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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Northern Upper Egypt Developme   4.93        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        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        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        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        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        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 - World

Amwal Al Ghad English - 2017-04-29 07:11:13
European markets closed lower on Friday as investors reacted to fresh earnings and geopolitical tensions.The pan-European Stoxx 600 ended down 0.18 percent with most sectors in negative territory. The European stocks benchmark moved 2.36 percent higher on the week. The French CAC 40 ended the trading week over 4.2 percent higher on the back of centrist presidential candidate, Emmanuel Macron's first round victory in the French election. While Germany's DAX surged 3.2 percent and the U.K.'s FTSE 100 moved up 1.4 percent for the week. Telecom stocks were the worst performers on Friday.Commerzbank analysts suggested the reportedly lower risk of far-right presidential victory in France could see a merger between Orange and Bouygues Telecom.On the other hand, basic resources stocks led the gains on positive sentiment in the copper industry.However, corporate earnings remained investors main focus on Friday as a number of banks reported their latest figures. UBS said Friday its net income rose 79 percent in the first quarter of this year. The bank's shares ended up over two percent on Friday. More»
Amwal Al Ghad English - 2017-04-29 06:56:16
Asian markets traded weaker on Friday as comments from President Donald Trump on an existing free trade pact with Seoul to payment for a sophisticated anti-missile system caught investors by surprise.South Korea's Kospi index, initially in the green, dipped on news that Trump was threatening to terminate a trade agreement with the country. Trump also warned that conflict with North Korea was possible, even though he said he preferred a peaceful resolution.South Korean officials told Reuters that the U.S. government had not yet "requested anything" from them regarding the agreement. The Kospi closed 0.18 percent or 4.02 points down at 2,205.44. Dollar/won traded lower after Trump's remarks, with the greenback fetching 1,136.35 won. More»
Amwal Al Ghad English - 2017-04-27 17:11:07
European stocks fell on Thursday for the first time in seven sessions, with Deutsche Bank AG shares falling despite a leap in profit, and as European Central Bank President Mario Draghi offered no major surprises as he discussed the outlook for monetary policy. The Stoxx Europe 600 closed down 0.2% at 387.80, trimming its weekly advance to 2.6%. The index on Wednesday rose 0.5% to end at its highest since August 2015. European stocks traded lower already from the open on Thursday after the unveiling of U.S. President Donald Trump’s plan for tax cuts and changes on Wednesday, with some analysts saying the outline lacked detail. The march of earnings reports continued Thursday. Deutsche Bank shares pulled back 3.7% after the German lending heavyweight’s profit doubled in the first quarter, but revenue came in roughly flat when adjusted for the impact of credit spreads. More»
Amwal Al Ghad English - 2017-04-27 12:31:42
Among departures from the Singapore stock Exchange (SGX) over the past year, a number of companies stood out for these common characteristics: they come from China and were among mainland firms that contributed to the flurry of initial public offerings (IPOs) in the city state about a decade ago. Chinese companies listed in Singapore, known as S-chips, led the local IPO market from 2005 to 2007 before such listings came to a halt in mid-2012. In recent months, those firms have left the SGX in greater numbers voluntarily or after failing to meet listing requirements, according to exchange filings compiled by CNBC. CNBC found that six of the 10 firms that delisted from the exchange this year are Chinese firms, compared to eight who did so the whole of last year. Real estate developer China New Town Development, which delisted from SGX in February but remain listed in Hong Kong, said exiting Singapore will lead to savings in compliance costs and management resources. "A single listing may help to consolidate the trading of the shares and lead to further liquidity, which would broaden the shareholder base and enhance the attraction of the company as an investment target. Such liquidity is typically an important consideration for market indices in determining their constituent stocks," the firm said in a statement. Max Loh, EY managing partner for Asean and Singapore, said it makes sense for companies such as China New Town Development to build product and brand recognition closer to their home market. He also noted that S-chips may not have seen the interest they were seeking from investors in Singapore. "There is the perception that they are not garnering sufficient value and interest from investors on the SGX. In addition, the historical unfavorable experiences with certain S-chip companies continue to cast a pall over the entire slate of companies in this space," he said. Loh was referring to the accounting fraud and other corporate scandals among a few S-chips that rocked the Singapore stock market in the early 2010s, tarnishing the reputation of Chinese companies, which saw their share prices collapsing in the aftermath of the episode. Questionable corporate governance and accounting practices have since led to the SGX placing many S-chips on its watch list for close monitoring. Several firms were subsequently asked to delist after failing to meet listing requirements. "The exchange will take action if the company does not satisfy the minimum financial performance over a certain period of time… In addition, since bearish market generally happens with poor economic performance, financial performance of these companies also will be poor. Thus, these companies may decide to delist and go private," said Sundaram Janakiramanan, a finance professor at Singapore University of Social Sciences. That episode also resulted in the slowdown in the number of IPOs by Chinese firms, which favored Hong Kong over Singapore. But the growing list of Chinese firms leaving the SGX has not affected the appeal of the city state's capital market, said SGX CEO Loh Boon Chye. He said the exchange remains one of the most international exchanges globally with around 40 percent of listed firms coming from outside Singapore. Companies from China have also returned to list on the SGX, noted the exchange's equities and fixed income head, Chew Sutat. There are over 100 S-Chips out of some 800 stocks listed in Singapore. "There have been some smaller-name companies that have been delisted, but just in the last half year, we've had EC World REIT, China Jinjiang Environment Holding, Dasin Retail Trust and each of them is between half and a million (Singapore dollars) in market cap, which is far larger than those delisted in the last half year," Chew said. More»
Amwal Al Ghad English - 2017-04-27 12:13:42
Stock markets in Europe traded lower on Thursday morning as investors waited to hear from European Central Bank President Mario Draghi and digested fresh corporate earnings. The pan-European Stoxx 600 was 0.35 percent lower with most sectors trading in negative territory. Basic resources and media stocks were the worst performers in mid-morning trade. The former was impacted by lower commodity prices with Chinese iron ore futures down for a third session out of four. Meanwhile, the world's largest add firm WPP said Thursday that sales were held back in North America, where the firm lost key contracts. Nonetheless, the advertising group reported a 0.8 percent increase in like-for-like net sales in the first quarter. Its shares moved slightly lower in early deals. Insurance stocks were also heading south in mid-morning trade on earnings and rating reviews. Scor reported a lower net income at 140 million euros ($152 million). Credit Suisse put the insurer Legal & General on a under-performing rating. The firm dropped 5 percent, becoming one of the worst performing stocks in mid-morning trade. Moody's also warned Wednesday that low-interest rates posed risks to global insurance firms. Looking at individual stocks, the Finnish oil refining firm Neste was at the bottom of the European benchmark, down by nearly 6 percent. This was after the company reported weak margins in renewable and retail products. On the other hand, international private hospital group Mediclinic rose to the top of the benchmark, up by 18 percent. The London-based group stands to benefit as the Abu Dhabi health authority scraps a 20 percent co-payment requirement at private hospitals. Furthermore, the Norwegian seabed-to-surface engineering firm Subsea rose nearly 8 percent after reporting an increase in revenue for the first quarter. More»
Amwal Al Ghad English - 2017-04-26 06:50:22
Asian indexes traded higher on Wednesday, following the rise in U.S. indexes overnight on the back of strong earnings announcements and on expectations for U.S. President Donald Trump's impending tax reforms. Stocks in Asia climbed higher across the board. Japan's benchmark Nikkei 225 index edged up 0.73 percent, while the Kospi registered a gain of 0.33 percent. The ASX 200 rose 0.62 percent. Markets in greater China were higher with the Hang Seng Index up by 0.58 percent, and the Shanghai Composite inched up by 0.36 percent, while the Shenzhen Composite rose 0.323 percent. In the U.S., stocks soared as McDonald's and Caterpillar reported solid earnings, with the Nasdaq surpassing the 6,000 mark for the first time. The Dow Jones industrial average surged 1.12 percent or 232.23 points to close at 20,996.12. More»
Amwal Al Ghad English - 2017-04-26 05:54:54
European bourses are expected to open on a positive footing on Wednesday as investors focus on earnings, monetary policy and a tax announcement in the U.S. The FTSE 100 is set to open 0.8 points higher at 7,273, the DAX is seen 6 points higher at 12,476 and the CAC 40 is projected to open 8 points higher at 5,284. Markets continue to benefit from the outcome of the first round of the French presidential election, which gave further confidence to investors on the stability of the euro zone. But their main focus should be on earnings with the London Stock Exchange, Standard Chartered, Fiat, Daimler, Peugeot and Tullow Oil among the companies reporting this Wednesday. More»
Amwal Al Ghad English - 2017-04-22 07:15:30
Asia markets were mostly higher on Friday after a strong session in the U.S. amid caution following a suspected terrorist shooting in Paris ahead of the first round of the presidential election at the weekend. One policeman was killed and two were injured after a gunman opened fire in central Paris on Thursday night. The shooting took place just before voters head to the polls in a tightly contested presidential race, with centrist Emmanuel Macron and far-right candidate Marine Le Pen leading the pack ahead of the first round of voting with none of the candidates expected to command the 50 percent needed to win outright, leading to a second round runoff on May 7. Either way, the result of the election is unlikely to result in France leaving the European Union, Mizuho Bank Senior Economist Vishnu Varathan said in a Friday morning note. More»
Amwal Al Ghad English - 2017-04-22 07:08:32
European markets closed mixed on Friday after a suspected terrorist attack in France two days before a key presidential vote. The pan-European Stoxx 600 ended marginally higher with sectors and major bourses pointing in opposite directions. The European stocks benchmark was little changed on the week. The FTSE 100 ended the week 2.8 percent lower after U.K. Prime Minister Theresa May called a surprise general election. The DAX slipped 0.5 percent and the CAC 40 dipped 0.17 percent for the week. Basic resources stocks moved higher on Friday after positive earnings reports in the sector. An advance for Chinese steel companies appeared to offset the impact of a trade investigation into China from U.S. President Donald Trump. More»
Amwal Al Ghad English - 2017-04-22 06:52:29
U.S. stocks closed lower in choppy trade Friday as investors looked ahead to the French election. Wall Street also digested falling oil prices and comments from the Trump administration on tax reform. The Dow Jones industrial average fell about 30 points with IBM contributing the most losses. The index briefly turned positive in afternoon trade after President Donald Trump told The Associated Press his administration will unveil a massive tax cut in a new reform, though the timing of that package was unclear. The S&P 500 declined 0.3 percent, with telecommunications falling more than one percent to lead decliners. More»