MIDEAST STOCKS-Orascom bid for Beltone boosts Egypt; Saudi mixed | Reuters:
"News that Orascom Telecom Media and Technology is seeking to buy Beltone Financial boosted Egypt's stock market on Thursday, while Saudi Arabia's market was narrowly mixed after oil prices pulled back.
Orascom Telecom and Act Financial want to buy Beltone for an 650 million Egyptian pounds ($83 million), Orascom said in a statement to the bourse.
That was positive news for a market which has been hit in recent months by sluggish economic growth and foreign exchange shortages. Orascom shares surged 4.3 percent and Beltone jumped 9.9 percent."
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