MIDEAST STOCKS-Egypt recovers some losses; Saudi loses momentum - Reuters:
Egyptian stocks closed on a positive
note on Wednesday, recovering some losses from the previous
sessions, while Saudi retreated amid falling oil prices on the
backdrop of global political uncertainty.
Egypt's blue-chip index rebounded sharply to close
3.2% higher, snapping an eight-session losing streak, with 29
out of 30 stocks on the index rising.
The country's largest lender, Commercial International Bank
, jumped 5%, while Eastern Company advanced
4.7%.
Exchange data showed foreign investors were net buyers of
the stocks.
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