amwalalghad :: Arab

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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        National Development Bank   6.72        Six of October Development & I   15.03        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        

Money Markets - Arab

Amwal Al Ghad English - 2017-10-25 08:26:50
Stock markets in the Gulf may tick higher Wednesday on a jump in oil prices to a near four-week high after leading exporter Saudi Arabia said it was determined to halt a supply glut. Saudi Arabia’s stock market may also find support on positive news emerging from a high-profile investment conference in Riyadh at which the kingdom announced on Tuesday a $500 billion plan to build a business and industrial zone extending into Jordan and Egypt. Saudi Electricity Co could rise after news on Tuesday that the kingdom will consider selling a large stake in the utility to SoftBank Vision Fund. The Saudi government would retain a controlling stake, the utility said in a statement. Brent crude, the global benchmark, was up 8 cents at $58.41 a barrel by 0437 GMT, after settling up 96 cents, or 1.7 percent, on Tuesday. It followed comments by Saudi Arabia’s Energy Minister Khalid al-Falih that the focus remained on reducing oil stocks in industrialized countries to their five-year average and raised the prospect of prolonged output restraint once an OPEC-led supply-cutting pact ends. Telecom operator Zain Saudi and Advanced Petrochemical Co could also rise on Wednesday. Zain Saudi swung to a third-quarter net profit of 3 million riyals ($800,043), while Advanced Petrochemical reported a third-quarter profit rise of 10.2 percent to 208.4 million riyals. More»
Amwal Al Ghad English - 2017-10-24 10:29:36
Saudi Aramco’s chief executive announced Tuesday that domestic and international exchanges such as New York, London, Tokyo, and Hong Kong have been looked at for a partial listing of the state oil giant. “All detailed information is currently being reviewed by our shareholder and in due course a decision will be made about the listing venue,” Aramco CEO Amin Nasser told reporters at an investment conference in Riyadh. The company has said it plans to list in 2018. Asked if a listing of the share in 2019 was a scenario under consideration, Nasser said no. More»
Amwal Al Ghad English - 2017-10-24 09:34:26
The absence of Jamie Dimon from Saudi Arabia's Future Investment Summit should not be seen as a signal that Saudi Aramco's upcoming initial public offering (IPO) is in some kind of trouble, the chief executive for the Middle East and Africa at Deutsche Bank told CNBC on Tuesday. Saudi Aramco, the world's largest oil company, plans to list its shares on the Saudi domestic stock market — the Tadawul — and one or more foreign exchanges in the second half of 2018. However, JPMorgan boss, Jamie Dimon, was notable in his absence from Riyadh's so-called "Davos in the desert" event this week. When asked whether it should worry investors that a major CEO from one of the lead underwriters for the Saudi Aramco's IPO was missing from the conference in Riyadh Tuesday, Deutsche Bank's Jamal Al Kishi said: "I think that interpreting that as a sign that the process is derailed or in some kind of trouble is probably a bridge too far in my view." Reportedly, Saudi Aramco has appointed JPMorgan Chase, Morgan Stanley and HSBC to assist with its mammoth IPO next year. On Monday, Saudi Aramco's chief executive Amin Nasser told CNBC the plan to take a portion of the oil giant's business public in 2018 remained on track. Al Kishi said there would be "no reason to doubt" Nasser's comments, before adding, "If there were complications, those will be dealt with and that's natural for a company the size of Saudi Aramco." More»
Amwal Al Ghad English - 2017-10-22 06:47:41
Stock markets in the Gulf may generally have a firm tone on Sunday because of a positive global climate, while indexes in Saudi Arabia and Dubai could test technical resistance. The Dow Jones Industrial Average rose 0.6 percent on Friday while Brent oil was at $57.49 a barrel, up 0.5 percent. The Saudi index, last at 7,011 points, faces resistance on its 200-day average, now at 7,036 points. Stronger-than-expected third-quarter earnings just announced by food company Almarai could encourage a test of that barrier. Almarai posted a net profit of 667 million riyals ($177.9 million), up from 664.3‍​ million riyals a year earlier and above the 621 million riyal average forecast of analysts polled by Reuters. Bank Albilad’s quarterly profit of 248.1 ‍​million riyals, up from 227.8 million riyals, was in line with an average analyst forecast of 248 million riyals. Al Rajhi Bank , with a profit of 2.27 billion riyals versus 2.01 billion riyals, was also in line with estimates. Meanwhile Dubai’s index, last at 3,673 points, faces resistance on the August peak of 3,681 points. A surge in Dubai’s trading volume on Thursday to the highest level since February suggests a clean break of resistance is possible in coming days. Any clean break would point up to stronger resistance at 3,737-39 points, the highs in January and February. More»
Amwal Al Ghad English - 2017-10-19 07:14:37
Saudi bank shares could be buoyed on Thursday by better than expected third-quarter earnings from Riyad Bank, the kingdom’s fourth-largest bank by assets. Investors are awaiting results from Saudi Arabia’s other lenders after Riyad Bank reported a 47.7 percent rise in profit as income from investments and fees and commission rose. The positive results follow Saudi’s Alinma Bank on Sunday beating analysts’ estimates with a 3 percent profit rise. Qatar bank stocks will also be in focus after Qatar Islamic Bank (QIB), the Gulf state’s largest sharia-compliant lender by assets, reported a 10.9 percent jump in third-quarter net, in line with analysts’ forecasts. Results on Thursday included Saudi Kayan Petrochemical Co. , which reported a 140.9 percent rise in third-quarter profit to 381.0 million riyals, and Saudi Automotive Services Co , which posted a 36.6 percent profit rise to 9.1 million riyals. Asian stocks rose to near decade highs on Thursday, while oil prices were stable, supported by ongoing OPEC-led supply cuts. More»
Amwal Al Ghad English - 2017-10-18 09:24:18
Shares in Dubai real estate developers may be in focus on Wednesday after two firms reported lower third-quarter earnings, reflecting continued pressure on the Dubai property market. Dubai’s DAMAC Properties posted a 20 percent year-on-year fall in profit to 719.34 million dirhams; revenues jumped almost 31 percent, but cost of sales surged to 1.3 billion dirhams from 788.6 million dirhams. Deyaar reported a similar poattern, with profit dropping 41 percent but revenue surging 55 percent. In Saudi Arabia, construction firm Khodari reported a quarterly net loss of 22.9 million riyals ($6.1 million), narrowing from a year-earlier loss of 54.4 million riyals. But the loss was still larger than the 12 million riyal loss forecast by EFG Hermes, and revenue sank 41 percent. Asian stock markets are barely changed, while Brent crude oil has firmed 43 U.S. cents to $58.30 per barrel. More»
Amwal Al Ghad English - 2017-10-17 11:19:50
State-owned Saudi Aramco has asked FTI Consulting to halt its investor relations advisory work related to the oil company's planned initial public offering, people familiar with the matter told Reuters on Tuesday. Aramco brought in Brunswick to advice on media relations and appointed FTI Consulting to manage investor relations. It was not immediately clear why FTI was asked to suspend its work for Aramco, but one of the sources said the latest decision could broaden Brunswick's role beyond media relations. FTI and Brunswick declined to comment on Aramco's move. Saudi Aramco did not respond to a request for immediate comment. China is offering to buy up to 5 percent of Saudi Aramco directly, Reuters reported this week citing sources, a move that could give Saudi Arabia more flexibility in floating the world's biggest oil producer on the stock market. More»
Amwal Al Ghad English - 2017-10-16 13:05:54
Most Gulf stock markets were firm in early trade on Monday with Saudi Arabia recovering from Sunday’s losses as the banking sector rose on Alinma Bank’s better-than-expected earnings. The main Saudi index edged up 0.2 percent in the first hour. Alinma Bank jumped 2.3 percent and was the most heavily traded stock; it reported third-quarter net profit of 542 million riyals ($145 million), up from 312 million riyals a year ago. Analysts had forecast an average of 493 million riyals. Other Saudi banks, which have yet to report earnings, were generally firm; Al Rajhi Bank was up 0.6 percent. The insurance sector, which sank last week on expectations for a shakeout in the sector caused by tougher regulation, was weak with Amana Insurance falling back 2.5 percent. Dubai’s index edged up 0.2 percent but Emaar Properties fell 0.7 percent. Abu Dhabi was flat; however, Aldar Properties gained 1.6 percent in heavy trade. Dana Gas, which is fighting sukuk holders in courts in Britain and the United Arab Emirates, arguing it does not need to redeem the instruments because they have become invalid, extended Sunday’s slide, falling a further 2.6 percent. Qatar’s index lost 0.4 percent although Qatar National Bank rose 0.8 percent, after reporting solid third-quarter earnings last week. More»
Amwal Al Ghad English - 2017-10-16 06:53:40
Gulf stock markets may be supported on Monday by a surge in oil prices, while better-than-expected earnings by a prominent Saudi Arabian bank may help that market. Brent oil has climbed 1.2 percent to $57.88 per barrel on Monday morning after Iraqi forces began moving towards oil fields held by Kurdish Peshmerga fighters near the oil-rich city of Kirkuk. Turmoil in Iraq has tended to have little or no negative impact on Gulf stock markets in recent years, so investors may react instead to the rise of oil prices, which could buoy petrochemical stocks. Alinma Bank may gain after reporting third-quarter net profit of 542 million riyals ($145 million), up from 312 million riyals a year ago; analysts had on average forecast 493 million riyals. In Abu Dhabi, however, United Arab Bank reported a net loss of 5.4 million dirhams ($1.5 million) for the third quarter against 17 million dirhams of net profit in the same period last year. Asian shares have advanced to a decade-high on Monday, with MSCI’s broadest index of Asia-Pacific shares outside Japan gaining for a fifth day running to its highest level since late 2007. More»
Amwal Al Ghad English - 2017-10-15 07:41:49
Gulf stock markets look set to consolidate on Sunday but an increase in tensions with Iran and a possible further delay of Saudi Arabian energy price reforms could affect some shares. In a major shift in U.S. foreign policy, U.S. President Donald Trump said on Friday he might ultimately terminate the 2015 agreement that lifted sanctions in Iran in return for Tehran rolling back technologies with nuclear bomb-making potential. This could usher in a period of heightened geopolitical uncertainty in the Gulf and prevent strengthening of economic ties between Iran and the rest of the world. This would be negative for Dubai, which could play a role as a base for such trade and investment. Few listed Gulf countries have major exposure to Iran but Saudi food giant Savola obtained 2.76 billion riyals ($736 million) of its 25.31 billion riyals of revenue last year from its Iranian business. One potential positive for Saudi stocks is that Riyadh looks increasingly likely to delay fuel price hikes originally planned for this year. The International Monetary Fund said last week that Riyadh was reviewing the speed of its austerity programme to avoid hurting its economy, and Saudi finance minister Mohammed al-Jadaan‍ told Bloomberg television in Washington at the weekend that the government would not rush to impose austerity steps. In Abu Dhabi, Union National Bank reported flat third-quarter net profit of 410 million dirhams ($111.7 million), at the low end of estimates; EFG Hermes had predicted 403.0 million dirhams and SICO Bahrain, 452.4 million dirhams. Global stock markets ended on a firm note at the end of last week, while Brent crude oil rose 1.6 percent to $57.17 a barrel. More»