Egypt's bourse fell on Tuesday due to a weak outlook for economic policy, and all other Gulf markets also declined as investors booked profits ahead of the year-end.
Cairo's benchmark lost 1 percent, its second decline since last Thursday's four-week closing high.
The market had rallied for most of December because of bargain-hunting, much of it by foreign investors, according to stock exchange data, following a plunge triggered by the political crisis over Egypt's new constitution.
But investors remain concerned that politics is preventing government action to repair the economy and obtain an
International Monetary Fund loan. Standard & Poors' cut Egypt's long-term credit rating on Monday, saying another downgrade was possible if political turbulence undermined efforts to prop up the economy.
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