MIDEAST STOCKS-Egypt sees profit-taking after devaluation rally | Reuters:
"Egypt's stock market dipped for a second day in early trading as investors took profits from a rally inspired by future currency devaluation speculation, while Saudi Arabia's bourse rose for the third straight session.
The main measure in Egypt fell 1.5 percent in early trade, having ended Monday 0.2 percent lower.
The index had surged 7.7 percent in the two prior sessions straddling the Eid al-Fitr holiday, following comments from the central bank governor that the Egyptian pound should be a market-based currency where demand and supply set the price."
'via Blog this'
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