MIDEAST STOCKS-Egypt extends rally on positive news; Gulf barely moves | Reuters:
"Egypt's stock market continued rebounding on Thursday from 15-month lows, buoyed by positive corporate news, while Gulf bourses moved little as Eid al-Fitr holidays began in the region.
The Cairo benchmark added 1.8 percent to 8,023 points as property names, beaten down in a series of sell-offs earlier this year, led gains.
Palm Hills Development gained 4.4 percent after saying a subsidiary had obtained a 750 million Egyptian pound ($96 million) loan from local banks to refinance debt and accelerate development of its major Hacienda Bay project by two years, with completion now scheduled for 2017."
'via Blog this'
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