amwalalghad :: World

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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        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        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        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 - World

Amwal Al Ghad English - 2017-12-30 06:41:55
European shares closed lower on Friday as investors waved goodbye to 2017 and looked ahead to what the New Year could bring for markets. The pan-European STOXX 600 index ended the day down 0.42 percent provisionally. The U.K.'s FTSE 100 outperformed fellow indices closing up 0.85 percent, on the back of a buy on mining stocks. The index finished at a record high, closing up at 7,687.77 points. Over the year, the FTSE 100 was 7.6 percent higher than on the last day of trading in 2016. Meanwhile, the French CAC and German DAX slipped around half a percent each. Italy's FTSE MIB fell more than one percent lower for the session after the country's president dissolved parliament and called an election for March 4 2018. European stocks in 2017 have, on average, risen the most in a calendar year since 2013. Apple issued an apology over the handling of its battery issue, stating that it would make a number of changes for customers "to recognize their loyalty" and try to regain the trust of any who doubted the intentions of the firm. Meanwhile, Apple supplier Dialog Semiconductor ended the day a top performer, up over 2.4 percent. Sticking with the top gainers, a number of London-listed stocks posted sharp gains, including Just Eat, Ocado, Old Mutual and WH Smith — all of which jumped more than 2.5 percent by the index's early close. The biggest gainer, however, was Danish international pharmaceutical company Lundbeck which gained more than 3 percent in share value by the end of Friday. U.K. infrastructure group Balfour Beatty rose 1.43 percent by its close, despite posting declines earlier on in the session.This comes after news that the firm had sold an additional stake in Connect Plus, the operator of London's M25 orbital motorway, Reuters reported. And shares of Airbus fell more than 1 percent in trade, despite news that the plane manufacturer had finalized a deal with Indigo Partners for 430 A320neo planes. Meanwhile, oil and gas exploration firm Lundin Petroleum was among Europe's worst performers, down around 2.5 percent at the end of the day. Looking to commodities, oil prices edged higher with U.S. crude trading above $60 a barrel, having hit its highest since the middle of 2015. Prices were lifted on the back of an unexpected decline in commercial crude inventories and U.S. production. And the basket of European basic resources stocks was one of the best performing sectors Friday, posting gains of around 0.8 percent by the European close. Early in the day, President Donald Trump tweeted Thursday that he was "very disappointed", after a report indicated that China could have run afoul of international sanctions, by providing oil to North Korea. China has denied the accusations. U.S. stocks traded lower on average Friday, also their last trading day of the year, but remained within striking distance of all-time highs hit earlier this month. More»
Amwal Al Ghad English - 2017-12-30 06:37:21
U.S. stocks closed lower Friday, the last trading day of the year, with no S&P 500 sectors ending higher. The S&P 500 closed about half a percent lower but still held gains of 19.4 percent for the year, its best since 2013. Information technology soared 36.9 percent and materials gained 21.4 percent as the top performers for 2017, while energy and telecommunications were the only sectors in the red for the year. Selling suddenly accelerated in the last several minutes heading into Friday's close. Traders said there was no apparent reason for the broad sell-off, which hit all three major indexes. It took several minutes for stocks to settle before the Dow Jones industrial average finally ended about 118 points lower, erasing gains for the week. Stocks were "hit very late in the day across different sectors," said Sahak Manuelian, managing director at Wedbush Securities. "I imagine it was just guys selling … reducing exposure on some the bigger winners of the year." U.S. composite trading volume for the session was more than 1 billion shares below its 50-day average. Trading volume has been light all week as U.S. markets were closed Monday for Christmas and are closed next Monday for New Year's Day. More»
Amwal Al Ghad English - 2017-12-28 06:02:42
U.S. stock index futures are pointing to a slightly higher open on Wednesday, as investors gear up for the latest in economic data as the year draws to a close. This week, markets opened back up following the festive holiday break. U.S. stocks finished Tuesday lower, as shares of tech giant Apple tumbled. Shares of the U.S. technology giant posted their worst day since August on Tuesday, following a report from Taiwan's Economic Daily newspaper, which cited unidentified sources, that Apple would be slashing its sales forecast for the iPhone X in the quarter to 30 million units. Consequently, investors will be paying close attention to the stock on Wednesday, as well as the moves in Apple suppliers. Investors stateside will be turning their attention to the data space. At 7 a.m. ET, the routine mortgage applications are due out, followed by consumer confidence and pending home sales, both of which are set to be released at 10 a.m. ET. Meantime at 10:30 a.m. ET, the Dallas Fed's Texas service sector outlook survey is expected to be released. In politics, investors are likely to still be mulling over the latest concerning tax reform, which has boosted market sentiment in recent weeks. On Friday, President Donald Trump signed a $1.5 trillion tax bill in law, capping off a yearlong effort, to cut tax rates for both individuals and companies. Meantime, crude futures hit a more than two-year high on Tuesday, however in today's session, prices came under pressure. No earnings are expected to be published. More»
Amwal Al Ghad English - 2017-12-28 05:59:18
European markets closed mixed on Wednesday, amid light trade across markets worldwide due to the holiday period. The pan-European STOXX 600 closed up 0.1 percent, with major bourses pointing in different directions. The FTSE 100 hit a record high during the session on Wednesday, and closed 0.34 percent higher. Trade is lighter than usual on Wednesday, as markets across the globe open back up after the Christmas holiday break. European trade is expected to be influenced somewhat by the moves in Asia, with trade in Asian-Pacific markets posting minor gains during the day's session. In commodity markets, oil prices were in focus after crude futures hit a two year-plus high in the last 24 hours. Prices however came off their highs before in the European session, as a gradual resumption of flows through a major pipeline in the North Sea, helped counteract the supply disruption seen in Libya, Reuters reported. The oil and gas sector was in positive territory. In individual stock news, U.K. serviced office provider IWG saw shares close 27 percent higher after it disclosed that it had received a takeover bid from Canadian private equity firm Onex and Brookfield Asset Management. Royal Dutch Shell was in the black after the oil giant said it expects "favorable" impact on its operations from the recently passed U.S. tax reform law. A number of Apple suppliers, including Dialog Semiconductor and Austria Microsystems fell sharply after Taiwan's Economic Daily newspaper reported that the iPhone maker would slash its sales forecast for the iPhone X in the first quarter. Meanwhile, a Russian court approved a settlement between Russia's Rosneft and Sistema on Tuesday, ending the pair's dispute over the Bashneft oil firm, RIA news agency reported. Looking to global politics, the U.S. sanctioned two top officials from North Korea on Tuesday, involved in the state's ballistic missile development programmes. These sanctions come just days after a United Nations Security Council resolution which imposed harsh restrictions on the country, following its missile test in late November. More»
Amwal Al Ghad English - 2017-12-28 05:55:43
U.S. stocks eked out a positive close Wednesday, with gains in real estate and utilities offsetting declines in energy and telecommunications stocks. Trading volume was on pace for the second-lowest of the year, with only Black Friday's half-day of trading posting lower volume. The Dow Jones industrial average closed about 28 points higher with McDonald's and Caterpillar the top contributors to gains and Goldman Sachs having the greatest negative impact on the index. The S&P 500 closed 0.08 percent higher at 2,682.62. Utilities and real estate investment trusts led seven sectors higher, while energy fell 0.3 percent as the greatest decliner. U.S. crude oil futures settled 33 cents lower at $59.64 a barrel. On Tuesday, crude touched $60 a barrel for the first time in two-and-a-half years. The Nasdaq composite closed 0.04 percent higher Wednesday as Apple squeezed out a 0.02 percent gain after tumbling Tuesday in its worst day since August. Microsoft, Amazon.com, and Facebook closed higher, while shares of Google parent Alphabet fell more than half a percent. Stocks historically tend to post a "Santa Claus" rally in the last week of December through the first two trading days of January. However, the Dow is the only major U.S. stock index on pace for slight weekly gains, which would be its sixth straight week. If the S&P 500 is able to finish the week higher, the index would close out the year with six straight weeks of higher trade for the first time the since in 1971. On a monthly basis, the indexes are tracking for gains not seen in decades. The Dow is on pace for its first nine-month winning streak since 1959 and the S&P is on track for its first nine-month winning streak since 1983. "We've had an amazing run [up] of large-cap stocks. I think we'd all like small cap stocks to follow suit," said Sam Stovall, chief investment strategist of U.S. Equity Strategy at CFRA. "I think it's reflective of investor optimism, but I think investors should become a little cautious." The S&P 500 is up 19.8 percent this year, while the small-cap Russell 2000 is up about 13.7 percent. Department store stocks underperformed Wednesday, giving up much of their gains from Tuesday's session. Macy's fell 4.5 percent Wednesday after adding 4.6 percent Tuesday, while Kohl's slipped about 2.8 percent after a nearly 6 percent gain Tuesday. The SPDR Retail ETF (XRT) fell more than 1 percent after rising more than 1 percent to its high for the year Tuesday. More»
Amwal Al Ghad English - 2017-12-28 05:36:50
Asian markets carved out gains on Thursday following a rally in oil and copper prices this week. Trade was thin ahead of the long New Year's weekend. Japan's benchmark Nikkei 225 index gained 0.12 percent, with most energy stocks that had run up in the previous session giving up their gains. Banks edged lower, while tech firms and automakers were mixed. SoftBank Group rose 0.74 percent, and Toyota was off 0.1 percent. Those moves came after official data released earlier in the morning showed retail sales and industrial output for November had both topped median projections. Elsewhere, South Korea's Kospi edged up 0.59 percent, driven by gains in blue-chip tech names. Samsung Electronics rose 1.94 percent, shrugging off headlines on Wednesday that prosecutors were looking for a 12-year prison sentence for Jay Y. Lee. The Samsung Electronics vice chairman is appealing a five-year sentence linked to a corruption case. In Sydney, the S&P/ASX 200 inched higher by 0.08 percent, as gains in the resources space were offset by losses in utilities and real estate investment trusts. More»
Amwal Al Ghad English - 2017-12-27 06:25:30
U.S. stocks closed lower in light volume trade Tuesday as shares of Apple tumbled, offsetting gains in energy stocks as oil prices hit their highest in more than two years. Apple shares closed 2.5 percent lower in their worst day since August, following a report from Taiwan's Economic Daily, citing unidentified sources, that Apple will cut its sales forecast for the iPhone X by 40 percent in the quarter to 30 million units. Shares of Apple suppliers such as Skyworks Solutions and Micron fell 1.9 percent and 4.2 percent, respectively. Apple has not publicly disclosed quarterly sales targets for the iPhone X, which went on sale in November. The company did not respond to a CNBC request for comment. The SPDR S&P Retail ETF (XRT) rose more than 1 percent to hit its highest for the year, with J.C. Penney up 5.4 percent and Kohl's up nearly 6 percent as the top advancers. XRT is now up more than 4 percent for the year. The Mastercard SpendingPulse report showed holiday sales from Nov. 1 to Dec. 24 increased 4.9 percent this year to a record in their largest year-on-year increase since 2011. Online shopping increased 18.1 percent from the prior year. The report said sales of electronics and appliances posted their strongest growth in 10 years, while home furniture, home furnishings and home improvement also saw significant increases. Specialty apparel and department stores saw "moderate gains," the release said. More»
Amwal Al Ghad English - 2017-12-27 05:49:38
Asian markets were mixed in Wednesday trade, as Australian and Japanese energy names rose after oil touched a more than two year high overnight. Meanwhile, South Korea's Kospi index was dragged lower by shipbuilder Hyundai Heavy Industries even as blue-chip tech names rebounded. Japan's benchmark Nikkei 225 hovered around breakeven after coming under slight pressure in the previous session. The index nudged higher by 0.06 percent as trading houses saw gains while major exporters traded mixed, with Toyota higher by 0.17 percent. Meanwhile, most energy-related names recorded solid gains after oil prices touched their highest levels in more than two years on Tuesday. Inpex rose 3.18 percent and Japan Petroleum Exploration advanced 4.03 percent. Across the Korean Strait, the Kospi declined 0.21 percent. Blue-chip tech stocks, which had sold off in the last session, were a bright spot, although those gains were offset by losses in manufacturing names and financials. Samsung Electronics rose 1.08 percent while Posco declined 1.47 percent. South Korea's Hyundai Heavy Industries plunged 28.75 percent after it announced Tuesday that it intended to list Hyundai Oilbank in 2018, Reuters reported. The move will likely raise some $1.2 billion through a share issue, Reuters said. Shares of holding company Hyundai Robotics fell 4.01 percent. More»
Amwal Al Ghad English - 2017-12-25 11:38:28
After being battered by political turmoil this year, Qatari stocks are set to commence the next one near their cheapest levels relative to emerging-market peers since early 2010. That’s a change for the nation’s stocks, which traded at a premium for most of the preceding three years. A selloff triggered by a political spat between Qatar and its neighbors sent valuations plummeting. While politics will remain in focus in 2018, analysts and investors say some shares in Doha are now trading at attractive levels. The QE Index became the world’s worst performer this year after a Saudi Arabia-led group of nations accused the gas-rich state of supporting terrorism and destabilizing the region -- charges the country has denied. While the gauge has trimmed losses the past two weeks on optimism 2018’s budget will support the nation’s economic growth, it’s still down 18 percent in 2017, the second-biggest loss among major indexes globally in dollar terms. It fell 0.3 percent on Sunday. Here’s what market participants have to say about the prospects for Qatari shares in 2018: More»
Amwal Al Ghad English - 2017-12-25 05:47:28
Markets in Japan and China were mixed on Christmas Day, with light trading expected on the heels of another record week for Wall Street. The Nikkei 225 and Topix indexes gained ground, though both indexes moved only marginally. China's Shanghai Composite was down by 0.51 percent at 1:41 p.m. HK/SIN, and the Shenzhen exchange was near 1 percent lower as measured by the SZSE index. Exchanges in much of the world will remain closed on Monday, including Australia, South Korea, Hong Kong and Singapore. Taiwanese stocks were largely flat, moving in a narrow range close to their previous close. The Japanese yen was lower against the U.S. dollar, while in China, the central bank set its official yuan midpoint at the highest level in over three months at 6.5683 per dollar, Reuters reported. No major economic data is scheduled for release Monday. In Tokyo, financials stocks mostly lost ground. Real estate names were mostly higher, Reuters reported. In corporate news, shares of Japanese construction company Tobishima hit a 7-week high after the company boosted its profit forecast. The company now sees operating profit for the year through March 2018 hitting 6.5 billion yen ($57.37 million), up from 4.4 billion yen (38.85 million) previously. Tobishima wasn't alone with an upward revision. Nippon Carbon boosted is operating profit forecast for the year through December 2017 to 2.4 billion yen ($21.2 million). The outlook previously stood at 1.3 billion yen ($11.48 million). Shares of Nippon Carbon were up as much as 7.2 percent on news. Denim merchant Jeans Mate leaped more than 14 percent after reporting December existing-store numbers that rose 1.2 percent from the same month last year. In China, drug company Zhuhai Rundu Pharmaceutical said it planned to make an initial public offering, issuing 25 million shares in the hopes of raising 425.25 million yuan ($64.57 million) on the Shenzhen exchange. U.S. stocks racked up more weekly gains, though they closed slightly lower for the day on Friday. The Dow Jones industrial average and the S&P 500 posted gains for the fifth straight week, after U.S. President Donald Trump signed a bill that slashes corporate taxes. Trump's tax plan cuts the statutory corporate tax rate from 35 percent to 21 percent, though actual tax rates may drop into the single digits because of corporate deductions that were left in, as CNBC reported Thursday. Investors have enthused over the tax cuts, which they see prompting major U.S. corporations to buy back stock from shareholders. More»