10-07-2016 15:36 via news.yahoo.com

MIDEAST STOCKS-Egypt jumps on further devaluation speculation

By David French DUBAI, July 10 (Reuters) - Egypt's stock market posted its largest one-day gain in nearly four months on Sunday as speculation over a further currency devaluation in the North African country combined with positive global cues to propel the exchange higher. In the first day of trading after the Eid al-Fitr holiday, which marks the end of the Muslim fasting month of Ramadan, Egypt's main index jumped 4.7 percent. The surge came after a 2.9 percent increase last Monday, the last se
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