MIDEAST STOCKS-Financials lead Egypt higher as banks weigh on #Saudi - Reuters

MIDEAST STOCKS-Financials lead Egypt higher as banks weigh on Saudi - Reuters:

A rebound in financial shares boosted
Egypt's blue-chip stock index on Tuesday, a day after it took a
breather to snap three straight days of gains, while Saudi
Arabia reversed early gains as most of its banks declined.

Egypt's blue-chip index gained 1.7% with its
largest bank, Commercial International Bank, leaping
3.1% and El Sewedy Electric increasing 2.3%.

Egypt's M2 money supply growth accelerated to 11.78%
year-on-year in August, Reuters reported on Tuesday citing data
from the central bank.

The money supply stood at 3.93 trillion Egyptian pounds
($242.29 billion) as of the end of August from 3.88 trillion
pounds at the end of July.