Mideast Stocks: Property shares boost Egypt, most Gulf markets trade up | ZAWYA MENA Edition

Mideast Stocks: Property shares boost Egypt, most Gulf markets trade up | ZAWYA MENA Edition:

A rebound in real estate shares lifted Egypt's blue-chip stock index on Wednesday, while most major Gulf markets rose marginally.

Egypt's blue-chip index gained 1.1%, with 24 out of 30 stocks advancing.

The country's largest lender, Commercial International Bank, added 0.6%, while developer Madinet Nasr MNHD.CA jumped 9.9% to become the top gainer on the index.

Middle Eastern funds plan to increase their investments in Egypt, despite recent political protests, while keeping their exposure to the rest of the region at current levels, according to a Reuters poll.