MIDEAST STOCKS-Egypt strong, Saudi bolstered by $12.5 bln sovereign bond issue:
"Egypt’s stock index climbed on Thursday ahead of a central bank meeting on monetary policy later in the day, while the banking sector helped carry the Saudi index higher after news that the government had priced a $12.5 billion international bond issue.
The Egyptian central bank was likely to keep key interest rates unchanged at its meeting, a Reuters poll of analysts showed, after a slide of inflation that is expected to continue in the last quarter of 2017.
The main stock index rose 1.1 percent on Thursday as it priced in the “end of the monetary and fiscal tightening period”, said Wafik Dawood of Beltone Capital."
'via Blog this'
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