Egypt's bourse resumed rising on Monday after an early-session dip brought back buying interest among foreign investors, while trading in the Gulf was lacklustre and volumes thin because of the year-end lull.
Cairo's index gained 0.2 percent to 5,373 points, and has risen in nine of the last 12 sessions.
The market fell on Sunday after voters approved a controversial new constitution for the country. But plenty of
investors remain bullish about the medium term, even though the constitution may cause further political turmoil, and although the political instability has led Cairo to delay its request for a $4.8 billion loan from the International Monetary Fund.
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