MIDEAST STOCKS-Foreigners boost Egypt as it reopens after Eid; Gulf mixed | Reuters:
"Egypt's stock market climbed on
the back of buying by foreign investors as it reopened on Monday
after a long Eid al-Adha holiday, while Gulf bourses were
narrowly mixed as oil prices stayed low.
The main Cairo index rose 0.9 percent from last
Tuesday's close to finish at 7,409 points in active trade, with
exchange data showing Arab and non-Arab foreign investors were
net buyers.
The rise was technically bullish as it confirmed a positive
short-term reversal pattern for the market, which has been in a
downtrend since February."
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