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        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 - 2018-02-08 06:00:11
Most Asian indexes climbed on Thursday after last session's rally stalled late in the trading day. Gains in the region followed the slightly lower close seen on Wall Street as U.S. bond yields rose. In Tokyo, the Nikkei 225 jumped 1.42 percent after closing barely in positive territory in the last session. Financials, automakers and manufacturers traded higher: Toyota rose 2.74 percent, Fanuc Manufacturing gained 3.96 percent and Mitsubishi UFJ Financial Group was up 1.12 percent. Technology shares were mixed: Nikon advanced 1.44 percent while Nintendo slid 0.94 percent. Reinsurance company Swiss Re said it was in talks with SoftBank over a "potential minority investment." According to the Wall Street Journal, SoftBank is looking for an up to $10 billion stake in the company. Separately, the Japanese conglomerate announced on Wednesday it was making preparations to list its domestic telecommunications arm, SoftBank Corporation. Shares of SoftBank reversed early losses to climb 0.61 percent. In Seoul, the Kospi gained 1.04 percent after finishing in negative territory on Wednesday. Heavily weighted technology stocks gained, with chipmaker SK Hynix climbing 3.94 percent to extend last session's gains. Samsung Electronics gained 1 percent, appearing to shrug off news that its chairman, Lee Kun-hee, was suspected of tax evasion. South Korean manufacturers were a mixed picture. Steelmaker Posco traded flat, Hyundai Steel edged up 0.37 percent and Samsung Engineering added 0.33 percent. Down Under, the S&P/ASX 200 edged up 0.24 percent as losses in the energy and materials sectors were offset by gains in the heavily weighted financials sub-index, which rose 0.75 percent. More»
Amwal Al Ghad English - 2018-02-07 06:31:36
European stocks reduced some of their earlier losses in afternoon trade Tuesday after tumbling 3 percent in the early hours of the session. The pan-European Stoxx 600 closed provisonally 2.28 percent lower with every sector in the red. Banks and insurance stocks were among the most impacted by the sell-off, down by more than 2.7 percent for the day. The FTSE 100 closed down 146 points, or 2.42 percent at 7157. It had earlier hit a one-year low, by shedding 255 points at the open. Overall, there was a sea of red across the European benchmark with only a handful of companies trading above the flatline. Austria Microsystems was a rare bright spot, rising 13 percent on the day. The Apple supplier said that an investment partner agreed to fund 25 percent of its planned $600 million spending this year, Reuters reported. BNP Paribas reported a worse than expected net profit for its fourth quarter of 2017, falling 1.1 percent to 1.43 billion euros ($1.77 billion) and missing market expectations. The stock fell 3.26 percent across the session. More»
Amwal Al Ghad English - 2018-02-07 05:54:34
Most Asian markets advanced on Wednesday, retracing losses made in the last session, after major U.S. indexes finished their Tuesday session higher. Japan's Nikkei 225 jumped 1.35 percent following last session's tumble. Automakers, technology names and financials were broadly higher following broad-based declines seen in the last session: Toyota rose 3.38 percent, Sony gained 2.36 percent and SoftBank Group soared 3.47 percent. Among other blue chips, Fanuc Manufacturing shed 0.54 percent and Fast Retailing was off by 0.07 percent.South Korea's Kospi reversed early gains to slide 0.63 percent. Heavyweight tech names, which were firmly in positive territory in the morning, traded mixed: Samsung Electronics slid 1.56 percent while rival chipmaker SK Hynix jumped 3.13 percent. The manufacturing sector traded in negative territory, with steelmaker Posco down 1.47 percent. The junior Kosdaq index climbed 0.86 percent. Over in Sydney, the S&P/ASX 200 bounced 0.89 percent as energy and materials stocks led gains. Among major miners, Rio Tinto and BHP tacked on 3.92 percent and 1.88 percent, respectively. Energy-related stocks edged up: Santos advanced 1.11 percent and Beach Energy climbed 4.22 percent. Gold producers were among the worst-performers on the day, with the sector declining 1.81 percent. Hong Kong's Hang Seng Index rose 1.26 percent, tracking the move higher stateside. Gains were seen across sectors on Wednesday, with tech giant Tencent jumping 3.41 percent. Heavily weighted financial names also recorded gains: HSBC rose 1.37 percent, China Construction Bank gained 1.32 percent and Bank of China soared 1.37 percent. Property names were a mixed picture after getting some relief earlier. China Evergrande Group rose 4.66 percent, but Country Garden slipped 0.14 percent. More»
Amwal Al Ghad English - 2018-02-05 06:08:36
Asian markets fell across the board on Monday, following a sharp decline in U.S. stocks on Friday on a stronger-than-expected jobs report that sent interest rates higher. In Australia, the ASX 200 fell 100.90 points, or 1.65 percent, to 6,020.50, with all sectors declining. The heavily weighted financial subindex was down 1.44 percent, while the energy and materials sectors fell 2.68 percent and 2.22 percent, respectively. The biggest banking names in the country fell: Shares of ANZ were down 1.44 percent, Commonwealth Bank declined 1.41 percent, Westpac was down 1.32 percent and the National Australia Bank fell 1.45 percent. Major Australian miners were also down. Rio Tinto shares fell 2.16 percent, Fortescue was down 0.4 percent and BHP Billiton declined 2.27 percent. In Japan, the Nikkei 225 fell 2.34 percent in afternoon trade, while the Topix index was down 2.12 percent. South Korea's Kospi index fell 1.34 percent. More»
Amwal Al Ghad English - 2018-02-03 06:36:27
Asian shares came under pressure on Friday after Wall Street closed mixed and yields on U.S. government debt rose in the last session. Japan's Nikkei 225 resumed its slide, closing down 0.9 percent, or 211.58 points, at 23,274.53 after snapping a six-day losing streak in the previous session. Technology names were mostly lower, with heavyweight SoftBank falling 1.4 percent. Among other large cap names, Fanuc Manufacturing lost 1.3 percent and Fast Retailing lost 1.96 percent by the end of the session. Airlines were also lower on the day, with ANA Holdings closing down 4.06 percent. Shares of Nomura Holdings finished the session down 2.89 percent, underperforming other financials, after the company announced third-quarter earnings on Thursday. Net income for the quarter rose around 25 percent on year to 88 billion yen ($804.8 million). More»
Amwal Al Ghad English - 2018-02-03 06:32:35
European equities closed lower on Friday afternoon as investors digested further earnings reports. The pan-European Stoxx 600 closed Friday provisionally 1.38 percent lower with every sector trading in negative territory. The index recorded its biggest weekly loss since November 2016 mainly driven by banking stocks and higher yields. Deutsche Bank reported a net loss of about 497 million euros for 2017— its third annual consecutive loss. The stock fell more than 11 percent over the week. Caixa Bank also fell heavily after reporting its latest numbers. The Spanish bank reported a quarterly net profit that was down by 70 percent from the third quarter. Danske Bank bucked the trend was the best performing bank, up by 1.2 percent ion the day, after fourth-quarter numbers beat analyst expectations. Autos were another poorly performing sector. This was after Finnish police decided to start a criminal investigation into the tire-maker Nokian Tyres for alleged product test manipulation. The stock dropped to the bottom of the European benchmark, finishing down by 7 percent. In the U.K. market, BT reported a pre-tax profit increase below analysts expectations, which sent shares down sharply. AstraZeneca saw sales falling 5 percent in 2017 but it foresees a small increase in drug sales this year. The stock initially fell but then closed higher by more than 3 percent on the promise of growth. On Thursday, the yield on the 30-year Treasury bond crossed the 3 percent level for the first time since May, while the 10-year yield rose above 2.8 percent for the first time in since 2014. This after wage data pointed towards rising inflation in the U.S. In the U.S. stocks slipped sharply as investors noted the effect of rising yields. More»
Amwal Al Ghad English - 2018-02-03 06:26:42
U.S. stocks fell sharply on Friday after a stronger-than-expected jobs report sent interest rates higher. The Dow Jones industrial average dropped 665.75 points to close at 25,520.96, capping off the index's sixth-largest points decline ever. The 30-stock index also fell below 26,000. Friday also marked the first time since June 2016 that the Dow fell at least 500 points. The S&P 500 fell 2.1 percent and finished at 2,762.13, with energy as the worst-performing sector. The Nasdaq composite plunged 1.96 percent to 7,240.95 as a decline in Apple and Alphabet offset a strong gain in Amazon shares. The Dow posted its worst day since June 2016. The S&P 500 and Nasdaq had their biggest one-day fall since September 2016 and August 2017, respectively. "The key for the market today is rising interest rates," said Mike Baele, managing director at U.S. Bank Wealth Management. "The old adage is: 'Bull markets don't die of old age, they are killed by higher interest rates.' That looms large." The U.S. economy added 200,000 jobs in January, according to the Bureau of Labor Statistics. Economists polled by Reuters expected growth of 180,000. Wages, meanwhile, rose 2.9 percent on an annualized basis. More»
Amwal Al Ghad English - 2018-02-01 06:22:58
European markets closed lower Wednesday afternoon as investors digested corporate earnings and awaited the next policy decision from the U.S. Federal Reserve.The pan-European Stoxx 600 closed 0.17 percent lower with business sectors pointing in different directions. While the French and German bourses ended Wednesday's trade close to the flat line, the U.K. FTSE dropped in afternoon trade to close 0.72 percent lower. Europe's media stocks were the biggest gainers Wednesday afternoon, with the sector up over 0.6 percent amid news of several rating updates. Morgan Stanley announced it had upgraded its stock recommendation for Telenet to "equal weight" from "underweight" on Wednesday. The Belgian media firm gained throughout the day and was up nearly 3 percent at the end of trade. Healthcare was the poorest performing sector, down 1.17 percent, but retail was also significantly into the red, 0.67 percent lower. Swedish clothing retailer H&M was the biggest laggard, with stock down 10.6 percent as the company's latest earnings report was accompanied by news that it hadstruggled to adapt to online retail. Looking at individual stocks, Britain's Capita tumbled to the bottom of the European benchmark after the outsourcing group announced another profit warning. Two weeks after Carillion collapsed under a weight of debt, Capita said it would need to restructure after lowering its 2018 profit forecast 30 percent — or £120 million ($170 million). Its shares tanked 47.5 percent on the news.Elsewhere, Banco Santander reported a 4 percent fall in fourth-quarter net profit from a year earlier. Spain's biggest lender said Wednesday that solid underlying results had been offset by extraordinary impairments in its U.S. unit. Its shares finished the day's trading up 0.9 percent. Stateside, stocks were sharply higher in morning trade, rebounding from a two-day sell-off on positive corporate earnings news. The Dow Jones industrial average briefly traded 261 points higher. U.S. Federal Reserve Chair Janet Yellen is presiding over her last meeting in the top job Wednesday, although the institution is expected to leave interest rates unchanged. In U.S. political news, President Donald Trump called on Republicans and Democrats Tuesday to work towards a compromise over immigration and infrastructure legislation in his first State of the Union address since assuming office. More»
Amwal Al Ghad English - 2018-02-01 06:19:22
U.S. stocks rose on Wednesday, capping off a strong start to 2018. The Dow Jones industrial average and S&P 500 notched their best monthly performances since March 2016. The Dow gained 72.5 points to close at 26,149.39, with Boeing rising 4.9 percent and hitting an all-time high. The S&P 500 rose 0.1 percent and finished at 2,823.81, with real estate as the best-performing sector. The Nasdaq composite advanced 0.1 percent to close at 7,411.48. For the month, the Dow and S&P 500 posted gains of 5.6 percent and 5.8 percent, respectively. The Nasdaq meanwhile, rose 7.3 percent for the month, its best monthly gain since October 2015.The major indexes briefly turned negative Wednesday after a statement from the Federal Reserve sent interest rates higher. "The combination of the Fed and the fact that people want to book an awesome month could've taken us lower" earlier in the session, said Jeremy Klein, chief market strategist at FBN Securities. The Fed left rates unchanged, but said it expects inflation to move "up this year and to stabilize" around its 2 percent target. Treasury yields rose on the back of the statement. The benchmark 10-year yield rose to 2.75 percent, before trading at 2.72 percent, while the two-year yield held around 2.15 percent. More»
Amwal Al Ghad English - 2018-02-01 05:56:04
Asian indexes traded mostly higher on Thursday after stocks in the region sold off earlier this week. The moves also followed moderate gains on Wall Street following the Federal Reserve's decision to keep rates unchanged. The benchmark Nikkei 225 index surged 1.23 percent, as investors looked to snap a six-day losing streak. Energy-related stocks were higher as oil prices recovered: Inpex rose 2.36 percent and JXTG Holdings gained 2.97 percent. Nintendo shares reversed gains to decline 1.48 percent after the company on Wednesday announced third-quarter profit rose 261 percent to 116.5 billion yen ($1.07 billion), beating forecasts. The company said earlier Thursday it would partner with U.S. studio Illumination to produce a film about Nintendo character Mario. Other technology sector names were mixed, with SoftBank up 0.99 percent. Automakers, financials and retailers traded in positive territory. Index heavyweight Fast Retailing rose 1.6 percent. In South Korea, the Kospi edged up 0.13 percent. Technology stocks were mixed, with Samsung Electronics rising 0.16 percent and SK Hynix adding 1.09 percent. The manufacturing space mostly recorded gains, with steelmaker Posco trading higher by 3.68 percent. Over in Sydney, the S&P/ASX 200 gained 0.9 percent on broad based strength across most sectors. The heavily weighted financials and materials sectors were up 1.17 percent and 1.06 percent, respectively. Oil stocks were also higher after crude continued its recovery. More»