MIDEAST STOCKS-Banks pressure Qatar, Egypt rises sharply | Reuters

MIDEAST STOCKS-Banks pressure Qatar, Egypt rises sharply | Reuters:

Egypt’s blue-chip index rose on Tuesday, boosted by its real estate and industrial shares, while Qatar fell a day after hitting its highest level in a year and a half following a government reshuffle.

Twenty five of 30 stocks on the Egyptian blue-chip index gained, sending the index rising 1.5 percent. The broader EGX 100 index was up 2.6 percent.

Emaar Misr For Development rose 2.2 percent after reporting a 37.2 percent increase in its third-quarter profit.