08/18/2014 04:28 pm ET Updated Aug 18, 2014

Israel, Palestinians Extend Gaza Ceasefire For 24 Hours: Official

THOMAS COEX via Getty Images

CAIRO/JERUSALEM, Aug 18 (Reuters) - Israeli and Palestinian officials said on Monday they had agreed to extend a Gaza ceasefire by another 24 hours to allow time for the sides to continue negotiations for terms of a possible agreement.

The deal was confirmed in Cairo and then Jerusalem minutes before a five-day ceasefire was due to expire. A Palestinian official close to the talks in Cairo said the extension would give both sides time "to complete the negotiations".

An Israeli official and security source said in Jerusalem that "on Egypt's request the ceasefire shall be extended by 24 hours to allow further negotiations."

(Additional reporting by Stephen Kalin in Cairo; Writing by Allyn Fisher-Ilan)