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Egypt, Dubai stock markets up; Kuwait’s pull-back deepens

  DUBAI / Reuters Strong corporate earnings in Egypt and Dubai buoyed those markets on Tuesday, while Kuwait continued pulling back on profit-taking after a bullish run last month. Cairo’s Palm Hills Development soared 9.2 percent to 3.08 Egyptian pounds after it reported fourth-quarter consolidated net profit after minority interests of 235 million pounds ($12.7 million) versus 169 million pounds ...

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US shares climb as Dow sets record on industrial-stock rally

  Bloomberg U.S. stocks climbed on Tuesday as investors assessed data on the country’s trade deficit and continued to sift through earnings reports for clues on the economy’s health. The S&P 500 Index added 0.3 percent to 2,299.32 at 9:45 a.m in New York, while the Dow Jones Industrial Average climbed 100 points to an intraday record of 20,149. The ...

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Discounts on Turkish stocks show rally has legs, GAM’s Love says

  Bloomberg Turkish stocks could still have another 10 percent to gain, despite a rally so far this year that has propelled them to a place at the top of global indexes. A combination of depressed valuations, central-bank efforts to support a declining currency and improved sentiment toward riskier assets has driven the benchmark Borsa Istanbul 100 Index 12 percent ...

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