MIDEAST STOCKS-Egypt rises in post-devaluation rally; Gulf falls with oil | Reuters:
"Egypt's stock market rose for a second straight day on Tuesday after the country's central bank devalued the currency. Gulf markets fell as oil prices retreated.
Cairo's index climbed 1.9 percent to 7,140 points, rising above technical resistance at this year's peak of 7,114 points. A second straight close above that level would confirm a break, pointing up to the October peaks around 7,700 pounds.
But while trading volume was active, it almost halved from the extraordinarily high seen on Monday, when the index soared 6.7 percent after the central bank devalued the pound to 8.85 per U.S. dollar from 7.73."
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