MIDEAST STOCKS-Egypt lifted by foreign money; Gulf bourses lose steam | Reuters:
"Foreign funds boosted the Egyptian stock market for a second straight day on Wednesday, exchange data showed, while Gulf bourses lost steam as investors took profits.
Cairo's main index added 1.2 percent following its 1.9 percent jump on Tuesday, taking the bourse's gains for 2016 to 9.0 percent. Global Telecom Holding, a stock preferred by international managers, gained 1.1 percent.
"For now foreign fund managers seem to be at ease with current FX prices, and find the market attractive at current levels compared to other emerging markets," said a Cairo-based fund manager.
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