amwalalghad :: World

Your English Portal To Arab Economy

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        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 - 2017-02-08 07:25:47
European stocks closed higher as earnings and economic data continued to be the main focus for investors. The pan-European Stoxx 600 ended 0.32 percent higher with most sectors in positive territory. Basic resources were the best performers on Tuesday after higher base and precious metals prices while oil and gas stocks closed more than 1.48 percent lower. BNP Paribas posted lower than expected net profits in its fourth quarter after a 127 million euro ($135 million) writedown on its Polish branch. Its shares were down by 4.7 percent, with Pandora at the bottom of the European benchmark. Auto stocks recovered slightly although ended 0.47 percent down after French authorities sent an emission case probe to prosecutors involving Fiat Chrysler. More»
Amwal Al Ghad English - 2017-02-08 07:09:10
U.S. equities closed mixed on Tuesday as energy capped gains, while investors focused on a slew of corporate earnings reports. The S&P 500 ended just above breakeven, with energy falling more than 1 percent to lead decliners. Crude futures for March delivery fell 1.58 percent to settle at $52.17 per barrel amid concerns of higher U.S. shale production. "Today, as opposed to two years ago, we're looking at a commodity that's not in short supply. That makes it a lot less of a long-term investment," said Maris Ogg, president at Tower Bridge Advisors. "This is really like a growth company that fesses up that it can't grow anymore," Ogg added. More»
Amwal Al Ghad English - 2017-02-08 06:03:38
Asian markets traded mostly lower on Wednesday morning, as oil prices remained under pressure after data overnight showed a build-up in U.S. crude inventory. In Japan, the Nikkei Stock Average fell 0.19 percent, while across the Korean Strait, the Kospi was down 0.83 percent. Hong Kong's Hang Seng Index was down 0.46 percent, while Chinese mainland shares were also lower. The Shanghai composite was down 0.37 percent and the Shenzhen composite fell 0.29 percent. More»
Amwal Al Ghad English - 2017-02-07 11:24:29
Singapore Exchange has held negotiations with Saudi Aramco on a secondary listing, two sources familiar with the matter told Reuters on Monday, after the oil and gas company suggested last week it would likely simultaneously list on more than one exchange. The planned listing next year of up to 5 percent of Aramco is expected to be the world's biggest initial public offer (IPO). Saudi Energy Minister Khalid al-Falih said last week the company was evaluating concurrent listings on more than one exchange. The sources told Reuters that the SGX talks were still at an early stage as Saudi Aramco reviews several markets including New York, London, Hong Kong and Japan. "This transaction is very open and in the public space. The key thing is there is quite a bit of time for due diligence and SGX is keen to play up its international appeal in this sector," said one source. The Singapore Exchange woudn't confirm that it is in talks with Aramco, but the stock exchange is talking up its credentials as the global competition for the IPO heats up. "SGX is the world's most international exchange and offers unique access to South East Asia's markets," an SGX representative told CNBC in an emailed statement. "Singapore is a well-regulated international financial center with strong corporate governance," the SGX statement added. Aramco, which is slated to list in 2018, could also interest Singapore's sovereign wealth fund GIC, another source told Reuters, but a decision on the size of stake would depend on Aramco's financial details and valuation. Saudi Aramco and GIC declined comment. The SGX Pitch SGX has been positioning itself as a global competitor for lucrative secondary listings, touting Singapore's stable political environment, robust currency and strong regulatory framework as compelling fundamentals. But the competition around the world is strong, and experts say SGX may need to do more to raise its global profile and further improve liquidity to effectively compete. The exchange has taken measures to boost market liquidity and attract large IPOs but it has mostly become a large Asian center for Real Estate Investment Trusts listings. But it's also playing up its credentials as a major oil-trading hub, the largest after New York and London, as well as Asia's swing refining center and an emerging LNG trading hub. Singapore is home to 80 percent of the top 30 oil and gas companies. Last November, SGX and Japan's TOCOM announced they would join forces in order to co-list Asian LNG and electricity futures. Singapore has so far been seen to lack a big enough consumer base to warrant a real trading hub, although investors and market participants appreciate Singapore's well established trading regulations, as well as the fact that English is its operating language. More»
Amwal Al Ghad English - 2017-02-07 11:20:02
Stock markets in Europe were hovering around the flatline this Tuesday as earnings and data continue to be the main focus for investors. The pan-European Stoxx 600 was 0.3 percent higher with most sectors trading positive. Basic resources led the gains on higher base and precious metals prices while banking stocks became the worst performers in mid-morning deals on earnings reports. BNP Paribas posted lower-than-expected net profits in its fourth quarter after a 127 million euro ($135 million) writedown on its Polish branch. More»
Amwal Al Ghad English - 2017-02-07 06:17:24
Asian markets were negative on Tuesday following the sluggishness in global equities amid risk-off sentiment. Spot gold- viewed as a safe-haven asset, was trading at $1,233.56 per ounce- up for the fifth straight session and at a three-month high. The Japanese yen- another safe-haven play due to its large current account surplus- has appreciated strongly against major currencies. "Investors are nervous about the economy and President Trump's policies," said Kathy LIen, managing director of FX strategy for BK Asset Management, in a late Monday note. More»
Amwal Al Ghad English - 2017-02-06 11:07:46
Stock markets in Europe started the week lower as investors carefully weighed U.S. President Donald Trump's policies and focused on corporate earnings. The pan-European Stoxx 600 was 0.32 percent lower with most sectors trading negative. Autos were the worst performing sector in early trade, down by more than 0.7 percent. Basic resources edged up 0.9 percent on earnings news. The gold mining business Randgold Resources was at the top of the European benchmark, up by 4 percent after reporting a 76 percent increase in its fourth-quarter profits. Glencore has reportedly extended a deal with Libya's state oil company to ensure it is the sole marketer for one third of the current crude oil proudction in the country, Reuters reported. Its shares were up by more than 1.4 percent in early trade. Ryanair said Monday that average fares dropped in the last quarter of 2016, but guaranteed that it was still on track to deliver an increase in annual profits. It shares dropped 1.4 percent in early trade. Sweden's Hexagon was at the bottom of the European benchmark after its fourth-quarter results. Reuters reported that the firm is considering two new names for chairman and vice chairman. In Italy, UniCredit has started its 13 billion euro ($14 billion) cash call. Meanwhile, the Italian insurer Generali is holding a meeting Monday to decide on its stake of Intesa Sanpaolo. The uncertainty sent its shares down in early trade by 1 percent. Back in the U.K., Barclays is reportedly implementing new back office rules to cope with new ring-fencing rules. It shares edged up slightly on Monday morning. Also on Monday, President Mario Draghi of the European Central Bank will be answering questions from European lawmakers, while European foreign ministers will gather to discuss developments in the Middle East. More»
Amwal Al Ghad English - 2017-02-06 06:28:25
Asian markets traded mixed on Monday, as investors try to make sense of U.S. President Donald Trump's policy noise. Since Trump's inauguration on January 20, there has been a flurry of actions that run the gamut from immigration to financial deregulation to tighter border control. “Amid increased uncertainty, the market is caught between a situation of Trump-flation, that is higher yields and stronger dollar, or Donald Doubt, which sees a softer dollar and lower yields due to protectionism and dollar jaw-boning”, said Mizuho Bank's Vishnu Varathan in a Monday note. Dollar index remained below the 100 handle, to trade at 99.727 in early Asian time against a basket of currencies. It has been flailing ever since the Trump administration made its preference known for a weaker dollar. More»
Islam Salah - 2017-02-04 12:04:22
Egyptian global depository receipts (GDRs) traded mostly with no change at London Stock Exchange (LSE) during Friday’s trade. GDRs of Commercial International Bank – Egypt (CBKD) surged 1.34 percent, to close at $4.16. Meanwhile, the GDRs of investment bank EFG-Hermes (EFGD), Egyptian food maker Edita Food Industries (EFID), and Orascom Telecom Media and Technology Holding (OTMT) ended trading with no change in values at $2.50, $4.75, and $0.32, respectively. More»
Amwal Al Ghad English - 2017-02-04 06:51:11
Chinese shares were in the red after returning from a week-long holiday, as a private Chinese manufacturing survey missed forecasts and China's central bank surprised markets by raising its short-term lending rates. China's Shanghai composite fell 0.59 percent or 18.5 points to close at 3,140.6, while the Shenzhen composite was down 0.39 percent or 7.5 points at 1,909.78. Meanwhile in Hong Kong, the Hang Seng index was down 0.42 percent by mid-afternoon. The People's Bank of China surprised markets by hiking short-term interest rates, also known as reverse repurchase agreements, by ten basis points to 2.35 percent. More»