MIDEAST STOCKS-UPDATE 1-Telecom Egypt rallies on Q3 jump; Cairo extends drop, Saudi up | Reuters:
"Shares of Telecom Egypt and property developer Talaat Moustafa rose on Monday after the two companies reported higher quarterly earnings, but declines in two heavyweight stocks dragged Cairo's benchmark to a new 23-month low.
Gulf markets were mixed as those hardest hit by Sunday's region-wide equity sell-off - Dubai, Abu Dhabi and Saudi Arabia - clawed back some of their losses and others were muted.
Telecom Egypt was up 2.8 percent at 1009 GMT after the company reported a 360 percent increase in quarterly profit following changes to corporate tax regulations."
'via Blog this'
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