16-03-2016 06:51 via rocketnews.com

MIDEAST STOCKS-Egypt may consolidate after gains; Gulf may be soft

DUBAI, March 16 (Reuters) – Egypt’s stock market mayconsolidate on Wednesday after two sessions of big gainsfollowing the devaluation of the currency, while Gulf marketsmay remain soft after profit-taking from the region’s rallystarted in the past few days. The Egyptian index has climbed 9 percent in thepast two days on hopes that the devaluation will draw capitalback to the country. But while the real estate and export sectors continued tofare well on Tuesday, some blue chips
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