MIDEAST STOCKS-Egypt continues climb on FX hopes, Gulf down on oil | Reuters:
"Egypt's stock market rose early on Thursday on hopes that the central bank would resolve the country's foreign exchange shortage, while Gulf markets fell back because of an overnight tumble of oil prices.
The Egyptian index, which jumped 3.5 percent on Wednesday, climbed a further 2.1 percent to 6,788 points. Its break of minor chart resistance on the late November peak triggered a double bottom formed by the November lows and pointing up to just below 7,000 points.
Egypt's central bank will inject U.S. dollar liquidity into the market this month and plans an exceptional foreign exchange auction, the Egyptian presidency said late on Wednesday."
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