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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        

The Watch - Indices news

Amwal Al Ghad English - 2015-01-12 09:15:07
The euro could reach parity with the dollar by January 2017 — and it could fall as low as 90 cents by January 2018, Goldman Sachs said Friday in a research note. Goldman GS, -1.53% revised its forecasts for several currency pairs to reflect what it predicts will be a prolonged period of dollar strength DXY, +0.43% as the U.S. economy continues to show strong growth ahead of imminent interest-rate increases by the Federal Reserve. Goldman said while the eurozone emerged from its sovereign debt crisis in mid-2012, the region continues to struggle with crises related to faltering growth and competitiveness, according to Goldman analysts Robin Brooks, Fiona Lake and Michael Cahill. As a result the euro EURUSD, -0.26% is likely to continue to fall relative to the dollar The bank also lowered its year-end 2015 forecast for the euro’s  value relative to the pound EURGBP, +0.06% to £0.73, from its previous forecast of £0.75. It left its year-end 2016 and year-end 2017 forecasts unchanged at £0.70 and £0.65 pounds. In other currency trading, Goldman said it now expects the Australian dollar to weaken to 75 cents by the end of 2015, down from its previous forecast of 79 cents as commodity prices continue to weaken. It expects the aussie to hold that level through 2017. Goldman made their last downward revision to the euro after ECB President Mario Draghi’s speech at the Federal Reserve’s conference at Jackson Hole, Wyo. in August. More»
Amwal Al Ghad English - 2015-01-12 07:27:53
Global oil prices extended their slide on Monday as Goldman Sachs lowered its short-term price outlook, while refineries in Ohio and Pennsylvania were hit by fires over the weekend, curtailing demand for crude in the U.S. Both Brent and U.S. crude are at their lowest since April 2009 and have ended down for the past seven straight weeks. Analysts at Goldman Sachs lowered their three-month price forecast for Brent to $42 a barrel from $80. They set their forecast for U.S. crude at $41 a barrel, down from $70, adding it would need to stay near $40 for most of the first half of 2015 before it would hold up shale oil investments. "To keep all capital sidelined and curtail investment in shale until the market has rebalanced, we believe prices need to stay lower for longer," the analysts said in a report. U.S. crude oil futures for February fell 84 cents to $47.52 per barrel by 0437 GMT. The February Brent contract was down 80 cents at $49.31 a barrel, after trading more than $1 lower earlier in the session. New oil and gas well permits issued across the United States rose slightly in December after falling sharply in November on tumbling crude prices, data showed. The drop in November pointed to a potential slowdown in the shale oil and gas boom that brought the United States into competition with Saudi Arabia for being the second largest crude producer behind Russia. More»
Amwal Al Ghad English - 2015-01-12 07:25:36
The U.S. dollar took a dip on Monday as Asian investors caught up with a benign payrolls report and the subsequent slide in Treasury yields, while oil prices showed no sign of escaping their downward spiral. Share markets were mostly lower following a soft finish on Wall Street though sentiment was supported by speculation the Federal Reserve would be patient in tightening policy given the weakness of wages apparent in the jobs numbers. Wages fell by the most since the series began in 2006 even as payrolls increased by a brisk 252,000. Treasury yields fell sharply on the news as the market pushed out the likely timing of the first rate hike, which in turn undercut the dollar. The greenback slipped as far as 118.12 yen on Monday, reaching a low last seen on Jan. 6, before steadying at 118.25. The euro edged up to $1.1855 and away from last week's nine-year trough of $1.1754. The dollar index eased to 91.838, off a nine-year peak of 92.528 scaled last week. With Tokyo on holiday, there was little initial reaction to news Japan's government planned a record budget for next fiscal year of more than $800 billion as Prime Minister Shinzo Abe seeks to shore up the economy. More»
Amwal Al Ghad English - 2015-01-10 07:36:37
Investors hope the lower gasoline cost is putting more money in consumers' wallets for spending on apparel and other retail goods. The next two weeks will indicate whether that's happening. The coming weeks, as the fourth-quarter earnings season gets underway, are among the more active periods of the year for retailers to issue earnings preannouncements. The fourth quarter includes the crucial holiday shopping season. An industry conference, the ICR Xchange in Orlando, Florida, which starts on Monday, is a particular area of focus. Analysts expect companies presenting at the conference - which include Lululemon Athletica (LULU.O), Big Lots (BIG.N) and Guess (GES.N) - to shine a light on holiday trends and discuss business expectations for 2015, and in some cases update their outlooks. The early indications have been supportive, with a number of retailers reporting strong December sales this week. J.C. Penney Co (JCP.N), American Eagle Outfitters (AEO.N) and Aeropostale Inc (ARO.N) all had strong results, though Macy's (M.N) disappointed. More»
Amwal Al Ghad English - 2015-01-08 09:40:54
The yen fell against the dollar and the euro in Asian trade Thursday, with a recovery in the Nikkei Stock Average inviting selling of the safe-haven Japanese currency. The dollar USDJPY, +0.39% was at ¥119.84 compared with ¥119.16 late Wednesday in New York. The euro EURJPY, +0.02% was at ¥141.66 from ¥141.01. The U.S. currency remained rangebound in early Asian trade but started gaining upward momentum as the Nikkei index NIK, +1.67% advanced further mid-morning. With the benchmark index recouping some of its losses earlier this week, the greenback rose to as high as ¥119.82. “The stock markets are driving the gains” in the dollar against the yen, said Ayako Sera, head of market research team at Sumitomo Mitsui Trust Bank. Given a slight rise in oil prices during Asian trade from below $50 a barrel, “a mood of risk-off stemming from (weaker) crude oil prices is taking a breather for now,” she said. It depends on whether the stock market rebound will persist,” said Koji Fukaya, chief executive at FPG Securities. More»
Amwal Al Ghad English - 2015-01-07 08:26:36
Gold prices had their modest three-day win streak put in jeopardy on Wednesday, as investors tiptoed back into equities after their brutal stretch to start the year. At last check, gold for February delivery GCG5, -0.35% was down $5.80, or 0.5%, to $1,213.60 an ounce, while March silver SIH5, -1.21% shed 20 cents, or 1%, to $16.44 an ounce. A day earlier, gold prices rallied as its shine as a safe haven was burnished by the fact that the S&P 500 SPX, -0.89% extended its losses in 2015 to almost 3%. Incidentally, that’s about the same amount that gold had risen since the ball dropped on the new year. On the economic front, the ADP employment report at 8:15 a.m. Eastern Time will serve as an appetizer for Friday’s jobs report, while the trade-balance numbers for November will be released 15 minutes later. After the market closes, we’ll get a look at the Federal Open Market Committee minutes from mid-December. See: The Fed is heading for another catastrophe Leon Westgate of Standard Bank says there’s a lot that could go wrong for gold prices, whether it be the eurozone, the FOMC minutes or the jobs report. “Gold is surprisingly firm given all the noise,” he said. “However, this seems to be explained by a key technical break higher through €1,000 in Euro gold.” In other metals trading, palladium for March delivery PAH5, -0.09% added 75 cents to $799.65 an ounce, while April platinum PLJ5, -0.07% gave up $1.80 cents to $1,219.60 an ounce. High-grade copper for March delivery HGH5, -0.16% dropped a penny to $2.76 a pound. More»
Amwal Al Ghad English - 2015-01-07 07:46:47
The yen dropped from the strongest in three weeks against the dollar as U.S. stock futures signaled gains after five days of losses, damping demand for safer assets. Japan’s currency fell versus all of its 16 major peers having rallied against all of them so far in 2015. The dollar climbed to a nine-year high versus the euro before the Federal Reserve releases minutes of its December meeting amid signs policy makers are moving toward raising interest rates. The euro fell for a fourth day before a report that economists said will show consumer prices in the region fell for the first time since 2009. Malaysia’s ringgit slumped for a fourth day. “Equity declines have moderated in Tokyo trading,” said Kumiko Ishikawa, a currency analyst at Research Institute Ltd. “While the drop in stocks and oil could be seen as a bit overdone, there’s still a strong sense of risk aversion in the market. The yen is weakening now, but I don’t expect it will suddenly drop back to 120 per dollar.” The yen fell 0.6 percent to 119.04 per dollar at 6:51 a.m. in London after appreciating to 118.06 yesterday, the strongest level since Dec. 17. Japan’s currency slid 0.4 percent to 141.26 per euro. The dollar gained 0.2 percent to $1.1867 per euro after advancing to $1.1843, the most since February 2006. Futures on the Standard & Poor’s 500 Index expiring in March gained 0.3 percent. Stocks have slumped around the world this year as oil tumbled to the lowest level since 2009 and Greece began an election campaign that may result in the nation leaving the euro. More»
Amwal Al Ghad English - 2015-01-07 07:40:33
Oil prices hit fresh five-and-a-half-year lows on Wednesday as global business growth slowed to its weakest level in a year and analysts said a building supply glut meant that more falls were likely before a rebound. The pace of global business growth eased to its weakest rate in over a year at the end of 2014 as rates of expansion slowed in both the manufacturing and service industries, according to JPMorgan's Global All-Industry Output Index, produced with Markit. Benchmark Brent crude futures LCOc1 fell to $50.47 a barrel, their lowest level since May 2009, before edging back to $50.60 a barrel by 1. a.m. ET. U.S. futures CLc1 fell to April 2009 lows of $47.27 a barrel before edging back to $47.37. Oil markets had slumped for a fourth straight session on Tuesday as mounting worries about the supply glut pressured crude prices, which have fallen almost 10 percent this week. "The risks to oil prices remain skewed to the downside in the near term," ANZ bank said in a note on Wednesday. More»
Amwal Al Ghad English - 2015-01-07 07:33:54
The euro hit a nine-year trough on Wednesday as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe-haven sovereign debt. From Japan to Germany to Australia, government borrowing costs reached all-time lows as oil fell 10 percent in just two days and investors wrestled with the risk of global deflation. Asian share markets did try to steady after recent steep falls and European bourses were projected to open a shade firmer, but the gains were hostage to euro zone inflation data due later Wednesday. The figures are expected to show the first annual fall in consumer prices since 2009, piling pressure on the European Central Bank to launch all-out quantitative easing at its next policy meeting on Jan 22. "We expect the ECB to announce a sovereign QE program on 22 January, and the first purchases to probably start in the following week," said Citi economist Guillaume Menuet. "Given the sizeable decline in market-based inflation estimates and the likelihood of a negative print for the December flash estimate, we doubt that the ECB will choose to wait," he added. "Investors would probably react very negatively to a “no QE” announcement." More»
Amwal Al Ghad English - 2015-01-05 07:55:23
The euro fell to a nine-year low against the dollar on Monday as bets mounted that the currency will suffer further declines, faced with the possibility of more monetary easing by the European Central Bank and its diminishing status as a reserve currency. The euro was in retreat after ECB President Mario Draghi late last week underscored the divergence between European and U.S. monetary policy, which is set to remain a key theme in 2015. The common currency fell to $1.1860 in early Asian trade, its lowest since March 2006. It last stood at $1.1950, down 0.4 percent on the day. The euro also fell against the yen, stooping to a two-month low of 146.36 yen. The euro shed nearly 12 percent against the dollar in 2014 with the Federal Reserve poised to hike rates in 2015 thanks to a recovering economy while ECB's monetary policy is so far headed in the opposite direction. More»