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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        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        Egyptians Housing Development    1.94        United Arab Shipping   0.43        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 - 2018-04-19 17:23:17
European stock markets ended mixed on Thursday afternoon as investors reacted to fresh earnings and soaring oil prices. The pan-European Stoxx 600 closed at 0, with major bourses and business sectors pointing in different directions. Europe's household goods led the losses, tumbling throughout the day to close 1.9 percent lower. Unilever was among the sector's worst performers after the Anglo-Dutch consumer goods giant reported sales figures that were largely in line with expectations during the first three months of the year. The maker of Dove soap also said it remained confident shareholders would support its decision to change the corporate structure of the firm. Shares of Unilever closed roughly 2.2 percent in the red. Meanwhile, media stocks rallied during the day's trade, closing 1.7 percent higher. France's Publicis Group posted better-than-expected underlying sales growth in the first-quarter on Thursday, supported by a bounce in North American activities. Its shares closed 7.4 percent to the upside, topping the European benchmark. Britain's Weir Group was the third best performing stock, with its shares closing 6.2 percent higher. The firm, which makes pumps and valves for mining and energy industries, announced it would try to purchase U.S.-based ESCO Corp for an equity value of over $1 billion. Irish drug-maker Shire performed well following news that the firm's board had rejected a takeover bid from Japanese pharma company Takeda. Talks between the two companies remain ongoing. Shire's shares closed up 5.9 percent, though they had traded even higher earlier on in the afternoon. Swiss engineering firm ABB also saw a strong day's trading, with shares closing 4.6 percent in the green. The company released its first quarter earnings report Thursday which revealed a better-than-expected first quarter net profit of $572 million, beating forecasts of $562 million in a Reuters poll of analysts. More»
Amwal Al Ghad English - 2018-04-19 05:48:03
Markets in Asia tracked modestly higher on Thursday amid improved investor sentiment after U.S. stocks notched gains in the last session. The Nikkei 225 added 0.28 percent, with the materials sector contributing to gains. The Topix subindexes for steel and non-ferrous metals were among the best-performing sectors, rising 2.78 percent and 3.06 percent, respectively. In Seoul, the Kospi firmed as the trading session wore on, with the index last higher by 0.31 percent amid gains in steelmakers and other manufacturing names. Technology stocks were mixed, with Samsung Electronics, an index heavyweight, was up 2.61 percent. Greater China markets advanced: Hong Kong's Hang Seng Index rose 1.28 percent, with the energy sector jumping 3.67 percent as large cap oil producers gained on the back of the surge in oil prices. Materials stocks surged 3.91 percent. Mainland markets also climbed, with the Shanghai composite adding 0.97 percent and the Shenzhen composite rising 0.94 percent. Over in Sydney, the S&P/ASX 200 edged higher by 0.28 percent. Materials stocks rose after overnight gains in the metals markets on Russia sanction worries, with mining major Rio Tinto jumping 2.75 percent. The move higher in Asia followed the stronger lead from Wall Street, where robust earnings continued to buoy markets. Both the S&P 500 and the Nasdaq composite notched slim gains on Wednesday, although the Dow Jones industrial average slipped, weighed down by a decline in IBM shares. Some 79 percent of S&P 500 companies that had reported as of Wednesday morning had topped expectations, according to Thomson Reuters I/B/E/S. Investors also took a meeting between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe in their stride after the two leaders pledged to begin trade talks. "The [Japanese] market welcomed the atmosphere President Trump and Prime Minister Abe made in the joint press conference this morning," said Masayuki Kubota, chief strategist at Rakuten Securities, adding that Japanese exporters were "sure to benefit" from any free trade agreements between the countries. Oil prices extended gains after jumping almost 3 percent to their strongest levels since late 2014 in the last session on data that showed a drop in U.S. crude inventories. U.S. West Texas Intermediate crude futures gained 0.58 percent to trade at $68.87 per barrel and Brent crude futures advanced 0.64 percent to $73.95. The dollar index, which tracks the greenback against a basket of currencies, was mostly steady at 89.644. Against the yen, the dollar extended overnight gains to trade at 107.39 at 12:12 p.m. HK/SIN. Meanwhile, the British pound was on the back foot after slipping in the last session on the back of March U.K. inflation coming in at a one-year low. The currency last traded at $1.4199 after touching a post-Brexit high earlier this week. While cooling inflation pressure in March "will not be enough to dissuade the Bank of England from raising rates at the May meeting," a continued fall will "question the necessity for further rate increases in November," Elias Haddad, senior currency strategist at Commonwealth Bank of Australia, said in a note. Among individual movers, miner BHP advanced 2.66 percent after announcing an 8 percent increase in third-quarter iron ore production, although it also slightly cut fiscal year 2018 guidance for iron ore. Elsewhere, shares of Korean Air Line fell 3.34 percent amid Reuters headlines that police had raided the company's offices as part of an investigation into Chairman Cho Yang-ho's daughter. Meanwhile, telecommunications equipment maker ZTE said it would postpone reporting first-quarter earnings, originally due on Thursday, pending a review on the effect a U.S. ban would have on the company, in a filing to the Hong Kong exchange. More»
Amwal Al Ghad English - 2018-04-19 05:43:53
European markets are set to rise on Thursday morning, as soaring oil prices triggered a broader rally across commodities. The FTSE 100 is seen 12 points higher at 7,321, the CAC is expected to open up around 13 points at 5,392 and the DAX is poised to start 11 points higher at 12,607, according to IG. Oil prices hit highs not seen since late 2014 on Thursday, following reports OPEC kingpin Saudi Arabia would be content to see crude prices surge up to $100 a barrel over the coming months. This appeared to embolden a view among price hawks that Riyadh would continue to seek no changes to a global supply-cutting deal despite major producers edging closer to the agreement's original target. Another catalyst for an uptick in crude futures was thought to stem from the prospect of sanctions on Russia. Elevated fears that sanctions could hit supplies lifted aluminum and nickel prices to multi-year highs on Thursday. Elsewhere, the International Monetary Fund (IMF) said Wednesday that governments worldwide should take action to try to reduce their indebtedness while the going is relatively good. The Washington D.C.-based institute said lawmakers should seek to build buffers and cut public debt levels in order to tackle "challenges that will unavoidably come in the future." Meanwhile, Asian equities rallied on the back of soaring energy stocks. MSCI's broadest index of Asia-Pacific shares, excluding Japan, was up almost 1 percent — led higher by a 2.9 percent rise in basic materials. Back in Europe, Vivendi, ABB and Unilever are among the major companies set to release their latest figures on Thursday morning. On the data front, Germany's Ifo economic institute is due to publish its business climate index at around 9 a.m. London time. More»
Amwal Al Ghad English - 2018-04-18 06:29:26
Markets in Asia traded mostly higher on Wednesday, as investor confidence stayed firm on the back of Wall Street's advance following strong earnings. In Japan, the Nikkei 225 rose by 1.16 percent and the broader Topix added 0.83 percent. Gains were broad-based, with retailers, utilities and technology among the rising sectors. Across the Korean Strait, the benchmark Kospi advanced 1.23 percent, driven by gains seen in manufacturing stocks and brokerages, among others. The technology space was mixed, although index heavyweight Samsung Electronics soared 2.56 percent. Hong Kong's Hang Seng Index pared some of the prior session's declines, last trading higher by by 1.07 percent. Mainland markets tracked lower, with the Shanghai composite off by 0.03 percent and the Shenzhen composite slipping 0.37 percent. Despite the broader decline, bank stocks rose after China's central bank said Tuesday it was cutting the reserve requirement ratio by 100 basis points for some banks. More»
Amwal Al Ghad English - 2018-04-18 06:09:21
European markets are set to open higher on Wednesday morning, as investors monitored a fresh batch of corporate earnings and economic data. The FTSE 100 is seen 6 points higher at 7,242, the CAC is expected to open up around 5 points at 5,366 and the DAX is poised to start 13 points higher at 12,607, according to IG. In Asia, equities crept higher on Wednesday after China's central bank unexpectedly announced it would reduce the amount of cash lenders could hold as reserves. The move was seen as an attempt to bolster liquidity in Beijing's banking system. MSCI's index of Asia-Pacific shares, excluding Japan, was around 0.5 percent higher. Meanwhile, investor confidence in the global economy appeared to deteriorate slightly after the International Monetary Fund (IMF) said Tuesday that medium-term risks were tilted towards the downside. The Washington D.C.-based institute cited financial vulnerabilities, geopolitical tensions and trade tariffs as potential headwinds over the coming months. However, the IMF left its worldwide growth forecasts unchanged for 2018 and 2019. Back in Europe, Danone, Vopak and Rio Tinto were among the major companies set to release their latest figures on Wednesday morning. On the data front, a final estimate of the euro area's March inflation rate is expected to be published at around 10 a.m. London time. More»
Amwal Al Ghad English - 2018-04-17 06:10:43
Most Asian markets drifted lower on Tuesday as investors digested the release of better-than-expected China data. The dollar was also broadly steady after slipping on the back of an overnight pick up in investor confidence amid fading geopolitical concerns. In Tokyo, the Nikkei 225 was little changed and last edging higher by 0.01 percent. The broader Topix was off by 0.22 percent, as the oil sector recorded gains amid declines seen in most other sectors. Over in Seoul, the Kospi shed 0.1 percent despite automakers climbing. Down Under, the S&P/ASX 200 drifted higher by 0.27 percent as all its subindexes traded in the green. Greater China markets were lower after the release of key data on Tuesday, but had pared some of the steeper declines seen earlier in the session. Hong Kong's Hang Seng Index eased 0.08 percent, as slight gains in the technology sector were offset by declines in property and industrials stocks. The Shanghai composite was last off by 0.12 percent and the Shenzhen composite edged down by 0.48 percent. China's economy grew 6.8 percent in the first quarter of 2018, the country's statistical bureau said. The figure beat an estimate of 6.7 percent on year growth projected in a Reuters poll. Tentative moves in the region came despite U.S. stocks closing higher in the last session as investors shifted their attention from geopolitical tensions to strong corporate earnings releases. Expectations for earnings season stateside are high, with first-quarter results projected to rise 18.6 percent compared to one year ago, according to Thomson Reuters I/B/E/S data. U.S. markets had advanced in the previous session after last week's U.S.-led airstrikes in Syria in response to a likely chemical attack there earlier in April. Investors were apparently calmed by top defense officials' characterization of the strikes as a "one time shot." Trade tensions also continued to simmer, having taken a backseat in recent sessions. The U.S. Department of Commerce imposed a denial of export privileges against China's ZTE, a telecommunications equipment company. The ban stops U.S. companies from selling to ZTE for seven years, Reuters reported, and comes after the Chinese firm failed to adhere to an agreement with the U.S. government after it illegally shipped equipment to Iran and North Korea, U.S. officials said. ZTE shares in Hong Kong and Shenzhen were halted from trade on Tuesday, pending an announcement. In individual movers, Hyundai Motor was up 2.61 percent, outperforming the South Korean market. The advance in Hyundai came amid Reuters headlines that a unit of Elliott Management, which owns more than $1 billion in shares of Hyundai affiliates, was supportive of the automaker's reorganization plans. Meanwhile, the dollar was steady against a basket of currencies after investor confidence firmed overnight, with the dollar index last at 89.428. The greenback extended losses against the yen, trading at 107.05 at 10:26 a.m. HK/SIN, compared to levels above the 107.1 handle seen on Monday. Of note, the pound rose as high as $1.4355 during the session, the currency's strongest levels since Brexit. On the commodities front, oil prices were moderately higher after Monday's fall. U.S. West Texas Intermediate crude futures added 0.45 percent to trade at $66.52 per barrel and Brent crude futures edged up 0.32 percent to $71.65. More»
Amwal Al Ghad English - 2018-04-17 05:53:13
European markets are set to open higher on Tuesday morning, tracking modest overnight gains after data showed China's economy grew slightly more than anticipated in the first quarter. The FTSE 100 is seen 5 points higher at 7,209, the CAC is expected to open up around 18 points at 5,324 and the DAX is poised to start 62 points higher at 12,450, according to IG. Asian equities edged higher on Tuesday, after official data showed the world's second-largest economy grew at 6.8 percent during the first three months of the year. MSCI's index of Asia-Pacific shares, excluding Japan, was around 0.1 percent higher on the news. Global investor confidence appeared to improve on Tuesday following speculation joint missile strikes by Western powers into Syria would not lead to a prolonged offensive. On Saturday, the U.S., U.K. and France launched more than 100 missiles targeting Syrian government sites in a response to a likely poison gas attack in the country earlier this month. Back in Europe, L'Oreal, AB Foods and TomTom were among the major companies set to release their latest figures on Tuesday morning. Meanwhile, on the data front, the euro zone's largest economy is expected to report its monthly economic sentiment index on Tuesday. Germany's ZEW institute is poised to release the data for April at around 10 a.m. London time. More»
Amwal Al Ghad English - 2018-04-16 05:56:31
Asian markets traded mixed on Monday, as investors digested geopolitical tensions on the back of U.S.-led airstrikes on Syria last week. Japan's Nikkei 225 rose 0.21 percent as the broader Topix added 0.28 percent. The financials sector was weaker, while pharmaceuticals and precision machinery stocks contributed to overall gains. In South Korea, the benchmark Kospi gave up early gains to slip 0.12 percent. Technology shares were a mixed picture, with Samsung Electronics gaining 0.96 percent, while manufacturing stocks were mostly lower. Meanwhile, Australia's S&P/ASX 200 tacked on 0.19 percent, with energy and utilities stocks among the top-performers. Greater China markets underperformed their regional peers. Hong Kong's Hang Seng Index slid 1.47 percent as financials and technology names took a hit. On the mainland, the Shanghai composite and Shenzhen composite lost 1.5 percent and 0.67 percent, respectively. The blue chip CSI 300 index, meanwhile, fell 1.6 percent. More»
Amwal Al Ghad English - 2018-04-16 05:51:34
European markets are set to open higher on Monday morning, as investors appeared to expect U.S.-led missile strikes in Syria to contain Middle East tensions for the time being. The FTSE 100 is seen 1 point higher at 7,266, while the CAC is expected to open up around 21 points at 5,332 and the DAX is poised to start 53 points higher at 12,497, according to IG. On Saturday, the U.S., U.K. and France launched more than 100 missiles targeting Syrian government sites in response to a suspected poison gas attack in Douma earlier this month.The joint missile strikes prompted Russian President Vladimir Putin to warn western powers that further attacks on the war-torn country could bring chaos to world affairs. Putin's comments followed reports that Washington is poised to increase pressure on Moscow with fresh economic sanctions on Monday. The U.S. administration is expected to try and punish Russia for propping up the regime of Syrian President Bashar Assad. In commodity markets, oil prices slipped amid ongoing tensions in the Middle East. Brent crude futures were off by more than 1 percent at $71.85 on Monday morning, while WTI was down 0.85 percent at $66.81. More»
Amwal Al Ghad English - 2018-04-14 06:59:38
European equities closed marginally higher Friday afternoon. The pan-European Stoxx 600 closed 0.12 percent up with all major bourses above the flat line, although business sectors revealed a mixed bag. Basic resources was easily the top gainer mid-afternoon, closing around 1.4 percent higher. Stora Enso rose during the final hours of trading to finish 3.6 percent in the green after reporting higher-than-expected first-quarter profits. Retail was the worst performing sector, dropping during late deals to close 0.8 percent to the downside. British stationer WHSmith dragged the sector lower and closed 6.5 percent down. The firm reported a 1 percent drop in interim pre-tax profit for the six months to February 28 earlier this week as the U.K. retail space remains under pressure. Tech stocks closed slightly lower, down by 0.17 percent. Sage was easily the sector's worst performer. The British software company closed the week 8.2 percent in the red after it issued a profit warning. Looking across the index, shares of the European shopping center landlord Klepierre hit the top spot for most of the day — ultimately closing fourth, up 3.6 percent — after it stepped back from buying Hammerson. The latter closed 9 percent lower, foundering at the bottom of the benchmark. Meanwhile, Intu, another shopping center real estate company, topped the index to close 4.2 percent up. Hammerson is now clear to press ahead with a takeover, which could create the U.K.'s largest property company, according to the Guardian. Volkswagen has appointed a new chief executive, Herbert Diess, as the company moved ahead with its overhaul plan. The shares closed 0.4 percent higher. Meanwhile, a joint venture between Thyssenkrupp and Tata Steel will be delayed, Reuters reported, so labor agreements can be concluded. Media reports also said that U.S. hedge fund Elliott Management has taken a stake in Micro Focus. The stock closed 3.2 percent to the upside. U.S. stocks traded lower on Friday as bank shares gave up their initial gains. The major averages were still on track to post strong weekly gains, however. The Dow Jones industrial average fell 124 points, with J.P. Morgan Chase as the worst-performing stock in the index. The S&P 500 declined 0.4 percent as financials dropped 1.6 percent. The Nasdaq composite pulled back 0.6 percent. Citigroup, Wells Fargo and J.P. Morgan Chase all reported quarterly earnings and revenue that surpassed analyst expectations. Bank shares initially traded higher before falling more than 2.5 percent, as the strong results were already priced in. Overall, market sentiment was slightly calmer from previous sessions as geopolitical concerns eased. President Donald Trump tweeted Thursday that he had never said an attack on Syria would be imminent. "Could be soon or not soon at all," Trump said. More»