Egyptian stocks (EGPT -0.6%) rebound from five-month lows hit earlier this month as both Qatar...

|By:, SA News Editor

Egyptian stocks (EGPT -0.6%) rebound from five-month lows hit earlier this month as both Qatar and Libya agree to extend a combined $5B in loans. An IMF mission to Egypt to iron out the details of a $4.8B aid package is receiving broad-based political support as Egypt's opposition parties seem willing to put "the supreme interest of the country [over] narrow party interests." The country is struggling to cope with a foreign currency shortage that is pressuring fuel imports. At 5,231, the EGX 30 Index is 59 points from resistance.