MIDEAST STOCKS-Egypt gains on talks for IMF assistance, Banks weigh on #Saudi - Reuters

MIDEAST STOCKS-Egypt gains on talks for IMF assistance, Banks weigh on Saudi - Reuters:

Egypt's blue-chip shares rose sharply on
Monday, boosted by financial shares amid talks over possible
further assistance from the International Monetary Fund (IMF),
while banking shares dragged down Saudi stocks.

Egypt's blue-chip index rose 1.5% in its first day
of trading since the central bank governor said Cairo was in
talks with the International Monetary Fund (IMF) on further
assistance to help it carry out structural reforms.

Egypt’s current $12 billion three-year IMF program ends next
month.