MIDEAST STOCKS-Egypt upbeat; oil drags down Gulf markets | Reuters:
"Egypt's stock market rose on
Monday on encouraging corporate news, while most Gulf bourses
fell, tracking oil prices as they came under pressure from weak
economic data out of China.
The Cairo index rose 1.1 percent and Qalaa Holdings
was one of the main supports. Its shares jumped 3.9
percent after the company announced the second round of its
capital increase had been covered 64.7 percent.
In that exercise, Qalaa's co-investors in various ventures
swapped their stakes for shares in Qalaa, which allowed the firm
to raise its stakes in core assets."
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