MIDEAST STOCKS-Gulf may firm as oil passes $40; Telecom Egypt may support Cairo | Reuters:
"Stock markets in the Gulf may firm on Tuesday as investors could be encouraged to enter longer-term positions with further evidence that oil prices may have bottomed. Egypt may be supported by positive earnings from Telecom Egypt.
Brent crude futures are holding above $40 per barrel in early Asian trade, although they are slightly down from their overnight high of $41.04.
Many regional fund managers believe Gulf stock markets could still be pressured this year by further squeezes in corporate earnings as governments continue to tighten fiscal policy."
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