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Exchange-traded funds tied to Egyptian stocks jumped as President Hosni Mubarak left office.

The Market Vectors Egypt Index ETF (EGPT) surged in the moments after word Mubarak would resign and gained 6.5% to $18.95 on NYSE Arca recently.

A fund that tracks Turkish stocks also got a lift from Egypt's news. The iShares MSCI Turkey Investable Market Index ETF (TUR) rose 1.3% to $62.47. The Turkey ETF correlated closely with the Egypt ETF's price movements during recent period of unrest. The fund is down by about 7% since the unrest in Egypt began last month.

ETFs that represent the broader emerging markets ETFs also gained. The Vanguard ETF Emerging Markets (VWO) gained 0.9% to $45.84 recently, while the iShares MSCI Emerging Markets Index ETF (EEM) rose 1.1% to $45.58.

The iShares MSCI Israel Capped ETF (EIS) fell 0.1% to $57.10.

Egypt's stock exchange has been shut since Jan. 27, following a 16% drop over a three-day period after protests intensified across the country.

Van Eck Global, sponsor of the Egypt ETF, suspended the creation of orders for its fund due to the closure of the Egyptian Stock Exchange. The ETF tracks stocks that generate significant revenues in Egypt.

ETFs tied to oil fell in step with crude futures after Mubarak's departure.

United States Oil Fund LP (USO) fell 1.7% to $35.92.

-By Chris Dieterich, Dow Jones Newswires; 212-416-2611; christopher.dieterich@dowjones.com