Latest in Stock Market Highlight

Latest in Stock Market


MSCI

MSCI moves horizontally, approaches 870 points during week’s trading

The MSCI index has moved within a limited range during last week’s trading, increasing to 869.8 points from 867.84—a 0.23% increase. The performance of the index was moving horizontally during last week’s sessions after starting the week with increases, approaching 868 points during Monday’s session, then approaching 870 points during Tuesday’s session. MSCI managed to …

Daily News Egypt

Profits take over Gulf markets during last week’s trading

Qatar’s stock exchange topped the Gulf markets last week with an increase of 4.66%, reaching a level of 10,428.67 points, recording an average daily trading value of 144.914m riyals. Dubai capital market came second with an increase of 3%, reaching the level of 3,471.9 points, recording an average daily trading value of 496.84m dirhams. Saudi …

Daily News Egypt

On the Nile stock exchange, the Mediterranean Company and Pioneers Holding ranked joint highest in total amounts of stock traded. (AFP Photo)

EGX expected to stay at 7,400 during Sunday trading

Technical analysts predicted that the Egyptian Exchange (EGX) will continue its sideways trend, leaning south, amid uncertainty of the Central Bank of Egypt’s (CBE) vision during the Sunday session. Last week, the EGX declined by 1.93% and closed at 7,437, after the CBE kept the value of the national currency unchanged for the second week …

Mohamed Ahmed

MSCI

MSCI achieves strong 4.7% increase in past week’s trading

MSCI index registered a remarkable increase of 4.7%, rising from 828.84 points to 867.84 points in last week’s trading. MSCI index rose 2.16% during Monday’s session and then decreased to 0.87% in Tuesday’s session. MSCI registered an increase of 0.27% in Wednesday’s session, then 1.12% and 0.22% increases on Thursday and Friday sessions respectively.

Daily News Egypt

EGX30 plummeted more than nine per cent on Sunday, 25 November. (DNE/ Mohamed Omar)

EGX expected to range from 7,550 to 7,600 points during Sunday trading

Technical analysts predicted that the Egyptian Exchange (EGX) will continue its sideways trend, ranging between 7,550 and 7,600 points during the Sunday session. A steady session is expected after the good performance of the stock market in the previous week. The analysts had said that the market was expected to break its sideways trend during …

Mohamed Ahmed

Line messenger app shares soar in IPO

Priced high to begin with, Line shares shot up even further in value in its first day of trading. The chat app’s emojis have made it a hit in Asia, and investors seem confident that it’s success will spread.

Deutsche Welle

Asian markets tremble as pound sinks

British pound has plummeted to new depths as uncertainty over the economic impact of the UK’s pro-Brexit vote keeps worrying markets. Stock in Asia plunged again amid fears of long-term instability.

Deutsche Welle

UK stocks erase all post-vote losses

London’s benchmark FTSE 100 stock index has erased all its post Brexit vote losses on a wave of bargain hunting activities. Energy and financial shares were among the biggest winners after slumping right after the vote.

Deutsche Welle

US stocks slide as Brexit fallout worsens

US bank shares have led a steep decline on Wall Street as aftershocks from Britain’s vote to leave the European Union have roiled global markets again. Traders were uncertain about London’s future as a finance capital.

Deutsche Welle