decisions from judicial review. The news sparked a political crisis and violent protests.
Egypt's Justice Minister Ahmed Mekky said he believed that Mursi would agree with the country's highest judicial authority on its proposal that would limit the scope of the presidential decree.
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