MIDEAST STOCKS-Transaction tax plan hits Egyptian stocks; banks drag on most Gulf markets | Reuters:
"Cairo's main stock index retreated on Thursday after Reuters reported the finance ministry would recommend a tax on stock exchange transactions.
In Gulf markets, banks were a drag on most bourses as minutes from a U.S. Federal Reserve meeting showed little support for a March rate rise.
Gulf currencies are pegged to the U.S. dollar, so policy rates in the region would follow any move by the Fed, which would boost banks' margins."
'via Blog this'
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