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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        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        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        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        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 - 2018-02-21 06:25:12
European equities posted solid gains by the close on Tuesday, as investors shook off volatility concerns and focused on better-than-expected corporate results. The pan-European Stoxx 600 ended 0.60 percent higher provisionally, with the majority of sectors closing in positive territory. On the bourses front, the U.K.'s FTSE 100 finished trade roughly flat, down 0.01 percent, while France's CAC 40 and Germany's DAX closed higher, up 0.64 percent and 0.83 percent respectively. Chemicals was a top performing sector on Tuesday, closing up 1.17 percent boosted by Covestro, which closed up 3.33 percent. The German manufacturer said it had generated cash at a faster rate than previously thought in its quarterly earnings. Covestro now believes it will reach its cumulative operating cash flow target of 5 billion euros ($6.19 billion) in 3 years, rather than in 5 years. SimCorp rose to the top of the STOXX 600, jumping over 12 percent by the close after reporting strong growth in its fourth quarter, and stating that its dividend payout for 2017 would be higher. France's Edenred rose 6.5 percent on the back of strong earnings that saw the company's earnings before interest and tax, and net profit for 2017, reach record levels. Mining giant BHP Billiton posted a 25 percent rise in underlying half-year profit on Tuesday. The company also handed an extra $800 million to shareholders as it projected rising cash flows in the second half. However, its shares were off 4.58 percent by the close. U.K. listed lender HSBC reported a jump in annual pre-tax profit but missed analysts expectations after U.S. tax changes prompted it to take a $1.3 billion write-down, causing shares to slip 3.1 percent. Stocks in Asia slipped Tuesday, while U.S. markets were mostly lower as concerns over higher interest rates lingered, and Walmart shares tumbled. In politics, Brexit Minister David Davis said that the U.K. and European Union could reach an agreement on access to each others' markets, while shrugging off concerns that Britain would use Brexit to cut regulation to attract global businesses, Reuters reported. Elsewhere, Venezuela is due to launch its so-called petro token on Tuesday. The controversial bitcoin-like digital currency is designed to help make the oil-dependent state make financial transactions and bypass Western sanctions. More»
Amwal Al Ghad English - 2018-02-21 06:20:54
Asian markets were mixed on Wednesday, with choppy trade seen in Japan and South Korea as stock indexes hovered around the flat line. More convincing gains were seen in Taiwan and Hong Kong markets. Japan's benchmark Nikkei 225 index shed 0.13 percent after giving up gains seen earlier after choppy trade. Manufacturing stocks which traded slightly higher early on were mixed in the afternoon, with Fanuc Manufacturing trading lower by 0.22 percent. Automakers and technology names were also mixed, while bank stocks came under pressure. Among blue chip names, Toyota slipped 0.14 percent, Honda rose 1.06 percent and SoftBank Group slid 1.04 percent.Meanwhile, the Kospi edged up by 0.09 percent, with the index moving in and out of positive territory through the session. Steelmakers traded lower after the South Korean government submitted a World Trade Organization complaint over U.S. duties. Posco fell 0.96 percent and Hyundai Steel was down 0.95 percent on the day. Of note, the governor of the country's central bank on Wednesday said it was "prepared to respond" should the Federal Reserve raise interest rates more aggressively than markets were expecting, Reuters reported. Down Under, the S&P/ASX 200 hovered around the flat line and last traded lower by 0.05 percent as investors focused on earnings releases. Gains in the consumer staples and discretionary sectors were offset by losses in the materials sector. More»
Amwal Al Ghad English - 2018-02-20 07:08:55
Equities in Europe closed lower Monday afternoon amid weak volumes, and as investors digested fresh earnings. The pan-European Stoxx 600 closed 0.66 percent lower with all sectors bar oil and gas in negative territory, having dropped throughout the day. The sluggish volumes were due to markets being closed in the United States, as well as Greater China and Mumbai. Household goods was the worst performing sector, down 1.36 percent. Reckitt Benckiser reported higher fourth-quarter sales and raised its expectations for 2018 after going through tough times recently, Reuters reported. However, analysts see only a moderate potential for operating margin growth. As a result, the stock closed the day's trading at the bottom of the European benchmark, down 7.5 percent. Autos closed 1.29 percent lower. It was dragged lower throughout the day by news that carmaker Daimler may have used software to cheat in diesel-emission tests in the U.S. The stock dropped over 2 percent. Also down over 1 percent was the healthcare sector, which closed trade negatively to the tune of 1.22 percent. At the same time, a survey also showed Monday morning that British households have become more gloomy about their finances. IHS Markit's household finance index hit a seven-month low, which also impacted views on the household goods sector. In other corporate news, Deutsche Bank was the best performing banking stock, finishing the session up by over 2 percent after Bank of America Merrill Lynch raised its outlook on the stock and its target price. It was announced Monday afternoon that euro zone finance ministers had given their support to Spanish Finance Minister Luis de Guindos to become the next vice president of the European Central Bank (ECB). De Guindos was the clear frontrunner after his only opponent, Irish central bank Governor Philip Lane, withdrew his candidacy earlier Monday afternoon. This is one of four changes in the executive board of the ECB, which has only six members, taking place before the end of next year. The institution is expected to make its final decision on the position in late March. In the euro zone, new data showed the adjusted current account surplus narrowed in December to 29.9 billion euros ($37.09 billion) from 3.0 billion euros a month ago. More»
Amwal Al Ghad English - 2018-02-20 05:56:23
Asian shares mostly traded lower on Tuesday after a relatively quiet overnight session, due to U.S. markets being closed for a holiday on Monday. Japan's Nikkei 225 lost 0.93 percent as financials, manufacturing and energy-related names traded in negative territory, while technology stocks traded mixed. Automakers were mostly lower, with Toyota down 0.87 percent. Mitsubishi Motors edged higher by 0.36 percent in the afternoon, outperforming its peers. The move followed a Nikkei report that Mitsubishi Corporation was looking into raising its stake in Mitsubishi Motors to approximately 20 percent through a tender offer. Mitsubishi Corporation, which traded down 1.75 percent, said it had yet to reach a decision, according to Reuters.Over in South Korea, the Kospi slipped 0.83 percent, with losses seen in heavyweight technology names: Samsung Electronics fell 1.86 percent and SK Hynix declined 1.05 percent. The manufacturing sector was mixed. Shares of steelmakers Posco and Hyundai Steel gained 0.55 percent and 0.19 percent, respectively. The moves came after South Korea's trade ministry on Monday indicated it would not sit on its hands if the U.S. implemented tariffs on steel imports. Yonhap News Agency said South Korea would weigh filing a complaint with the World Trade Organization if the U.S. decided to impose those tariffs. Down Under, the S&P/ASX 200 was off by 0.09 percent as the 1.65 percent gain in the information technology sector was offset by declines seen in other sectors. The heavily weighted financials sub-index slipped 0.21 percent, and the materials sub-index was lower by 0.57 percent. More»
Amwal Al Ghad English - 2018-02-19 06:44:56
Asian markets mostly rose on Monday after the U.S.'s S&P 500 extended its winning streak on Friday to six days. Markets in the Greater China region remain closed for the Lunar New Year holiday. Japan's Nikkei 225 rose 1.72 percent, while the Topix index was up 1.89 percent. South Korea's Kospi index gained 0.91 percent. Meanwhile, Australia's ASX 200 reversed early losses to trade up 0.66 percent. The heavily weighted financial subindex rose 0.56 percent, while the energy sector fell 0.91 percent and the materials subindex reversed losses to climb 0.21 percent. Oil stocks in Australia traded mixed. Shares of Santos rose 2.28 percent, Oil Search was up 2.42 percent and Beach Energy added 7.11 percent. Woodside Petroleum declined 6.26 percent, however, after the company said it completed the institutional component of its 2.5 billion Australian dollar ($1.98 billion) share sale, announced on February 14. Woodside raised gross proceeds of about A$1.57 billion at A$27 per new share. Markets in India bucked the generally positive trend in the region. The Nifty index was down 0.5 percent and the Sensex fell 0.61 percent. Still, major indexes in the U.S. ended off their session highs after news broke that special counsel Robert Mueller indicted 13 Russian nationals and three Russian entities for allegedly interfering with the 2016 U.S. presidential election. Meanwhile, in the currency market, the Japanese yen traded at 106.43 to the dollar at 12:45 p.m. HK/SIN, coming off an earlier high of 106.08. Still, the yen had strengthened from levels above 108 in the previous week. Major export stocks traded up, with Toyota shares climbing 2.23 percent, Honda up 1.7 percent and Sony adding 0.34 percent. The Australian dollar traded at $0.7916 at 12:46 p.m. HK/SIN, falling from levels near $0.7980 reached last week. Elsewhere, the dollar index remained relatively stable and traded at 89.081, coming off an earlier high of 89.115. Last week, the index fell from levels above 90 to near 88.200 before recovering slightly. "The U.S. dollar staged a minor comeback for no obvious reason other than position squaring into the U.S. holiday weekend, with euro leading the move and yen lagging but still managing to fully recoup the APAC session swoon to end marginally weaker on the day," Ray Attrill, head of foreign exchange strategy at the National Bank of Australia, wrote in a morning note. He pointed out that for the week, the dollar was still lower in index terms with losses led by the yen strength. The U.S. market will be closed on Monday for Presidents Day. More»
Amwal Al Ghad English - 2018-02-19 06:36:26
Equities in Europe are expected to open higher on Monday morning as global sentiment continues to rebound after a recent shakeout in markets.The FTSE 100 is seen 11 points up at 7,305; the German DAX is seen higher by 94.2 points at 12,545 and the CAC 40 in Paris is expected to open up by 21.2 points at 5,303, according to IG. Asian stocks were up as many investors buy into stocks following the recent correction. However, Monday is set to be a low volume day with markets closed in the United States as well as Greater China and Mumbai due to public holidays. Back in Europe, market players will be following further earnings and data releases. The U.K.'s Reckitt Benckiser is due to announce its 2017 full year results. At 9 a.m. London time, there will current account numbers out in the euro zone. Later, at 10 a.m., there will be construction output figures. Meanwhile, euro zone finance ministers are set to hold an important discussion in Brussels, setting the tone for a significant change within the European Central Bank (ECB). The ministers will discuss who should become the next vice president of the ECB with two candidates in the running for the role. This is one of four changes in the executive board of the ECB, which has only six members, taking place before the end of next year. More»
Amwal Al Ghad English - 2018-02-17 07:06:46
European stocks closed provisionally higher Friday, as investor confidence appeared to take hold after a sharp sell-off earlier this month. The pan-European Stoxx 600 closed provisionally up almost 1.1 percent, with almost all sectors and major bourses in positive territory. Vopak was the top performer Friday after its latest figures beat market expectations. The Dutch oil and chemical company said full-year results were lifted by a stronger-than-anticipated performance in the final three months of the year. Its shares were 13.7 percent higher. Swedish defense firm Saab posted worse-than-expected earnings, sending shares down almost 1 percent. The Stockholm-based firm said fourth-quarter operating earnings fell to 882 million Swedish crowns ($111 million) during the final three months of 2017. That was down from 960 million Swedish crowns in the same quarter a year earlier. Looking at individual stocks, German insurer Allianz reported a 22 percent fall in net profit in the fourth quarter of 2017. The company blamed recent changes to the U.S. tax system, a weak U.S. dollar, one-off costs and natural disasters as a drag on its latest figures. Its shares were up almost 0.6 percent. French carmaker Renault said operating profit had hit an all-time high in 2017 on Friday, emboldening CEO Carlos Ghosn's position amid domestic pressure to outline a clearer succession plan. Its shares were trading up 2 percent. On Wall Street, stocks rose and looked to be on track for their best weekly gain in five years. Global equity markets were hit with a sharp sell-off two weeks ago, marking what some analysts believed to be the beginning of the end for low volatility. The U.S. dollar pared some of its losses on Friday, after slumping to multi-year lows against a basket of major currencies earlier in the session. The dollar index, which tracks the U.S. currency against a basket of rivals, slipped to 88.36 — its lowest level since late 2014 — before recovering to 88.89 at 11:48 a.m. ET. Elsewhere, cryptocurrency bitcoin climbed back above the $10,000 mark for the first time in two weeks Friday. The digital asset was trading at $10,121 at 11:48 a.m. ET, according to CoinDesk data. It had lost two-thirds of its value in a rapid plunge from a record high above $19,000 in mid-December to a low of below $6,000 last week. More»
Amwal Al Ghad English - 2018-02-17 06:55:38
Stocks closed slightly higher on Friday, extending their winning streak to six days in a row, and posted strong weekly gains. But the major averages ended off their session highs after news broke that special counsel Robert Mueller indicted 13 Russian nationals and three Russian entities for allegedly interfering with the 2016 Us presidential elections.Stocks closed slightly higher on Friday, extending their winning streak to six days in a row, and posted strong weekly gains. The market soon stabilized after Deputy Attorney General Rod Rosenstein emphasized in a press conference that these indictments had no allegations of willing support to the Russians by Americans. "The nature of the scheme was that the defendants took extraordinary steps to make it appear that they were ordinary American political activists," he said. "One of the key point is there's no finding that this actually affected the election results," said Art Hogan, chief market strategist at B. Riley FBR. "To the extent this is a first blush, it doesn't look market negative." The Dow Jones industrial average closed 19.01 points higher at 25,219.38, with Pfizer as the best-performing stock in the index. The Dow also posted its sixth straight day of gains. At its session highs, it rose 232.05 points. The S&P 500 closed just 0.04 percent higher at 2,732.22, eking out a six-day winning streak, after gaining as much as 0.9 percent. Utilities and health care were the best-performing sectors in the broad index. Meanwhile, the Nasdaq composite snapped a five-day winning streak, closing 0.2 percent lower at 7,239.47. It rose as much as 0.7 percent on the day. More»
Amwal Al Ghad English - 2018-02-15 06:33:48
European stocks were near session highs at Wednesday's close, as investors shrugged off concerns surrounding U.S. inflation data and cheered on positive corporate news. The pan-European Stoxx 600 finished up 1.07 percent provisionally, recovering from a sharp dip in afternoon trade. Turbulence in the region came after the much-anticipated release of the U.S. inflation data, which came in above expectations. Sectors moved back into the black in late afternoon trade, with almost all industries closing above 1 percent, as U.S. markets posted slight gains around Europe's close. On the bourses front, the U.K.'s FTSE 100 closed up 0.64 percent, while France's CAC 40 and Germany's DAX jumped 1.10 percent and 1.17 percent respectively. In peripheral markets, almost also indexes closed higher, with Italy's FTSE MIB soaring 1.81 percent. Media outpaced most sectors Wednesday, closing up 2 percent overall, with Rupert Murdoch's Sky among the top performers. Shares of the broadcaster rose 2 percent, after Sky announced that it had tightened its grip on live televised Premier League soccer matches. Basic resources also rose over 2 percent, with miners lifted by a sharp uptick in gold, nickel, copper and zinc prices. Looking at individual stocks, Credit Suisse reported a net loss of 983 million Swiss francs ($1.1 billion) for 2017 on Wednesday as U.S. tax write-downs resulted in a third consecutive annual loss. However, the latest figures from Switzerland's second-largest bank were slightly better than analysts had expected. Shares jumped 3.8 percent. Coca-Cola HBC rose 4.8 percent, making it a top performer, after reporting full-year sales and profits that came in above market estimates. France's Credit Agricole posted a 33 percent jump in profits for the final three months of 2017, as its investment banking unit outperformed in challenging market conditions. Its shares slipped almost 3 percent by the close. Swedish retailer H&M sank over 4 percent after the company reported that e-commerce sales were expected to rise by at least 25 percent in 2018, but sales in stores were likely to fall, before bouncing back in 2019. Markets remained on edge during Wednesday's session, with investors clearly scarred by last week's frenzied U.S.-led market sell-off. In Asia, stocks finished the day relatively mixed as investors remained anxious over the U.S. inflation report due. When the CPI data was released before Wall Street's open, U.S. markets, in both pre-market and early trade, tanked after consumer prices rose more than expected in January, sparking fears over inflation. The Consumer Price Index increased 0.5 percent last month against forecasts of a 0.3 percent rise. Headline CPI on an annualized basis also was above market expectations. The data weighed on sentiment, causing the STOXX 600 to briefly go negative, before recovering lost ground. The euro area's economy maintained a healthy growth pace at the end of 2017, paving the way for another robust performance in 2018. Gross domestic product (GDP) increased 0.6 percent from the previous three months, Eurostat reported Wednesday. More»
Amwal Al Ghad English - 2018-02-15 06:30:37
Asian stocks advanced on Thursday, taking cues from the rally on Wall Street following the release of stronger-than-expected U.S. inflation data overnight. The Nikkei 225 rose 1.5 percent, or 317.26 points, in early trade. Most sectors were in positive territory despite the firmer yen, with technology and financials recording substantial gains in the morning. Sony rose 2.03 percent and Mitsubishi UFJ Financial Group was higher by 2.49 percent. The manufacturing sector also traded higher, with Fanuc Manufacturing and Komatsu climbing 1.83 percent and 4.18 percent, respectively. The benchmark had come under pressure in the last session after the dollar fell to 15-month lows against the yen during Asian trading hours on Wednesday. On the data front, Japan's December core machinery orders fell 11.9 percent, Reuters said — a larger decline than the 2.3 percent median fall projected.Over in Sydney, the S&P/ASX 200 rose 0.89 percent, with the energy, materials and gold sectors among the best-performing sectors in the morning. Major miners were higher early on: Rio Tinto rose 2.93 percent and BHP gained 3.48 percent. More»