MIDEAST STOCKS-Egypt rebounds after four-day drop, Saudi mostly stable | Reuters:
"Egypt's stock market rebounded early on Thursday after dropping for four days because of fears of a possible currency devaluation, while Saudi Telecom continued rising sharply in a mostly flat market.
The Egyptian stock index tumbled as much as 10 percent earlier this week amid great uncertainty about the central bank's intentions towards the currency.
Some bankers believe authorities are preparing to float the pound - a step that could help to solve Egypt's hard currency shortage in the long run, but would be risky in the short term."
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