MIDEAST STOCKS-Profit-taking weighs on Qatar; Egypt extends gains | Reuters:
The Qatar stock index fell for a second consecutive session, bogged down by banks and profit-taking, while Egypt’s blue-chip index extended gains on institutional buying.
The Egyptian index added 1.3 percent to reach its highest in two weeks, buoyed by real estate shares. Talaat Mostafa shot up 4.9 percent and Eastern Co rose by 2.8 percent.
Egyptian institutions extended net buying of 33 million Egyptian pounds in the previous session with 64 million Egyptian pounds on Wednesday, Hussein Elalfy, Head of Research at SHUAA Securities Egypt said.
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