amwalalghad :: Arab

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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        Canal Shipping Agencies   7.39        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Heliopolis Housing   21.65        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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 - 2016-11-29 09:27:45
Saudi Arabia's stock market neared a bullish technical breakout during Tuesday’s early trade while speculative activity in small caps boosted United Arab Emirates markets, though other bourses in the Gulf were little changed. The Saudi index climbed 0.7 percent in the first half-hour to 6,950 points, its highest level since Jan. 3. A close above major technical resistance on the April peak of 6,876 points would confirm a major double bottom formed by the January and October lows and pointing up to around 8,400 points in the long term. As on Monday, the banking and petrochemical sectors moved little and much activity focused on smaller stocks. Retailer Jarir Marketing, beaten down earlier this year by an economic slowdown due to low oil prices, jumped 5.2 percent. Insurance stocks favoured by local retail speculators also surged, with Al Rajhi Takaful up 7.8 percent. Central bank data released on Monday suggested the government was bringing home large amounts of money from abroad and using it to pay debts to the private sector, which could boost economic growth in the fourth quarter. Dubai's index rose 1.0 percent as Dubai Investments surged 2.7 percent. Construction firm Arabtec climbed 1.6 percent after it appointed Hamish Tyrwhitt as new chief executive; Tyrwhitt was chief executive of Australian contractor Leighton Holdings, since rebranded CIMIC Group, between 2011 and 2014. Abu Dhabi's index rose 0.5 percent, buoyed by banks, with Abu Dhabi Commercial Bank adding 2.1 percent. Qatar's index was flat, however. More»
Amwal Al Ghad English - 2016-11-28 09:06:56
Gulf stock markets moved sideways during Monday’s early trade with little fresh corporate news to spur buying, while uncertainty over oil prices also deterred some investors. Saudi Arabia's index was flat after 70 minutes of trade with most petrochemical companies little changed and the banking sector index edging down. Real estate developer Jabal Omar gained 1.4 percent after saying it had ended a contract with builder Saudi Binladin Group, settling an outstanding 196 million riyal ($52.3 million) debt to Binladin by transferring to it ownership of units in a project. Dubai's index edged down 0.1 percent as Union Properties, the most heavily traded stock, pulled back 2.5 percent after leaping 11.4 percent on Sunday. Abu Dhabi's index dropped 0.6 percent as telecommunications blue chip Etisalat fell by the same amount, while Qatar edged down 0.3 percent as Qatar national bank lost 0.5 percent. Brent crude oil dropped 1.4 percent to below $47 a barrel in Asian trade on fears that producer countries meeting this week could fail to agree on a meaningful output cut. Saudi Arabia's energy minister, Khalid al-Falih, said on Sunday night that he believed the oil market would balance itself in 2017 even if producers did not intervene, and that keeping output at current levels could therefore be justified. More»
Amwal Al Ghad English - 2016-11-27 09:21:49
Gulf stock markets consolidated in a quiet market during Sunday with little corporate news to prompt trading, and with Friday's sharp pull-back in oil prices offsetting strength in bourses worldwide. The Saudi stocks edged up 0.1 percent to 6,806 points in the first half hour. The index tested and failed to break technical resistance on its April peak of 6,876 points on Thursday. The petrochemical index underperformed, dropping 0.4 percent, while the cement sector was also weak. Alawwal Bank jumped 2.0 percent, however, after changing its name to Alawwal Bank from Saudi Hollandi Bank in a rebranding exercise that coincides with Royal Bank of Scotland seeking a buyer for its 40 percent stake. Dubai's main index climbed 0.6 percent on the back of gains in the two most heavily traded stocks, GFH Financial, up 2.2 percent to 1.86 dirhams, and Union Properties, which surged 5.3 percent to 0.88 dirham, approaching major technical resistance on the year's high of 0.91 dirham. Abu Dhabi's index rose 0.7 percent on the back of a 1.5 percent gain by Abu Dhabi Commercial Bank, which has been volatile because of merger speculation. Qatar's index was flat. More»
Amwal Al Ghad English - 2016-11-23 09:30:58
Saudi Arabia's stock market extended gains at Wednesday’s early trade, outperforming regional markets where local retail investors were the main participants. Riyadh's index added 1 percent in the first 45 minutes of trade, inching closer to technical resistance at the July peak of 6,703 points. Petrochemicals and banking stocks, which have been outperforming other sectors over the past month, strengthened. Saudi Basic Industries added 1.2 percent while Banque Saudi Fransi gained 2.4 percent. Domestic-focused shares were robust, recovering from losses in recent days. Electronics and bookstore operator Jarir Marketing and medical insurer Medgulf were both up by 1.9 percent. Dubai's main stock index edged up by 0.1 percent with the majority of turnover coming from small and mid-sized companies. National Central Cooling jumped 5.5 percent but healthcare provider Amanat Holdings dropped by 3 percent. Most blue-chip stocks, favoured by foreign funds, were relatively quiet. Emaar Properties was down 0.5 percent. Abu Dhabi's index gained 0.2 percent as top lenders diverged. First Gulf Bank rose 1.3 percent but Union National Bank (UNB) pulled back 2.1 percent and Abu Dhabi Commercial Bank (ADCB) eased by 0.8 percent. Trading has been volatile in the shares of UNB and ADCB over the past week on rumours that they intend to merge. Both have denied that they are planning a deal. Qatar's main index dipped by 0.2 percent, with losers outnumbering gainers nine to one. Oil drilling company Gulf International Services fell by 1 percent. More»
Amwal Al Ghad English - 2016-11-21 15:46:27
Stock markets in the Gulf diverged Monday with Saudi Arabia's index cooling for a third session as investors booked profits on lofty prices while Abu Dhabi stock market rebounded slightly. Riyadh's main index fell 1.1 percent in modest trade, with roughly 70 percent of the traded shares declining. It is now down 2.3 percent over the past three sessions but is still up 14.9 percent over the last 30 days. Banking shares, which have been the chief gainers over the past four weeks, were hard hit with all but two of the listed lenders closing lower. Blue-chip Samba Financial Group lost 4.4 percent to 21.90 riyals and Saudi British Bank fell 4.7 percent. Shares in both lenders are now trading close to the expected fair price of analysts, according to Thomson Reuters data, a sign that long term value-traders will have little impetus to add further shares to their portfolios. "For over a month the stock market has been performing in a silo, disconnected from the global environment even somewhat dislocated from the movement in crude oil prices," said a Riyadh-based portfolio manager. Over the past month, Brent oil is down 9.5 percent while the petrochemical sector is up 8.3 percent. On Monday, however, despite a bounce in crude oil prices over $47 a barrel the majority of the listed oil-derivative shares fell. National Petrochemical Co fell 2.9 percent. Abu Dhabi's index rose 0.2 percent after falling 1.7 percent on Sunday. Abu Dhabi Commercial Bank climbed 0.3 percent and Union National Bank added 0.7 percent. On Sunday, UNB dropped 5.2 percent and ADCB lost 2.7 percent after both lenders issued separate statements denying last week's Bloomberg report that they were involved in merger talks. Abu Dhabi Islamic Bank ended flat after pulling back 0.8 percent on Sunday after the lender said that it has no plans to merge with Alhilal Bank. Dubai's Shuaa Capital jumped 10.8 percent, taking its gains over the last two session to 19.1 percent as investors were optimistic that its new shareholder, Abu Dhabi Financial Group, will unlock value for the investment firm. Shares in Shuaa are now trading at roughly 2.5 times the acquisition price of 0.705 dirham a share. Shares in other second-tier companies, usually traded by local traders, also climbed, helping carry Dubai's main index 0.1 percent higher. Union Properties jumped 9.8 percent. More»
Amwal Al Ghad English - 2016-11-21 09:05:57
Abu Dhabi's stock market index has rebounded during Monday’s early trade as some of banking stocks which were sold off in the previous session recovered, while Saudi Arabia surged as oil prices firmed. Abu Dhabi's index went up 0.9 percent after falling 1.7 percent on Sunday. Abu Dhabi Commercial Bank climbed 3.2 percent and Abu Dhabi Islamic Bank rose 0.3 percent. On Sunday, Union National Bank dropped 5.2 percent and ADCB lost 2.7 percent after both lenders issued separate statements denying last week's Bloomberg report that they were involved in merger talks. Similarly, ADIB pulled back 0.8 percent after the lender said that it has no plans to merge with Alhilal Bank. Shares in UNB have yet to trade on Monday morning. Dubai's Shuaa Capital jumped 8.2 percent as investors were optimistic that its new shareholder, Abu Dhabi Financial Group, will unlock value for the investment firm. Shares in Shuaa are now trading roughly double the acquisition price of 0.705 dirham a share. Shares in other second-tier companies, usually traded by local traders, also climbed, helping carry Dubai's main index 0.3 percent higher. Builder Drake & Scull rose 2.8 percent. Meanwhile, Saudi Arabia's general index edged up 0.2 percent to 6,585 points after 20 minutes of trade, having closed down for two straight sessions. "Even if the index rises, it is likely to face strong resistance between 6,700 - 6,875 points," said a note by Riyad Capital. The majority of listed petrochemical shares rose as Brent futures climbed back over $47 a barrel, with heavyweight producer Saudi Basic Industries adding 0.3 percent. More»
Amwal Al Ghad English - 2016-11-15 08:51:59
Gulf stock markets were mixed at early Tuesday after MSCI adjusted its indexes, causing sharp moves in some shares. Dubai's main index was up 0.1 percent as DXB Entertainments added 3.4 percent after MSCI upgraded the stock to its United Arab Emirates standard index, effective at the close on Nov. 30. Builder Arabtec fell 3.1 percent after MSCI downgraded it to its small cap index, while Dubai Financial Market lost 0.9 percent after it was deleted from the standard index. Abu Dhabi's main index climbed 0.5 percent to 4,205 points, rebounding from technical support at its May low of 4,175 points. Eshraq Properties rose 2.9 percent. Qatar's index dropped 0.4 percent as Vodafone Qatar slid 1.7 percent to 9.99 riyals after MSCI downgraded the stock to its small cap index. The stock tested but held technical support at its January low of 9.70 riyals. Qatar First Bank soared its 10 percent daily limit in heavy trade after MSCI added it to its small cap index. Saudi Arabia's stock index fell 0.4 percent, pulled down by profit-taking in banks and petrochemicals after a strong rally in the last four weeks. Riyad REIT, which jumped its 10 percent daily limit when it listed on Sunday and did so again on Monday, climbed a further 3.7 percent, but heavy trading volume showed some investors had begun to sell. More»
Amwal Al Ghad English - 2016-11-08 08:32:18
Stock markets in the Gulf went higher at early trade on Tuesday with Saudi Arabian shares heading for a fourth day of uninterrupted gains on positive news from the government's payment plan to the private sector. Riyadh's general market index rose 0.5 percent with contractor Al Khodari, which works extensively on public financed projects, the top gainer after 15 minutes of trade, leaping 6.8 percent, after the government economic body said it was looking at making payments to the private sector, before the end of December. Although the amount was not stated, the Council of Economic and Development Affairs said in a state news statement that it had also cancelled projects valued at up to 1 trillion Saudi riyals ($266.7 billion). Saudi Pharmaceutical Industries, the only listed drug producer, gained 2.5 percent, in a second day of heavy trade after energy minister said on Sunday the kingdom plans to develop automotive, pharmaceutical and solar industries. Petrochemical shares remained robust as Brent oil stalled around $46 a barrel with top producer Saudi Basic Industries adding 0.3 percent. Banking shares, which have been leading the market higher since the government's successful $17.5 billion international bond sale last month, were also strong with all but one of the 12 listed lenders advancing. Saudi British Bank was up 1.8 percent. Abu Dhabi's index rose 0.6 percent as the largest listed developer Aldar Properties climbed 1.2 percent on its quarterly earnings beat. Net profit attributable to the Alar's owners came in at 747.8 million dirhams ($203.6 million) for the three months to Sept. 30, a 17.9 percent increase from year-ago period. Analysts at SICO Bahrain forecast Aldar would make quarterly profit of 480.26 million dirhams and EFG Hermes expected earnings of 682.06 million dirhams. The largest listed developer in neighbouring Dubai, Emaar Properties, added 0.9 percent, helping lift Dubai's main index up 0.4 percent. But small and mid-sized shares were the chief gainers, with builder Arabtec, which has not yet reported quarterly earnings, advancing 2.3 percent. Telecommunication shares helped lift Qatar's blue chip index 0.2 percent. Vodafone Qatar was up 0.9 percent after the affiliate of Vodafone Group, reported a narrowing loss to 63.9 million riyals ($17.6 million) in the three months to Sep. 30. That compares with a loss of 113.6 million riyals in the prior-year period, and the forecast of a 94 million riyal loss from Arqaam Capital. Competitor Ooredoo, which reported last month a 51 percent slide in quarterly profit, rose 0.7 percent. More»
Amwal Al Ghad English - 2016-10-31 08:42:56
Stock markets in the Arab gulf consolidated in early trade Monday as Saudi banks, which had led the local bourse up for eight days after Riyadh's sovereign bond sale eased concern about tight liquidity in the economy, lost steam. The main Saudi stock index, which had gained 9.5 percent during the eight-day rally, edged down 0.03 percent in the first half-hour as the banking sector index fell 0.02 percent. The biggest lender, National Commercial Bank, continued climbing, however, adding 1.4 percent. On Sunday, it was by far the sector's top gainer, surging 7.7 percent in its heaviest trade since July 2015. The most heavily traded stock on Monday, telecommunications firm Zain Saudi, added 4.2 percent and rival Mobily rose 2.0 percent. Dubai's index edged up 0.3 percent but courier Aramex dropped 2.2 percent after its third-quarter earnings came in at the low end of expectations. Aramex reported a 3 percent fall in profit to 72.2 million dirhams ($19.7 million). EFG Hermes and SICO Bahrain had forecast 75.8 million dirhams and 77.1 million dirhams. Abu Dhabi's index added 0.5 percent, however, on the back of the two biggest banks, which plan to merge. National Bank of Abu Dhabi climbed 1.6 percent and First Gulf Bank 1.3 percent. Qatar was dragged down 0.2 percent as telecommunications operator Ooredoo lost 0.7 percent. It reported a 51 percent fall in third-quarter net profit to 370 million riyals ($101.6 million). The average forecast of three analysts polled by Reuters was for 499.3 million riyals. More»
Amwal Al Ghad English - 2016-10-25 09:58:21
Advances in several shares focused on domestic demand supported Saudi Arabia's stock market index during Tuesday’s early trade, while other Gulf bourses dropped, weighed down by the banking sector. The Saudi stock market index notched up 0.4 percent after half an hour of trade, heading for its fifth consecutive session of gains. Electronics and bookstore chain Jarir Marketing added 2.2 percent, building on Monday's 3.2-percent gain after Chairman Muhammad Alagil told Reuters that the retail sector's slump might be close to ending. Apparel retail operator Fawaz Alhokair, which had reported a net profit slump last week, was up 0.9 percent. On Monday the company said its chief executive was resigning, but has not yet named a successor. In Abu Dhabi, the index was down 0.2 percent as Abu Dhabi Islamic Bank (ADIB) fell 0.3 percent after the lender reported nearly flat third-quarter net profit on Monday. Profit came in at 508.9 million dirhams ($139 million), up 1.1 percent from a year ago; EFG Hermes had forecast 494.5 million dirhams. ADIB booked credit provisions and impairment charges totalling 267.7 million dirhams in the third quarter, compared to 193.0 million dirhams in the year-ago period. Peer First Gulf Bank, which is due to announce earnings on Wednesday, dropped 2.3 percent, heading for its fourth session of declines. In Dubai, the main stock index edged down 0.1 percent, hit by a 6.7-percent fall for Mashreqbank, which had reported a decline in net profit earlier this week. But Dubai Islamic Bank was up 0.6 percent, after reporting a 9.9 percent decline in net profit on Monday. Its chief executive said in a conference call the bank was "adequately capitalised... enough to meet our ambitions for 2017". In Doha, the index of the 20 most valuable shares lost 0.1 percent in thin trade with Qatar International Islamic Bank dipping 0.2 percent despite reporting a 2.2 percent rise in third-quarter net profit to 223.3 million riyals ($61.3 million); QNB Financial Services had forecast 221.8 million riyals. Oil drilling provider Gulf International Services, which has not yet reported earnings, underperformed the market, and was down 1.2 percent. More»