MIDEAST STOCKS-Egypt rises after cabinet reshuffle; Gulf mixed | Reuters:
"Egypt's stock market rose on Wednesday after President Abdel Fattah al-Sisi reshuffled his cabinet, while Gulf bourses were mixed in the absence of fresh incentives to trade.
The sweeping Egyptian reshuffle appeared to focus on improving economic performance - banking veteran Amr el-Garhy was appointed finance minister and Dalia Khorshid, formerly an executive of Orascom Construction, as investment minister.
Egypt's index edged down in early trade before the announcement, but closed 0.9 percent higher in active volume. Two Orascom group affiliates, controlled by members of the Sawiris business family, surged: Orascom Construction jumped 4.8 percent and Orascom Telecom Media rose 6.8 percent."
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