Egyptian stocks rise further following IMF loan approval

Egypt's stock market rose sharply early on Sunday in heavy volume, heading for a 12th straight session of gains following the International Monetary Fund's approval of a three-year, $12 billion loan for the country. The IMF has already disbursed an initial installment of $2.75 billion to Egypt's central bank. The IMF loan approval had been widely expected, but this plus Egypt's decision to float its currency on Nov. 3 has made investors optimistic that the market can look forward to major inflow