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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        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        Canal Shipping Agencies   7.39        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        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 - 2018-02-14 07:00:29
U.S. stocks posted a three-day winning streak on Tuesday as the major averages continued to recover from the correction levels reached last week. The Dow Jones industrial average closed 39.25 points higher at 24,640.45 after falling as much as 180.24 points. Goldman Sachs and 3M were the biggest contributor of gains to the 30-stock index, both rising 0.9 percent. The S&P 500 rose 0.3 percent to 2,662.94, with financials among the best-performing sectors. Wells Fargo was the best-performing stock in the financials sector, rising 2.6 percent. Tech, meanwhile, rose 0.3 percent after trading lower earlier in the session. The Nasdaq composite climbed 0.5 percent to close at 7,013.51, with shares of Nvidia and Amazon both climbing about 2 percent. The tech-heavy index fell as much as 0.6 percent earlier in the session. The indexes closed higher for the third day in a row, bouncing back from correction levels seen last week. On Thursday, the Dow, S&P 500 and Nasdaq all closed at least 10 percent below record highs set last month. More»
Amwal Al Ghad English - 2018-02-14 06:22:05
Asian markets traded mixed and the dollar slid to multi-month lows against the yen on Wednesday. The Nikkei 225 fell 1.33 percent, reversing gains seen earlier to trade at its lowest levels in four months ahead of the release of U.S. inflation data later in the day. The moves were accompanied by the dollar falling to 15-month lows against the yen. Automakers traded in negative territory, with Toyota and Honda Motor lower by 2.63 percent and 1.8 percent, respectively. Technology shares were also mostly lower, with SoftBank Group declining 3.31 percent. Toshiba bucked the trend to climb 1.28 percent. The company announced on Wednesday that it would appoint Nobuaki Kurumatani as chairman and chief executive. Among other heavyweights, Fanuc Manufacturing fell 2.54 percent. Fast Retailing declined 1.27 percent in the afternoon. Meanwhile, fourth-quarter Japan gross domestic product data released on Wednesday showed the economy grew at an annualized 0.5 percent, below a median forecast of 0.9 percent, Reuters reported. Across the Korean Strait, the Kospi advanced 0.68 percent, with Samsung Electronics extending gains and climbing 2.82 percent. Other technology names were mixed: SK Hynix slipped 0.26 percent and LG Electronics lost 1.81 percent. Shares of Lotte Corporation were down 5.57 percent after Lotte Group Chairman Shin Dong-bin was sentenced to two years and six months of jail as part of a wider political scandal in South Korea. Lotte Shopping stock was lower by 0.68 percent. More»
Yomna Yasser - 2018-02-13 11:21:56
Adena Friedman, President and Chief Executive Officer of Nasdaq, said Monday it would be too early to consider exchange-traded funds (ETFs) with respect to cryptocurrencies because of its unregulated nature.” “The American Securities and Exchange Commission (SEC) has determined that it is still too early to consider exchange-traded funds (ETFs) with respect to cryptocurrencies because of its unregulated nature.” Friedman said at the annual World Government Summit, taking place in Dubai. During a session entitled ‘How to Tame a Volatile Market’, Friedman shared her insights on a range of topics including the role of government in market movements and cryptocurrencies. “The rapid advancement of capital markets in the GCC region is hugely beneficial not just to local investors but also to international investors looking to get more involved in the stocks traded here,” the Nasdaq official said. Nasdaq serves as a technology provider to 90 markets in the world and a technology partner to many of the exchanges in the Middle East, including Nasdaq Dubai and Tadawul in Saudi Arabia. Friedman said: “We've been working for many years in the region to advance the markets and their technology to ensure they provide a fair, transparent marketplace. As their economies continue to grow and expand, their capital markets are also expanding with them.” More»
Amwal Al Ghad English - 2018-02-13 07:03:27
Asian markets advanced on Tuesday, after stateside indexes recorded their second day of gains following last week's losses. In Japan, the benchmark Nikkei 225 index rose 0.46 percent as markets resumed trade following a long weekend. Automakers traded mixed in the afternoon, with Toyota slipping 1.26 percent. Financials, which were in positive territory in the early going, gave up gains to trade lower, with Mitsubishi UFJ Financial Group shedding 0.76 percent. Among other blue chips, Fanuc Manufacturing rose 0.76 percent and Fast Retailing was higher by just 0.05 percent.Across the Korean Strait, the Kospi advanced 1.05 percent. Gains were driven by strong showings from tech heavyweights Samsung Electronics and SK Hynix, which surged 4.68 percent and 3.89 percent, respectively. Automakers were mixed: Hyundai Motor slipped 0.32 percent while Kia Motors slid 0.91 percent. Manufacturing names traded mostly lower. Steelmaker Posco slipped 1.24 percent and Hyundai Steel lost 0.95 percent. LG Chem lost early gains to slide 1.21 percent. Down Under, the S&P/ASX 200 edged up 0.61 percent as earnings season rolled on. The materials sector was among the best-performers in the morning, while the heavily-weighted financials sector edged higher by 0.41 percent. Meanwhile, National Australia Bank's business conditions index rose in January, indicating strong business activity in the country. The index stood at +19 index points for the month, above the long-run average of +5 index points, NAB said. Greater China markets were also buoyant. Hong Kong's Hang Seng Index rose 2.18 percent as markets clawed back gains after falling into correction territory last week. Tech shares were mostly higher, with index heavyweight Tencent extending gains and climbing 2.83 percent. More»
Amwal Al Ghad English - 2018-02-13 07:01:58
European markets are set to open mixed Tuesday, as investors monitor the release of fresh economic data and corporate earnings. The FTSE 100 is expected to start 6 points higher at 7,186; while the DAX is seen dropping 3 points at 12,305 and the CAC 40 is set to open 4 points down at 5,150, according to IG. In Asia, stocks pulled further away from two-month lows on Tuesday as investors regained some confidence after last week's steep losses. Stateside, Wall Street's three major indexes rose for the second consecutive session on Monday after U.S. equities sustained their biggest weekly fall in two years. Despite the gains in Asia and the U.S., caution lingered in the broader markets as stronger-than-anticipated U.S. inflation data on Wednesday could prompt another wave of selling. On the corporate front, Telekom Austria, Natixis and Randstad are among some of the major European companies expected to report their latest figures on Tuesday. Elsewhere, U.K. inflation data for January is expected to be published at around 9:30 a.m. London time. More»
Amwal Al Ghad English - 2018-02-12 06:13:06
Asian markets were mostly higher on Monday while oil prices edged up after recording six straight days of declines. South Korea's Kospi advanced 1.15 percent, with heavily weighted technology stocks higher in the morning. Samsung Electronics rebounded 2.64 percent and SK Hynix gained 0.41 percent. Financials also traded higher in the early going. Shipbuilders were mostly in negative territory, with Samsung Heavy down 3.17 percent. Hyundai Heavy Industries declined 1.54 percent after it reported a miss on fourth-quarter earnings on Friday after the market close. Over in Australia, the S&P/ASX 200 slipped 0.23 percent as earnings season continued Down Under. Energy-related stocks were down 0.43 percent despite oil prices rebounding after sliding for six straight sessions. Santos declined 0.52 percent and Beach Energy lost 2.89 percent.Gold producers were also weak: Newcrest Mining and Evolution Mining were down 0.45 percent and 1.97 percent, respectively. The heavily weighted financials sub-index was off by 0.52 percent as an inquiry into the sector began on Monday. More»
Amwal Al Ghad English - 2018-02-10 06:52:15
European stocks closed lower Friday, as investors monitored global concerns about soaring volatility and rising borrowing costs. The pan-European STOXX 600 ended down by 1.45 percent, with all sectors and major bourses in negative territory. Britain's FTSE 100 closed the trading week 4.2 percent lower while the French CAC 40 and German DAX slipped 5.5 percent and 5.3 percent respectively. Global markets have been swinging between gains and major losses over the past week, as concerns over higher interest rates continue to dwell on investors' minds. On Thursday, Wall Street closed sharply lower, despite solid earnings, with the Dow Jones industrial average sinking over 1,000 points — entering correction territory. U.S. stocks were slightly lower Friday, after paring all of the gains made in morning deals. Shares of L'Oreal ended marginally higher after the cosmetics giant saw sales rise by 5.5 percent in the fourth quarter on a like-for-like basis, topping expectations. Its CEO added the group was "confident" it would outperform the market and produce significant growth in 2018. Italy's Mediobanca also closed slightly higher after the bank announced in its earnings that it had increased its dividend payout guidance to 40-50 percent, up from 40 percent. However, not every earnings report was seen as positive by the market. Amundi fell 6 percent Friday after the asset manager delivered its latest results and an update, which stated that it would target net inflows of no less than 150 billion euros over the 2018-2020 period. In the U.K., Trinity Mirror closed up around 9.6 percent after announcing the acquisition of Northern & Shell's publishing assets— with titles including OK!, Daily Star and Daily Express— for around £127 million. Late Thursday evening, it became apparent parts of the U.S. government would be entering a shutdown, after the Senate failed to secure the passing of a spending bill by the midnight deadline. However, just before Europe's open, the Senate passed a short-term funding bill giving way to an uptick in military and domestic spending. The measure then headed to the House, where resistance was expected. Before the U.S. open however, the House decided to pass the bill and send it to President Donald Trump to be signed — helping end the brief government shutdown. More»
Amwal Al Ghad English - 2018-02-10 06:33:55
The Dow Jones industrial average rebounded more than 300 points Friday, paring deep losses for investors in what still amounted to the worst week in two years. The Dow ended the day up 330.44 points, or 1.38 percent, closing at 24,190.90. The S&P 500 rallied 1.49 percent to finish at 2,619.55, while the Nasdaq composite added 1.44 percent to close at 6,874.49. The index swung more than 1,000 points in volatile trading Friday. The Dow and the S&P 500 both lost 5.2 percent on the week, while the Nasdaq shed 5.1 percent as rising interest rates spooked investors. The Dow average experienced two drops of more than 1,000 points and two gains of more than 300 points during this volatile week. At their lows this week, all three major indexes were in correction territory from the record highs reached in January."What's happened here is an understanding that inflation is returning and that the central bank quantitative easing that we've grown accustomed to is coming to an end," said Jim Bianco, head of the Chicago-based advisory firm Bianco Research. "Since the financial crisis, this is the first 10 percent correction in stocks that has not been accompanied by a significant fall in rates." More»
Amwal Al Ghad English - 2018-02-08 06:31:27
Stocks closed lower on Wednesday after trading in a wide range again as interest rates climbed back toward multi-year highs. The S&P 500 pulled back 0.5 percent to 2,681.66 after rising as much as 1.2 percent, logging its biggest one-day reversal since February 2016. The Dow Jones industrial average closed 19.42 points lower at 24,893.35, notching its biggest reversal since August 2015. The index rose as much as 381 points and fell as much as 127 points. The indexes began losing steam in afternoon trade shortly after a rise in the 10-year Treasury yield, rekindling the worry that sparked this cascading market plunge last Friday. "That's probably the biggest thing happening here," said Dave Lutz, head of ETF trading at JonesTrading, referring to the rise in yields. He also noted the rise — which followed a lackluster auction — pressured stocks earlier in the session. The 10-year yield traded at 2.845 percent as of 4:02 p.m. ET.Yields also rose after Senate Majority Leader Mitch McConnell said leaders have reached a two-year budget deal which would increase current spending caps by roughly $300 billion. More»
Amwal Al Ghad English - 2018-02-08 06:24:58
European stocks closed higher Wednesday, as markets worldwide attempted to shake off the major volatility seen in recent sessions.The pan-European Stoxx 600 closed at 2.06 percent, with all sectors and major bourses in positive territory. Oil and gas stocks were among the top performers, up more than 2.43 percent amid corporate earnings news. Statoil announced stronger-than-anticipated fourth-quarter results, marking the latest oil company to benefit from a rapidly improving environment for big energy firms. Statoil's shares closed up 4.61 percent. Swedish industrial technology firm Hexagon closed top of the European benchmark. The company said like-for-like sales in the final three months of 2017 had increased sharply from the previous quarter. Its shares were up 10.04 percent on the news. Meanwhile, Danish enzymes maker Novozymes closed near the bottom of the index after it reported weaker-than-expected earnings results. The firm cited challenging conditions in agriculture markets as it missed analyst projections for fourth-quarter results. Its shares were down 4.28 percent. Carlsberg shares were sharply lower, closing down 3.61 percent, after the Danish brewer after beer volumes fell in its key market of Russia.By late morning in the U.S. markets, stocks had risen in choppy trade as Wall Street tried to build on the strong gains set in the previous session. The Dow Jones industrial average climbed 300 points after opening 127 points lower. Boeing and Walmart were the best-performing stocks in the index, rising more than 3 percent. The S&P 500 rose 1.2 percent, with telecommunications and industrials as the best-performing sector. The Nasdaq composite traded 0.8 percent higher. Futures fell sharply before the open, with the Dow tipped to open 300 points lower at one point. More»