(Updates with Saudi Arabia, Egypt open) DUBAI, Feb 23 (Reuters) - Telecommunications stocks boosted Egypt's equity market on Monday after French operator Orange said it would increase its stake in local firm Mobinil, while two major phone operators in Saudi Arabia fell as the regulator cut the fees they can charge. Egypt's benchmark stock index rose 1.9 percent as Orascom Telecom Media and Tech**logy (OTMT) surged 5.8 percent, while telecommunications operator Mobinil, which is **t part of the benchmark, jumped its daily 10 percent limit.
02-24-2015, 01:15 PM
MIDEAST STOCKS-Telecoms boost Egypt, drag down Saudi Arabia
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