Stocks

  Reuters Egypt’s stock market gained for a 12th straight session on Sunday after the International Monetary Fund approved a $12 billion loan for the country, while Saudi Arabia rose, bucking a downtrend in the rest of the Gulf. The IMF loan approval had been widely expected, but it added fresh fuel to a rally caused by Egypt’s decision to ...

  New York / AFP Donald Trump’s shock win of the US presidency sparked a surprising rally on Wall Street this week that some believe could be a prelude to further gains. The response, which sent the Dow Jones Industrial record to all-time highs on Thursday and Friday, reflected expectations that pro-business policies and ramped-up public works spending would spur ...

  Reuters Egyptian stocks jumped in record volumes on Thursday, driven by signs that hard currency was flowing into the country after last week’s pound devaluation, while Saudi Arabia’s index extended recent gains. Egypt’s blue chip index surged 4.5 percent, bringing its gains since the currency was floated last Thursday to 25 percent. The broader EGX 100 index was up ...

  London / AFP World stock markets rallied further on Thursday, with Tokyo surging almost seven percent, on hopes Donald Trump’s plan to kickstart the US economy will succeed following his shock presidential election victory. The dollar firmed after sliding Wednesday on worries that uncertainty over Trump’s policies would cause the Federal Reserve to hold off an interest rate rise. ...

  Bloomberg Indian equities and the rupee weakened after Prime Minister Narendra Modi’s government unexpectedly withdrew high-denomination banknotes and as Donald Trump clinched the US presidency. The S&P BSE Sensex tumbled as much as 6.1 percent before trading 2.8 percent lower at 12:50 p.m. in Mumbai. The rupee dropped 0.2 percent to 66.7425 per dollar, poised for its biggest drop ...

CAIRO / Reuters Egypt’s stock market surged to an eight-year high on Tuesday because of hopes for foreign fund inflows after the currency was floated last week, while a plan by Saudi Arabia’s government to pay debts to the private sector boosted that market. The Egyptian blue chip stock index jumped 2.5 percent to 10,097 points, its loftiest finish since ...

  BEIJING / AP Global stock markets were steady on Tuesday, following strong Wall Street gains the day before, as investors focused on the final hours of a tight US presidential race. KEEPING SCORE: Germany’s DAX was 0.1 percent lower at 10,449 and France’s CAC-40 was down by the same rate at 4,458. London’s FTSE 100 was stable at 6,805. ...

  London / AFP Global equities rebounded sharply on Monday, the eve of the US presidential election, after the FBI handed market favourite Hillary Clinton a major boost by ruling out criminal charges. Asian and European equities surged higher as traders breathed a sigh of relief as FBI chief James Comey said Democratic nominee Clinton would not face charges over ...

  CAIRO / Reuters Egypt’s stock market rose sharply for a third day on Monday in response to the devaluation of the Egyptian pound which has raised hopes for capital inflows, while higher oil prices boosted petrochemical shares in Saudi Arabia. The Egyptian blue chip index jumped 5.4 percent in its heaviest trade since March, bringing its gains to 15.6 ...

  Bloomberg Egyptian stocks rallied a seventh day on bets an unprecedented decision to float the pound will help cement a $12 billion loan from the International Monetary Fund. The currency weakened. The EGX 30 Index surged 6.1 percent, extending the longest winning streak since March. Members of the benchmark gauge traded at the most expensive in almost 17 months ...