MIDEAST STOCKS-Banks dent Egyptian index as financials lift Saudi - Reuters:
Egypt's blue-chip index ended its
three-day winning streak as declines in banking shares sent it
into negative territory on Monday, while financial stocks
bolstered the Saudi index.
The Egyptian index lost 0.4%, with the country's
largest lender Commercial International Bank (COMI)
falling 1% and Eastern Company dropping 2.6%.
Cairo Investment and Real Estate Development
outperformed the market, jumping 6.3% after its board approved a
25 million euro ($27.27 million) loan agreement to finance the
first phase of construction of a university in Asyut.
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