MIDEAST STOCKS-Egypt gains in cautious trade as Mursi trial begins; Gulf muted | Reuters:
"Egypt's bourse gained in cautious trading on Monday as ousted President Mohamed Mursi's trial began, while most Gulf markets edged up with investors hungry for fresh catalysts after strong early-year rallies.
Mursi's trial on charges of inciting violence was adjourned to January 8 on Monday after he interrupted the session repeatedly. His now-banned Muslim Brotherhood movement has said it would continue staging street protests to pressure the army to reinstate Mursi.
Cairo's benchmark index climbed 0.6 percent, trading sideways since it hit a near three-year high last week.
"People are being cautious to avoid (losses due to) any tensions," said Islam Batrawy, a Cairo-based trader. "The market volumes are improving and there can be a more sustained upward trend going forward but we need to see what might develop from the court case.""
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