MIDEAST STOCKS-Egypt posts third winning session while other markets mixed - Reuters

MIDEAST STOCKS-Egypt posts third winning session while other markets mixed - Reuters:

Egypt's stock market rose sharply on
Sunday, extending gains for a third session following steep
losses triggered by September 20 protests.

Egypt's blue-chip index rose 3.3% with all 30
stocks gaining, including Commercial International Bank
up 2.5% and a 5.3% surge in EFG Hermes.

Egypt's broader index EGX 100 closed up 3.7% as
the central bank cut key interest rates for the second month in
a row and anti-government protests failed to gather momentum.

The central bank cut interest rates by 100 basis points,
with overnight deposit rates lowered to 13.25% and lending rates
easing to 14.25%.