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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        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        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        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        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 - 2018-01-24 11:26:28
European indices traded steadily on Wednesday as investors keep an eye on important economic data due later in the day. By 08:50 am GMT, the Eurozone’s main index Stoxx 600 inched down 0.02% to 402.72 points, while the UK’s FTSE 100 fell by 0.26 percent to 7,711.90 points. Meanwhile, France’s CAC 40 declined 0.1 percent to 5,529.52, and Germany’s DAX rose 0.07 percent to 13,568.96. The Eurozone’s manufacturing and services sectors’ data is due at 09:00 am GMT, while the UK’s average earnings and unemployment rate reports are due at 09:30 am GMT. The euro last climbed 0.36 percent against the US dollar to $1.2343. More»
Amwal Al Ghad English - 2018-01-24 06:04:53
Asian markets traded mixed on Wednesday after most indexes in the region recorded significant gains in the last session. Meanwhile, the dollar continued its decline against a basket of other currencies. The Nikkei 225 slid 0.76 percent one day after the index hit a fresh 26-year high. The decline came as the dollar continued its fall against the yen. Major automakers, financials and manufacturing companies recorded declines, but some retailers clung to moderate gains. Fast Retailing, however, declined 0.75 percent. Major tech names were also broadly lower: Nikon fell 1.36 percent and Sony tumbled 4.75 percent.Data released Wednesday showed the country's exports increased 9.3 percent last month when compared to one year ago, Reuters said. While that was below the 10.1 percent forecast in a Reuters poll, the value of Japan's December exports to Asia still rose to a new record. Over in Seoul, the benchmark Kospi index gave up early gains to trade lower by 0.04 percent. The technology sector was a mixed picture, with Samsung Electronics and SK Hynix higher by 0.57 percent and 1.26 percent, respectively. LG Electronics declined 6.39 percent. More»
Amwal Al Ghad English - 2018-01-23 06:45:37
Stocks closed higher on Monday, erasing slight losses from earlier in the session, as U.S. lawmakers reached a deal that would resume government operations. The S&P 500 rose 0.8 percent to close at a record of 2,832.97, with energy and telecommunications as the best-performing sectors. The Nasdaq composite also reached an all-time high, advancing 1 percent to 7,408.03, with shares of Netflix hitting a record. The Dow Jones industrial average gained 142.88 points to close at 26,214.60, an all-time high.Stocks kicked off the session trading lower, but quickly erased those losses. "The market has been through this enough times and understands Republicans and Democrats will come to an agreement," said Mark Heppenstall, CIO at Penn Mutual Asset Management. Members of the senate reached a short-term compromise to keep the government open through February 8. Democratic Sen. Mark Warner said the party has the assurance it needs on the budget and immigration issues. More»
Amwal Al Ghad English - 2018-01-23 06:36:36
Major Asian indexes rose on Tuesday following the stronger lead from Wall Street after U.S. lawmakers reached a deal to end a government shutdown. Investors also digested the Bank of Japan's decision to keep monetary policy steady. Japan's Nikkei 225 rose 1.23 percent after closing barely in positive territory in the previous session. Automakers recorded gains in the morning. Toyota rose 0.87 percent, Honda jumped 1.86 percent and Mitsubishi Motors tacked on 2.51 percent. Technology names were also mostly higher, with SoftBank Group advancing 2.16 percent. The Bank of Japan on Tuesday held monetary policy steady following a two-day meeting, a move that was widely expected. The central bank's move to slightly trim its purchases of Japanese government bonds earlier this month led to some speculation about potential tightening, although the move away from ultra-easy policy is seen as some ways away by some in the market. More»
Amwal Al Ghad English - 2018-01-23 06:32:30
European markets look set for a higher open Tuesday morning. Of the major bourses, the German DAX is expected to gain the most, up 55 points at 13,517.7. The U.K.'s FTSE is seen 18 points higher at 7,733.1, while the French CAC is expected to open 17 points to the upside at 5,558.8. Those openings would be in line with gains made by Asian stocks on Tuesday, as well as the Dow's 142-point surge at Monday's record close. Stocks in New York rose after news that the U.S. Senate reached a deal to end an ongoing government shutdown. CEOs and political leaders are set to convene at the Swiss mountain resort of Davos as the World Economic Forum's Annual Conference gets underway Tuesday. Indian Prime Minister Narendra Modi will deliver the opening address starting at 10:15 GMT. A survey by PwC released Monday indicated that CEOs are more optimistic about the world economy than they have been for several years, despite rising angst about cybersecurity, geopolitics and terrorism, Reuters reported. In Europe, Swiss computer accessories firm Logitech and British budget airline EasyJet are slated to report their latest financial numbers. French supermarket Carrefour is set to release its transformation plan. Also on Tuesday, the European Commission is scheduled to release its monthly Flash Consumer Confidence Indicator. Brexit continues to trouble the U.K. government– in the latest news out Monday, Whitehall has come under fire from business leaders for failing to publish a report into how the British financial services industry will be affected by an exit from the European Union. In U.S. corporate news, investment management firm State Street is set to release financial results, as are consumer products giants Procter & Gamble and Johnson & Johnson. More»
Amwal Al Ghad English - 2018-01-22 12:48:53
World stocks and U.S. bond markets on Monday shrugged off a government shutdown in Washington, although the dollar pulled back as the euro continued its strong start to the year. U.S. Treasury yields, which fell during previous government shutdowns, rose as investors saw limited economic fallout from the standoff in the U.S. capital and instead focused on a global economy motoring ahead. European shares traded with little clear direction as markets focused on a flurry of mergers and acquisitions and progress towards an end to political deadlock in Germany. The pan-European STOXX 600 index was flat. Germany's .GDAXI DAX was down 0.1 percent, France's .FCHI CAC-40 was down 0.2 percent and the UK's FTSE .FTSE was unchanged. The MSCI world equity index .MIWD00000PUS, which tracks shares in 47 countries, was also flat. U.S. stock futures were down marginally after Wall Street set record highs on Friday. ESc1 Investors seem confident the conflict between President Donald Trump and Democrats can be resolved swiftly and the U.S. avoid a prolonged shutdown. More»
Amwal Al Ghad English - 2018-01-22 06:31:42
Most Asian markets traded lower on Monday as investors kept an eye on political developments in the U.S. after a government shutdown began last week. Japan's Nikkei 225 edged down 0.18 percent in afternoon trade. Automakers were mixed: Toyota declined 0.68 percent while Mitsubishi Motors tacked on 1.97 percent. Technology stocks were also a mixed picture, with Sony edging lower by 0.04 percent and SoftBank Group advancing 0.73 percent. Shares of Toshiba popped 4.04 percent. The move higher followed news that the company was contemplating listing its memory unit. An IPO was one suggestion under consideration should the $18 billion sale of its chip unit to a Bain-led consortium fail to secure approval from regulators by end-March, the Financial Times reported Monday, citing sources.Meanwhile, South Korea's Kospi declined 1.14 percent as index heavyweight Samsung Electronics fell 2.68 percent. Other technology stocks were mixed, with chipmaker SK Hynix declining 3.55 percent and LG Display gaining 0.99 percent. The manufacturing, finance and retail sectors traded lower for the most part, with steelmaker Posco losing 2.72 percent and Lotte Shopping off by 0.21 percent. More»
Amwal Al Ghad English - 2018-01-20 07:13:42
Most major indexes in Asia closed with gains on Friday although the Australian benchmark tracked lower. Wall Street, for its part, closed its Thursday session with slight losses amid political concerns. Japan's benchmark Nikkei 225 rose 0.19 percent, or 44.69 points, to close at 23,808.06. Financials closed higher on the day, with Sumitomo Mitsui Financial Group advancing 1.44 percent by the end of the session. Heavyweight Toyota tacked on 0.53 percent and Honda gained 0.65 percent by the end of the day. Among technology names, Nintendo finished the session 4.23 percent higher, extending gains following its Thursday release of new Nintendo Switch accessories. In South Korea, the Kospi tacked on 0.18 percent to end at 2,520.26. Automakers were in positive territory, with Hyundai Motor jumping 4.52 percent by the end of the session. Technology plays, however, were mostly lower. Index heavyweight Samsung Electronics erased early gains to decline 1.16 percent while rival SK Hynix fell 2.53 percent. Down Under, the S&P/ASX 200 edged down 0.15 percent to finish the session at 6,005.8. Major mining and energy-related stocks were lower, with Rio Tinto losing 1.04 percent, BHP declining 0.29 percent and Santos falling 1.34 percent by the end of the day. Hong Kong's Hang Seng Index clung to narrow gains at 3:25 p.m. HK/SIN, trading higher by just 0.02 percent, after notching its third consecutive record close in the last session. Property developers recorded gains, with Country Garden climbing 3.27 percent, while financials were mostly in negative territory. More»
Amwal Al Ghad English - 2018-01-20 07:09:54
European equities closed provisionally higher Friday as investors digested strong economic data. The pan-European Stoxx 600 provisionally closed 0.5 percent higher, hitting its highest level since August 2015, while the euro zone's Stoxx finished the session 0.8 percent higher, hitting a 10-year high. Basic resources were among the gainers following strong demand figures for metal in China. On the other hand, oil and gas stocks fell almost 0.9 percent after OPEC said it sees more oil supply in the market in 2018 from competitors. As a result, oil prices traded lower with Brent down 1.2 percent and WTI off by 1.27 percent at about 4:41 p.m. London time. On Wall Street, the Dow Jones Industrial Average slipped on the possibility of a government shutdown. The 30-stock index notched an all-time high earlier this week but has since been weighed down by politics. There is uncertainty as to whether the U.S. Senate will approve a bill to avoid the shutdown of the U.S. government later on Friday. Meanwhile, the yield on the 10-year Treasury note climbed to its highest level since 2014. Looking across the European benchmark, shares of Adidas rose to the top of the benchmark after brokerage firm Telsey Advisory Group cut its price target to 184 euros ($225) from 202 euros. The company's stock rose almost 7 percent. Shares of Steinhoff rose 6 percent after getting financial support from South African lenders to overcome an accounting scandal, Moneyweb reported. At the other end, Kingfisher dropped more than 2 percent following a profit warning from Carpetright. In terms of data, euro zone current account numbers showed Friday morning a wider account surplus in November compared to the previous month. Higher exports from the region helped the adjusted surplus to grow to 32.5 billion euros ($39.92 billion) from 30.3 billion euros in October. Retail sales in the U.K. dropped in December, despite the Christmas season, as consumers took advantage of Black Friday deals. Volumes fell by 1.5 percent month-to-month in December, worse than the consensus for a 1 percent drop. "December's plunge in retail sales confirms that November's surge merely reflected people bringing forward Christmas present shopping to take advantage of Black Friday discounts," Samuel Tombs, chief U.K. economist at Pantheon Macroeconomics, said in an email. On Thursday night, French President Emmanuel Macron said that there cannot be special access for the City of London post-Brexit. If the U.K. wants access to the single market, including the financial services industry, then it will have to contribute to the EU budget and follow European jurisdiction, Macron said following a meeting with U.K. Prime Minister Theresa May, the Financial Times reported. More»
Amwal Al Ghad English - 2018-01-20 06:43:13
Stocks closed higher on Friday as investors shrugged off worries about a possible government shutdown. The S&P 500 rose 0.4 percent to close at 2,810.30, a record high, with consumer staples as the best-performing sector. The Nasdaq composite climbed 0.6 percent to finish at 7,336.38, also a record. "The prospect of a government shutdown isn't putting a lid on this boiling market—investors simply aren't fazed," said Mike Loewengart, vice president of investment strategy at E-Trade. "For traders, many are looking beyond the beltway and finding fundamentals in US companies as sound as they've been in a long time." The Dow Jones industrial average closed 53.91 points higher at 26,071.72, despite pullbacks in IBM and American Express. On Thursday, the House passed a bill to keep the government open. The bill is now in the Senate's hands, where 60 votes are needed to send it to President Donald Trump's desk. Republicans only hold 51 seats in the Senate. Historically, a government shutdown has led to a short-term pullback in the stock market. More»