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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        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        Universal For Paper and Packag   4.94        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        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        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        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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 - 2017-06-28 19:11:04
European stock markets ended lower on Wednesday, as technology stocks slumped after weakness seen on Wall Street in the previous session. The pan-European Stoxx 600 was little changed, down 0.04 percent, with sectors and major bourses mixed. Europe's technology sector were among the worst-performers on Wednesday as jitters hit the market. In the U.S., the Nasdaq composite underperformed, falling 1.6 percent, as shares of Google-parent Alphabet declined more than 2 percent on Tuesday. The slump also follows a worldwide ransomware attack. The hack caused major disruption at banks and large firms including WPP, Moeller-Maersk, and Metro. Burberry dropped more than 3.4 percent, hitting the bottom of the benchmark after a Bloomberg report that it faces investors advisory groups' wrath on executive pay. In currency markets, the euro was volatile to monetary policy comments. The euro turned lower against the dollar, falling from a day's high, after media reports suggested that investors misjudged comments from President Mario Draghi of the ECB on Tuesday. At the end of the European session it had recovered ground, trading at $1.1355. Meanwhile, in the U.S., markets were higher with the Dow Jones industrial average jumping more than 100 points, with Goldman Sachs contributing the most gains. More»
Amwal Al Ghad English - 2017-06-28 19:04:59
Britain's main FTSE 100 stock index dropped on Wednesday, after Bank of England Governor Mark Carney said the bank was likely to need to hike interest rates and would debate this "in the coming months". The pound climbed a cent to $1.2943 after the speech's release, its strongest since June 9, the day of the results of Britain's parliamentary elections. That left sterling up around 1 percent on the day. Sterling also jumped 0.8 percent to 87.735 pence per euro. British government bond futures fell by 60 ticks after the BoE released the remarks and yields on 10-year gilts rose by 9 basis points to 1.184 percent, their highest since May 11. Five-year yields hit their highest since May 29 at 0.636 percent and two-year yields struck an eight-month high of 0.325 percent. Britain's FTSE 100 extended losses to trade 0.4 percent lower, while mid caps were down 0.2 percent. Speaking at a European Central Bank conference in Portugal, Carney said policymakers would need to look at the extent to which stronger business investment offset a slowdown in consumption, as well as growth in wages and labor costs. More»
Amwal Al Ghad English - 2017-06-28 06:53:01
European bourses are expected to open lower on Wednesday morning as investors digest comments from European Central Bank President Mario Draghi who suggested the central bank could taper its stimulus program this year. The FTSE 100 is on track to open 17 points lower at 7,415; the German DAX is seen opening down 65 points at 12,603; and the French CAC is set to open lower by 24 points at 5,232, according to IG. The euro was marginally higher ahead of Wednesday's opening bell, up 0.1 percent at $1.1347. The single currency had hit 10-month highs in the previous session after Draghi hinted the central bank could be prepared to scale back its monetary policy amid improving economic prospects in Europe. However, he iterated that any move would be gradual and said that support was still needed for a recovering euro area. Elsewhere, U.S. stocks accelerated their losses on Tuesday after Senate Republican leader Mitch McConnell moved to delay a planned vote on health care reform. Looking ahead, German Chancellor Angela Merkel will address the Christian Democratic Union (CDU) and Christian Social Union (CSU) congress to discuss digitalization at around 12.30 p.m. London. Meanwhile, Delivery Hero is expected to announce the final pricing of its Initial Public Offering (IPO) before shares for the global online food ordering and delivery marketplace firm are set to commence trading on June 30. The World Economic Forum in Dalian, China is scheduled to continue while the ECB's forum on central banking in Sintra, Portugal concludes on Wednesday. More»
Amwal Al Ghad English - 2017-06-22 06:32:32
European bourses are expected to be under pressure at Thursday's open, as European politics and price volatility in the oil market set the agenda for investors. The London FTSE 100 index is called to open two points lower at 7,445, the German DAX down 22 points at 12,752 and the French CAC off 16 points at 5,258, according to IG. Oil is expected to continue to be at the forefront of investors' minds on Thursday, as oil prices continue to fluctuate over concerns of a glut in the market. Prices oscillated between gains and losses prior to Europe's open, as glut concerns capped positive sentiment over a decline in U.S. stockpiles. At 6.25 a.m. London time, prices were trading around the flatline with U.S. crude sitting around $42.53 a barrel, while Brent hovered around $44.81. More»
Amwal Al Ghad English - 2017-06-21 17:34:10
U.S. stocks inched mostly lower Wednesday as oil prices failed to rebound from a sharp decline during the previous session. The S&P 500 dropped 0.15 percent as energy stocks fell 1.6 percent to lead decliners. The sector briefly erased losses after bullish supply data from the oil market was released. The Energy Information Administration said Wednesday that U.S. crude inventories decreased by 2.5 million barrels, lifting energy stocks and oil prices. "The bulls will tell you it's a supply issue, but look no further than China and you'll see lesser demand," said Nick Raich, CEO of The Earnings Scout, noting China's Shanghai composite is lagging other major stock indexes. Crude futures for August delivery pulled back 2.7 percent to trade at $42.35 a barrel. Oil prices fell more than 2 percent and entered a bear market Tuesday. "If we break below $40, all bets are off and the threat of inflation would be over," said Peter Cardillo, chief market economist at First Standard Financial. Oil was also on track to post its worst first-half performance since 1997. Crit Thomas, global market strategist at Touchstone Investments, said he is not overly concerned about oil's latest pullback, however. "We've already seen energy underperform for most of the year and that hasn't derailed the broader market," he said. The Dow Jones industrial average slipped 56 points, with Caterpillar contributing the most losses. UnitedHealth and Merck, however, helped cap losses. The Nasdaq composite outperformed, rising 0.5 percent as biotechnology stocks spiked higher. The major U.S. equity indexes closed lower on Tuesday as energy stocks faced pressure from oil's sharp fall, but the Dow managed to hit a record intraday high. Stocks have been on a tear this year, with the S&P rising more approximately 9 percent, largely led by information technology. The tech sector has jumped nearly 20 percent this year as shares of large-cap stocks in the space have risen sharply. Tech's rise has also boosted the Nasdaq composite, which is up 15 percent year to date. In economic news, mortgage applications rose 0.6 percent as interest rates remained low. Existing homes sales unexpectedly rose in May to the third highest monthly level in a decade, up 1.1 percent to a seasonally adjusted rate of 5.62 million units. Treasury yields traded slightly higher, with the 10-year Treasury yield near 2.17 percent. Overseas, European equities traded mostly lower, with the pan-European Stoxx 600 index slipping 0.26 percent. More»
Amwal Al Ghad English - 2017-06-21 17:33:15
European stocks ended lower Wednesday after subprime lender Provident issued a profit warning. The pan-European STOXX 600 was down 0.18 percent with most sectors and major bourses in negative territory. European stocks appeared to continue where they left off from the previous session on Wednesday with financial services and insurance stocks leading the losses. Britain's Provident slumped to the bottom of the benchmark on Wednesday after the firm issued a profit warning. The London-based company said it expects operational disruption from the reorganization of its home credit division to weigh on full-year profits. Its shares tumbled more than 17 percent. Elsewhere, Britain's Whitbread - which operates the Costa Coffee chain and Premier Inn hotels, said its group sales had increased 7.6 percent in the first three months of the year. The firm had previously warned of tougher trading ahead and said its performance up to June 2 had been in line with expectations. Its shares jumped more than 3 percent on the news. Meanwhile, as expected, oil was once again front and center on for both European bourses and markets overseas on Wednesday. Prices hovered near multi-month lows as investors discounted evidence of robust compliance by OPEC and non-OPEC producers with a deal to remove a global supply overhang. Brent crude traded $45.83 a barrel in afternoon trading, down 0.41 percent, while U.S. crude was around $43.40 a barrel, up 0.25 percent. On Wall Street, stocks traded mixed on Wednesday as oil prices tried to rebound from a sharp fall during the previous session. More»
Amwal Al Ghad English - 2017-06-21 06:11:08
Asian bourses traded mostly lower on Wednesday following MSCI's decision to add mainland Chinese stocks to its emerging markets index gradually and as oil prices slipped around two percent overnight. The Nikkei 225 declined 0.45 percent and the Kospi fell 0.61 percent. Australia's benchmark S&P/ASX 200 index tumbled 1.36 percent, dragged lower by its energy and materials sub-indexes which were down 2.11 percent and 2.34 percent respectively. Markets in greater China were mixed following MSCI's decision to include A-shares. The Hang Seng Index fell 0.55 percent, but mainland markets made modest gains. The Shanghai Composite rose 0.15 percent and the Shenzhen Composite edged higher by 0.05 percent. MSCI announced it would add China A-shares to its MSCI Emerging Markets Index after rejecting China's previous three attempts. The index giant said it will add 222 China A Large Cap stocks from next year. More»
Amwal Al Ghad English - 2017-06-21 05:59:23
European bourses are expected to open in the red on Wednesday, as investors gear up for news out of the U.K. while keeping a close eye on the oil market for any sharp price moves. The London FTSE 100 index is called to open 10 points lower at 7,462, the German DAX down 5 points at 12,810 and the French CAC off 11 points at 5,282, according to IG. Oil is expected to be front and center on Wednesday for both European bourses and markets overseas, after prices tumbled more than two percent on Tuesday on signs of rising production in key areas of the world. Investors on Tuesday were particularly troubled over the level of compliance by OPEC and non-OPEC countries to cut production, as new signs emerged that both Libya and Nigeria – who are both exempt from the production reduction deal – saw their oil output bounce back, adding to concerns of a glut in the market. Prices continued to be under pressure on Wednesday. More»
Amwal Al Ghad English - 2017-06-20 19:09:06
European bourses ended lower on Tuesday as oil prices fell to seven-month lows and investors digested comments concerning the U.K.'s interest rates from Bank of England Governor Mark Carney. The pan-European STOXX 600 pared almost all of its gains from earlier in the session, closing 0.58 percent lower on Tuesday afternoon. All major bourses and almost all sectors - bar food and beverages - ended the day in negative territory. Sterling hit a one-week low of $1.2660 early Tuesday after the Bank of England's Mark Carney said now was not the time to raise rates. The comments dashed the hopes of some investors who had been expecting the U.K.'s central bank to adopt a more hawkish tone. The losses continued further into the afternoon, causing the British currency to close at $1.2620, paring all gains seen on Monday when Brexit talks officially commenced. Oil prices dipped to their weakest level since last November on Tuesday after news of increases in supply, a trend which continues to undermine OPEC's efforts to support the market through reduced output. Brent crude traded $45.72 a barrel in afternoon deals, down 2.47 percent, while U.S. crude was around $42.71 a barrel, down 2.92 percent. The oil and gas sector slumped more than 2 percent on the news, with Tullow Oil sliding 4.8 percent. Basic resources, too, slipped almost 3 percent, with Antofagasta and Glencore among the biggest losers. Media stocks were among the top performers in early deals, though fell flat along with other sectors by the close of play. German broadcaster proSiebanSat.1 announced plans to sell Etraveli to CVC Capital Partners on Tuesday morning. Its shares were nearly 2 percent higher on the news. Meanwhile, German lighting company Osram soared to the top of the benchmark after Bankhaus Lampe raised its rating on the firm to "buy" from "hold", according to a Reuters report. Shares spiked by almost 4 percent in early afternoon deals. Pizza delivery business Domino's fell to the bottom of the benchmark Tuesday afternoon after Investec lowered its outlook for the stock to a "sell" rating, citing challenges ahead from discounters and market newcomers. The stock was down 6.4 percent. Barclays' shares were under pressure on Tuesday following news that the bank and four former executives had been charged with fraud over fundraising in Qatar. U.S. markets meanwhile were lower as investors turned their attention to tax reform announcements. The Confederation of British Industry (CBI) released its latest economic forecast, saying it expected the U.K. to see a "steady but subdued economic growth" over the next few years. More»
Amwal Al Ghad English - 2017-06-20 06:49:50
Asian indexes turned mixed on Tuesday as markets awaited MSCI's decision on the potential inclusion of mainland Chinese stocks, even as the dollar strengthened. The Nikkei 225 surged 1.1 percent and South Korea's benchmark Kospi index edged 0.03 percent higher. Down Under, the S&P/ASX 200 reversed earlier gains to trade lower by 0.4 percent. Markets in greater China were mixed, with Hong Kong's Hang Seng Index off by 0.05 percent. On the mainland, the Shanghai Composite edged higher by 0.02 percent and the Shenzhen Composite advanced by 0.383 percent. Investors are keeping an eye on the decision on whether to include China A-shares in the MSCI Emerging Markets Index. This will be China's fourth attempt at MSCI inclusion, after being passed over the first three times. More»