MIDEAST STOCKS-Egypt enjoys best day in two years, oil pressures Gulf | Reuters

MIDEAST STOCKS-Egypt enjoys best day in two years, oil pressures Gulf | Reuters:

Egypt’s blue-chip index rose on Monday for its biggest one-day gain in two years, after the country’s annual inflation dipped. Real estate continued to weigh on Dubai.

Egypt’s annual urban consumer price inflation dipped to 15.7 percent in November from 17.7 percent in October, the official statistics agency CAPMAS said on Monday, exceeding analysts’ expectations.

Inflation had spiked in October because of supply problems in the domestic fruit and vegetable market.