MIDEAST STOCKS-Egypt's EGX30 index rises, most Gulf markets firm | Reuters:
Gulf markets closed mainly higher on Sunday thanks to strong financials, while Egypt's blue-chip index rose sharply, helping it catch up with gains in other emerging markets.
"Egypt is finally catching up with the risk-off trade emerging markets are witnessing," said Mohammed al-Hajj, senior macro strategy analyst at EFG Hermes, noting that the index was up around 6 percent year-to-date compared with around 7 percent for other emerging markets.
"There are also local drivers for the move such as the continuation of positive macro figures and falling T-bill yields," he added.
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