MIDEAST STOCKS-Egypt rebounds on positive corporate news; Saudi flat | Reuters:
"Positive corporate news helped Egypt's stock market rebound in early trade on Wednesday after three days of falls, while Saudi Arabia's market barely moved.
The main Cairo stock index climbed 0.8 percent as Qalaa Holdings gained 1.0 percent after saying it had signed agreements with Financial Holdings International to sell its stakes in several non-core units. Qalaa aims to close the deal in December 2015, reducing its consolidated debt by about 800 million Egyptian pounds ($105 million).
Orascom Telecom rose 1.2 percent after reporting a first-quarter net profit of 373.86 million pounds, up from 324.34 million Egyptian pounds a year earlier."
'via Blog this'
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