In Egypt, Cairo’s benchmark rose 0.9 percent, with Egyptians and other Arab investors net buyers of stocks, bourse data shows. (REUTERS/Louafi Larbi)
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Egypt's bourse rose to a five-year high Wednesday, ignoring a militant threat against foreign tourists, after the central bank said it would give local commercial banks $1.4 billion to fund mortgages.Shares in Commercial International Bank (CIB), the country's biggest listed lender, which has been gaining since Feb. 12 when it posted a 29 percent rise in quarterly net profit, added 3.7 percent Wednesday.Bahrain's index gained 0.8 percent as shares in Arab Banking Corp jumped their daily limit of 10 percent, after it reported Tuesday a 17 percent increase in net profit for 2013 compared with nearly flat earnings a year earlier.
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