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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        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        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        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        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 - 2014-12-11 08:17:58
The Egyptian pound held steady at a central bank dollar sale on Wednesday, but weakened on the unofficial market. The bank offered $40 million and said it had sold $38.8 million at a cut-off price of 7.1401 pounds a dollar, unchanged from its last sale on Monday. The rates at which banks are allowed to trade dollars are determined by the results of central bank sales, giving the bank effective control over official exchange rates. In the unofficial market, the pound was trading at 7.73 to the dollar on Wednesday, one trader said, weaker than Monday's 7.68 to the dollar. More»
Amwal Al Ghad English - 2014-12-10 07:38:51
The dollar nursed hefty losses on Wednesday following a brutal shakeout of bullish positions as investors found incentives to take profits as the year-end loomed. Spooking markets, political uncertainty in Greece appeared to have reignited worries about Europe, prompting a slide in equities and flight to safety into U.S. Treasuries US10YT=RR. That drove yields lower, which in turn knocked the dollar index .DXY off a near six-year perch. The greenback slid to 118.780 against the yen JPY=, a safe-haven destination in its own right, having dropped more than 2 percent at one stage to 117.90 in a vicious turnaround from a seven-year peak of 121.86 set on Monday.The euro rallied as far as $1.2448 EUR= from a two-year trough of $1.2247, but has since been cooling its heels at $1.2392. "Anyone who bought USDs at the start of this week after Friday's NFP and ECB QE jaw-boning has been hosed," said Gavin Friend, senior markets strategist at National Australia Bank. More»
Amwal Al Ghad English - 2014-12-09 07:39:33
The yen edged higher on Tuesday as a fall in oil prices dented risk appetite and prompted investors to trim short positions in the Japanese currency. Commodity currencies extended their recent losses, with the Australian dollar setting a four-year low, while the Canadian dollar hit a five-year trough versus the U.S. dollar. Against the yen, the greenback fell 0.4 percent to 120.25 yen JPY=, pulling further away from a seven-year high of 121.86 yen set on Monday. The yen also rose versus the euro, which shed 0.5 percent to around 148.02 yen EURJPY=R. The dollar may retreat further versus the yen in the near term due to the potential for more position squaring in the wake of its recent rally, said Masashi Murata, currency strategist for Brown Brothers Harriman in Tokyo. "The size of volatility in the dollar's moves versus the yen has become quite stark," Murata said, adding that choppy trading conditions could persist toward the year-end. "I think we may even see levels around 119.50 yen or so today," he said. More»
Amwal Al Ghad English - 2014-12-08 08:19:37
The dollar set a fresh seven-year high against the yen on Monday after surprisingly robust U.S. jobs data bolstered the view that the Federal Reserve could raise interest rates sooner than expected. The surge in payrolls by 321,000 in November easily blew past Wall Street's expectations and served to further highlight the divergence in economic outlook between the United States and most of the developed world. Short-term Treasury yields rose after the strong U.S. jobs data, widening the premium paid by U.S. two-year paper US2YT=RR to around 67 basis points over comparable German bonds, the widest in more than seven years. The yield gap between two-year U.S. Treasuries and two-year Japanese government bonds JP2YTN=JBTC expanded to around 66 basis points, the widest yield advantage for the dollar since mid-2010. That helped bolster the greenback, which rose to 121.86 yen earlier on Monday, its highest level since July 2007. The greenback later pared back its gains and traded at 121.50 yen JPY=, little changed from late U.S. trade on Friday. More»
Amwal Al Ghad English - 2014-11-24 08:39:11
The euro flirted with a two-year trough against the dollar on Monday as investors gave the currency a wide berth on prospects of more easing from the European Central Bank. ECB President Mario Draghi on Friday threw the door wide open for more drastic measures as he painted a bleak picture of the 18 countries in the euro bloc, stressing that "excessively low" inflation had to be raised quickly. Euro bears were swift to react to his comments on Friday, knocking the currency to a low of $1.2375 EUR= from a session high of $1.2569. Selling continued in early Asian trade on Monday, with the euro slipping towards $1.2359, just a whisker away from a two-year low of $1.2358 plumbed earlier in the month. The euro later came off its low and last traded near $1.2388, steady from late U.S. trade on Friday. "The market appears to be pricing in some expectation of sovereign quantitative easing at the next ECB meeting in two weeks," said Greg Moore, senior currency strategist at RBC Capital Markets. More»
Amwal Al Ghad English - 2014-11-19 09:12:11
The dollar hit a fresh seven-year high against the yen on Wednesday, and held near a 14-month peak versus sterling, as investors added favorable bets ahead of Federal Reserve minutes that could highlight policy divergence with its peers. The yen was on the defensive, falling to a six-year trough against the euro, after Japanese Prime Minister Shinzo Abe's decision to postpone a sales tax rise was seen as supportive for stock markets and negative for the yen. The dollar rose to as high as 117.44 yen JPY=, its highest level since October 2007. The dollar last traded at 117.35 yen, up 0.4 percent on the day. The euro was up 0.4 percent at 147.25 yen EURJPY=R, its highest since late 2008.The yen showed limited reaction after the BOJ kept policy unchanged on Wednesday as expected. Focus now turns to the Federal Reserve which will release minutes of its latest policy review. Traders expect the Fed minutes to sound relatively more hawkish and this could lift the dollar index .DXY. More»
Amwal Al Ghad English - 2014-11-19 08:57:51
Egypt’s pound fell to 19-month low in the black market amid concern the forthcoming $2.5 billion bond payment to Qatar may drain foreign-exchange reserves. The currency dropped in unregulated trading to 7.70 against the dollar, its lowest level since April 2013 and compared with 7.58 a dollar last week, according to the average of four quotes from money changers surveyed by Bloomberg. That represents a premium of 7.7 percent to buy dollars over the interbank rate of 7.1501, which is controlled by the central bank. The pound’s official price hasn’t changed for more than five months and is down 2.8 percent this year. The Nov. 28 deadline for Egypt’s repayment of a $2.5 billion bond to Qatar is spurring speculation on the currency, said Hany Farahat, senior economist at Cairo-based CI Capital. Egypt had borrowed the money as part of an $8 billion assistance from Qatar in 2013 to support its budget under former President Mohamed Mursi, just weeks before he was overthrown. The pound’s drop “certainly represents a hefty black-market premium compared to the currently prevailing official rates, and if it prevails, it might pose downward pressure on the latter,” Farahat said by phone. Companies are also setting aside foreign exchange to prepare for 2015 needs, he said. Also, the regulator shut down 12 foreign-exchange businesses on the grounds they violated currency-trading rules, Al Masry Al Youm newspaper reported Nov. 13, two days after Central Bank of Egypt Governor Hisham Ramez pledged to combat unofficial trading. The central bank sells about $40 million dollars to local banks three times a week. The auction system was put in place in December 2012 to ration dollars after foreign-exchange reserves fell to $15 billion, less than half their level before the start of political turmoil in 2011. That figure stood at $16.9 billion in October, enough to cover more than three months of imports, according to Bloomberg calculations. More»
Amwal Al Ghad English - 2014-11-17 08:01:32
The dollar swung wildly against the yen on Monday, initially spiking to a seven-year high after data showed Japan's economy unexpectedly slipped into recession before pulling down as the grim economic news sent Tokyo stocks tumbling. Data on Monday showed Japan's economy shrank an annualized 1.6 percent in July-September, confounding expectations for a modest rebound and solidifying the view premier Shinzo Abe will call a snap election and delay a second sales tax hike next year. The dollar jumped to a new seven-year high of 117.06 yen JPY= in a knee-jerk reaction to the GDP numbers but pulled back to 115.50 yen JPY=, down 0.7 percent on the day, as Tokyo's Nikkei .N225 slid 2.6 percent. "Dollar/yen has been moving recently in close relationship with (Japanese) equities so the Nikkei's fall knocked the pair from its highs," said Masafumi Yamamoto, a market strategist at Praevidential Strategy in Tokyo. "The GDP data was so unexpectedly weak and clouded many prospects taken for a given," he said. More»
Amwal Al Ghad English - 2014-11-15 07:55:45
The dollar rallied on Friday, helped by unexpectedly strong U.S. retail sales data, but global equity markets traded flat after a hefty run-up over the past three weeks put a damper on big gains in the near term. U.S. retail sales rose 0.5 percent in October after stripping out volatile gasoline and food services. The dollar index touched its highest since June 2010 at 88.267, but later pared gains to be down 0.15 percent at 87.540. MSCI's all-country world index edged up 0.13 percent, while Wall Street closed mixed near flat. European shares fell, according to one measure, as mixed euro zone growth data showed the French and German economies growing marginally but others like Italy still firmly in recession. The pan-European FTSEurofirst 300 index closed down 0.1 percent at 1,345.20. More»
Amwal Al Ghad English - 2014-11-11 09:07:03
Egypt's EFG Hermes posted third-quarter net profit before minority rights of 144.4 million Egyptian pounds ($20.2 million) on Tuesday, up 24.3 percent on the same period last year. One of the largest investment banks in the Middle East, EFG Hermes (HRHO.CA) achieved net profit of 116.16 million pounds in last year's third quarter. More»