MIDEAST STOCKS-Egypt resumes post-devaluation uptrend, Gulf moves little | Reuters:
"Egypt's stock market resumed rising on Monday after soaring last week in response to a currency devaluation, while most Gulf markets moved little as oil prices pulled back slightly.
The Cairo index jumped 14 percent last week on hopes that the devaluation would attract foreign fund inflows, helping to resolve the country's longstanding foreign exchange shortage.
On Sunday, the index fell back 0.3 percent, and it dropped further early on Monday. But it rallied in late trade to close 0.4 percent higher at 7,494 points, the highest finish since early November."
'via Blog this'
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