MIDEAST STOCKS-Egypt snaps winning streak, while MSCI upgrade keeps lifting Kuwait - Reuters:
Egypt's blue-chip index snapped four
straight days of gains on Thursday as most of its stocks
dropped, while Kuwait rose for the sixth consecutive session
after MSCI decided to upgrade Kuwaiti equities to its main
emerging markets index.
Egypt's blue-chip index slipped into negative
territory after four days of gains. The index was down 0.9% with
Egypt Kuwait Holding losing 4.2%.
Egypt's current account deficit widened to $7.6 billion in
the first nine months of the fiscal year from $5.47 billion a
year earlier, while net foreign direct investments narrowed in
the same period.
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