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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        

The Watch - forex news

Amwal Al Ghad English - 2017-08-19 06:54:54
Gold jumped to its highest in more than nine months on Friday as the dollar retreated on political uncertainty in the United States and a suspected Islamist attack in Spain boosted bullion's safe-haven appeal. Spot gold, flat at 1,288.06 per ounce in trading Friday, earlier in the day touched its highest since Nov. 9 at $1,300.80 per ounce. U.S. gold futures for December delivery rose settled down at $1,291.60 per ounce. "There is clearly more for financial markets to be concerned about," Danske Bank analyst Jens Pedersen said, referring to U.S. political uncertainty and the attack in Spain. "That has led to a risk-off environment, and that's supportive for gold." Spain mounted a sweeping anti-terrorism operation on Friday after a suspected Islamist militant drove a van into crowds in Barcelona, killing 13 people in what police suspect was one of a planned wave of attacks. More»
Amwal Al Ghad English - 2017-08-19 06:51:04
Dollar prices fell against a basket of major currencies on Friday as continued uncertainty over the economic agenda of U.S. President Donald Trump pushed investors out of the greenback. The dollar dropped to a four-month low against the yen in early trading but retraced some of its losses after rumors began to swirl about the impending firing of White House senior adviser Steve Bannon. The White House confirmed Bannon's exit in a statement Friday afternoon. As Trump's chief strategist, Bannon has been seen as representing a right-wing political faction that critics have said encourages white supremacists like those involved in the deadly rioting last weekend in Charlottesville, Virginia. Bannon has been also seen by some market participants as an opposing force to Trump's chief economic adviser, Gary Cohn, and Treasury Secretary Steve Mnuchin. More»
Amwal Al Ghad English - 2017-08-17 06:38:03
U.S. dollar prices were on the defensive on Thursday after the minutes from the Federal Reserve's last policy meeting showed policymakers were increasingly wary of recent softness in inflation and could delay a rate hike. The readout of the July 25-26 meeting showed some members called for halting interest rate hikes until it was clear the inflation trend was transitory, but it also indicated the Fed was poised to begin reducing its $4.2 trillion portfolio of bonds. The dollar also stepped back to 109.84 yen, down 0.3 percent from late U.S. trade and down more than a full yen from Wednesday's high of 110.95. The dollar's index against a basket of six major currencies slipped to 93.39 from Wednesday's three-week high of 94.145. More»
Amwal Al Ghad English - 2017-08-16 06:02:49
Oil prices rose early on Wednesday on a fall in U.S. crude inventories, although analysts said that markets were still being weighed down by general oversupply. Brent crude futures, the international benchmark for oil prices,were at $51.01 per barrel at 0023 GMT, up 21 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $47.70 a barrel, up 15 cents, or 0.3 percent. "API oil inventory data for last week was released showing a large 9.2 million barrel decline in crude inventories, while gasoline inventories showed a small build. The market took this as a mildly bullish report," said William O'Loughlin, investment analyst at Rivkin Securities. U.S. crude inventories fell by 9.2 million barrels in the week to Aug. 11 to 469.2 million, industry group the American Petroleum Institute said on Tuesday. More»
Amwal Al Ghad English - 2017-08-16 05:59:19
Dollar prices were steady in Asian trade on Wednesday, holding onto most of its gains made after strong U.S. retail sales data kept alive the chance of another Federal Reserve interest rate hike this year. Minutes from the Fed's July meeting will be released later on Wednesday, and will be watched for clues on the timing of rate hikes as well as whether the Fed is likely to announce a reduction in its balance sheet at its September meeting. "I can't expect anything hawkish from the minutes," said Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo. "In the end, I think the Fed will raise interest rates as early as December this year, and this is not fully priced in the market."He said there was a still a chance for further dollar gains if market participants began to price in higher probability of a rate increase. Fed fund futures are now showing a slightly better-than-even chance for a hike this year. The dollar index, which tracks the greenback against a basket of six major rival currencies, was flat on the day at 93.835, well above its 15-month low of 92.548 plumbed earlier this month. More»
Amwal Al Ghad English - 2017-08-15 06:36:13
Oil prices steadied in early Asian trade on Tuesday after sharp falls the session before when a stronger U.S. dollar and a drop in Chinese refining runs hit the market. Global benchmark Brent crude futures were up 6 cents, or 0.12 percent, at $50.79 at 0122 GMT. That was just above their 100-day moving average, briefly breached in the previous session. U.S. West Texas Intermediate crude futures were also up 6 cents, or 0.13 percent, at $47.65 a barrel. Oil prices tumbled more than 2.5 percent on Monday in volatile trade. Chinese oil refineries operated in July at their lowest daily rates since September 2016, official data showed on Monday, to ease brimming inventories as state-owned oil giants faced off independents in a retail petrol price war. Analysts said the drop was steeper than expected, exacerbating concerns that a glut of refined fuel products could weaken Chinese demand for oil. The dollar firmed on Tuesday after North Korea's leader signaled that he would delay plans to fire a missile near Guam, further easing tensions and prompting investors to move back into riskier assets. Oil prices had earlier on Monday been supported by reports that Libya's top oilfield had cut its output by 30 percent on security concerns. Efforts by the Organisation of the Petroleum Exporting Countries and other oil producers to limit output have helped lift Brent past $50 a barrel, but concerns remain that these efforts could be undermined by producers in the U.S. and other countries. U.S. shale oil production is expected to grow for its ninth consecutive month in September to 6.15 million barrels per day, the U.S. Energy Information Administration said on Monday. More»
Amwal Al Ghad English - 2017-08-15 06:33:25
U.S. dollar prices rose against the yen on Tuesday, pulling away from a recent four-month low, as concerns over tensions between the United States and North Korea eased for now, supporting risk appetite. Both the yen and the Swiss franc sagged after North Korea said it had delayed a decision on a plan to fire missiles at the U.S. Pacific territory of Guam. That news helped ease investor worries about the risk of a conflict between the United States and North Korea, improving sentiment toward riskier assets. "If we continue to see the North Korea tensions kept in the background, there's some room for dollar/yen to tick up higher, perhaps to 111, maybe as far as 112," said Sim Moh Siong, FX strategist for Bank of Singapore. The dollar rose 0.6 percent to 110.26 yen, pulling away from a low of 108.72 yen set on Friday, its lowest level since April 19. Some traders said the greenback also was lifted by New York Fed President William Dudley saying in an interview that he favored another interest rate hike this year if the economic conditions evolved in line with his expectations. More»
Amwal Al Ghad English - 2017-08-14 06:44:18
Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising U.S. shale output suggested supplies would likely remain high. Brent crude futures, the international benchmark for oil prices,were at $52.00 per barrel at 0504 GMT, down 10 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $48.78 a barrel, down 4 cents, or 0.1 percent. Chinese refineries processed 0.4 percent more crude oil in July than a year earlier at 45.5 million tonnes, or about 10.71 million barrels per day (bpd), data from the National Bureau of Statistics showed on Monday. This would be the lowest amount on a daily basis since September 2016, according to Reuters calculations based on official data. "Runs were slightly below our expectations, as fuel demand growth remained tepid and stocks were brimming," said Harry Liu, a downstream consultant with IHS Markit. More»
Amwal Al Ghad English - 2017-08-14 06:39:52
The dollar edged higher against the yen on Monday, pulling away from last week's near 4-month low, with rising tensions between the United States and North Korea seen as the key to the near-term outlook. The dollar rose 0.3 percent to 109.52 yen, getting some respite after having fallen to as low as 108.72 yen on Friday, its lowest since April 19. The dollar, which had come under pressure on Friday after softer-than-expected U.S. inflation data for July dampened expectations for another Federal Reserve interest rate hike this year, still faces potential headwinds against the yen from geopolitical tensions, analysts say. "This uncertainty isn't going to disappear immediately," said Masafumi Yamamoto, chief currency strategist for Mizuho Securities in Tokyo. "The dollar is now close to the bottom of a 108 yen to 115 yen range. If tensions escalate further, then there would be an increased risk of a drop to levels below 108 yen," he said. The dollar has traded roughly between 108 yen and 115 yen in the past several months, and has support on technical charts at 108.13 yen, the low struck on April 17. More»
Amwal Al Ghad English - 2017-08-12 11:25:42
Oil prices edged higher on Friday but made another weekly decline after the International Energy Agency said market rebalancing was taking time due to weak OPEC compliance with output cuts. Brent crude, the global benchmark, was up 10 cents at $52 per barrel by 2:37 p.m. ET (1837 GMT). On Thursday, the contract touched an 11-week high at $53.64. U.S. West Texas Intermediate (WTI) crude ended Friday's trade up 23 cents at $48.82 a barrel, after falling to a 2½ week low of $48.01 earlier in the session. The contract fell 1.5 percent this week, its second straight weekly decline, as doubts remain that the world will consume enough crude to end a global glut. "There would be more confidence that re-balancing is here to stay if some producers party to the output agreements were not, just as they are gaining the upper hand, showing signs of weakening their resolve," the IEA said in its monthly report. The IEA said OPEC's compliance with the cuts in July had fallen to 75 percent, the lowest since the cuts began in January. It cited weak compliance by Algeria, Iraq and the United Arab Emirates. Faced with lingering global glut woes, OPEC and some non-OPEC members including Russia in May extended a deal to cut oil production. The Organization of the Petroleum Exporting Countries reported on Thursday another increase in the oil cartel's production, even though it raised outlook for oil demand in 2018. OPEC said its oil output rose by 173,000 barrels-per-day (bpd) in July to 32.87 million bpd. Rising output from Nigeria and Libya is undermining the oil producers' attempt to limit oil production. Nigeria and Libya are exempted from curbing output as they seek to restore supplies hurt by internal conflicts. Meanwhile, Russian oil producer Gazprom Neft is considering resuming production in mature fields after the OPEC-led production cut agreement, a representative of the company said on Thursday. Saudi Arabian Energy Minister Khalid al-Falih said the kingdom did not rule out additional oil production cuts, the Saudi-owned Al Sharq Al Awsat newspaper reported on Friday. "Crude oil prices failed to hold recent gains, with a nervous market starting to doubt recent falls in inventories," ANZ bank said in a note. "Supply-side issues also weighed on prices." Official data showed crude inventories in the United States, the world's top oil consumer, fell sharply by 6.5 million barrels in the week ending to Aug. 4, as refiners ramped up run rates to the highest in 12 years due to strong demand. On Friday, energy services company Baker Hughes reported drillers last week added three rigs in the United States, bringing the total oil drilling rig count to 768. Last week, data showed U.S. energy companies cut oil rigs for a second week in three, slowing the pace of a 15-month drilling recovery. Meanwhile, U.S. President Donald Trump stepped up his rhetoric against North Korea again on Thursday, saying his earlier threat to unleash "fire and fury" on Pyongyang if it launched an attack may not have been tough enough. "I think the issue that is affecting the market is the general risk sentiment of saber-rattling between Washington and Pyongyang," said Michael McCarthy, chief market strategist at CMC Markets. More»