CAIRO, Jan 27 (Aswat Masriya) - The Egyptian stock market climbed as trading kicked off on Wednesday after fluctuations on the previous day, while markets in the Gulf also hiked. 

Egypt's benchmark index EGX 30 rose by 1.46 per cent and the Saudi TASI index by 1.56 per cent. The Qatari and Kuwaiti markets are also climbing, with Qatar up by 2.36 per cent and Kuwait's price index at a 0.66 per cent rise. 

Egypt's climb today comes after EGX 30 took a dive on Tuesday morning, then rebounded just to end trading on a 0.05 per cent increase. Egypt's index for medium and small enterprises EGX 70 and the broader EGX 100 inched up by 0.34 and 0.78 per cent, respectively.

Egypt's stock market had kicked off this week with a rally, pushed up by a rise in oil prices, but slowed down through the middle of the week as Brent crude fluctuated.

Oil prices have dramatically fallen over the past year and a half with the global market flooded with supply, and Egypt's stock exchange has been hit hard by the instability. EGX 30 has fallen by 14.6 per cent since the start of the year.