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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        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        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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 - Indices news

Amwal Al Ghad English - 2014-10-14 07:33:14
The dollar probed recent lows on Tuesday as risk aversion amid the fall in global equities favored peers such as the yen, with uncertain timing about the Federal Reserve's interest rate hike further undermining the U.S. currency's appeal. The dollar index .DXY was down 0.2 percent at 85.332, well below the four-year high of 86.746 struck earlier this month when a Fed rate hike in the near term seemed more likely. The dollar crawled up 0.2 percent to 107.095, but remained in close range of a one-month low of 106.76 hit earlier in the session.The greenback suffered a heavy blow overnight against the safe-haven yen as Wall Street took large hits, with the S&P 500 .SPX sliding to a five-month low. Weak signals from Germany, the euro zone's largest economy, and signs of uneven growth in China have contributed to recent global growth concerns. Global equities slid in the face of these concerns, with the widening Ebola epidemic further undermining risk sentiment. More»
Amwal Al Ghad English - 2014-10-13 08:04:59
The dollar fell to a one-month low against the yen on Monday, as heightened worries about the health of the global economy continued to shore up the safe-haven Japanese currency. The dollar also slipped versus the euro and the Australian dollar in choppy, holiday-thinned trade. The greenback struggled to gain traction in the wake of its broad drop last week after the dovish-leaning minutes of the U.S. Federal Reserve's September meeting prompted the market to push back the expected timing of a Fed rate hike.Contributing to the dollar's recent decline against the low-yielding yen have been worries about global growth, which have reduced risk appetites and triggered a broad selloff in equities. A drop in U.S. equities futures on Monday provided broad support for the yen, said Jeffrey Halley, FX trader for Saxo Capital Markets in Singapore. "It's definitely a risk-off move and we will have reduced liquidity with the U.S. and Japan on holiday today," Halley said. More»
Amwal Al Ghad English - 2014-10-11 08:01:56
The dollar firmed for a second straight session on Friday after three consecutive days of losses, bolstered by safe-haven bids on worries about the health of the global economy with slow-downs evident in Europe, Japan, and China. "Dollar strength is still on the table here going forward and the driver behind that is policy divergence," said Andrew Dilz, currency strategist at Tempus Consulting in Washington. "We're seeing a rate hike in the United States by the second half of the year. At the same time, we're seeing fractures elsewhere in economic growth such as Europe." The dollar index, however, a measure of the greenback's value against a basket of major currencies, ended the week on a negative note, its first in 13 weeks. The index also posted its largest weekly fall in six months. In late trading, the dollar index .DXY was up 0.5 percent on the day at 85.842. "If the dollar stays stronger for a longer, it keeps inflation down and helps the Federal Reserve to keep rates low longer," said Jack Flaherty, portfolio manager for the GAM Unconstrained Bond Fund of about $17 billion, in New York. More»
Amwal Al Ghad English - 2014-10-09 07:17:29
The dollar hit a two-week low versus a basket of currencies on Thursday, after minutes from the U.S. Federal Reserve's last meeting prompted markets to push out expectations for the likely timing of an interest rate rise. The dollar index fell 0.1 percent to 85.174 .DXY. It slipped to 85.143 at one point, its lowest level since late September, pulling away from a four-year peak of 86.746 hit on Friday. Against the yen, the dollar slipped 0.2 percent to 107.91 yen, nearing Wednesday's three-week low of 107.75 yen and well away from a six-year high of 110.09 set last week. "Last week it was a pretty clear-cut buy the dollar scenario, but this week... we're seeing a lot of two-way action," said Stephen Innes, senior trader for OANDA in Singapore. Earlier on Thursday, there was some dollar buying interest from retail traders at levels above 108 yen, Innes said. More»
Amwal Al Ghad English - 2014-10-02 07:32:21
The safe-haven yen held its gains against the dollar on Thursday after weak manufacturing surveys from around the globe triggered a run on risk. The euro, meanwhile, staged a modest rebound ahead of a policy review by the European Central Bank as investors took profits on the dollar's recent gains. The dollar index dropped about 0.4 percent to 85.630, pulling away from a four-year high of 86.218 touched on Tuesday. The index has marked 11 straight weekly gains. The dollar retreated 0.2 percent to 108.65 yen from the previous session's six-year peak of 110.09, while the Australian dollar briefly dipped below 95.00 yen for the first time in seven weeks. "Some investors, including some hedge funds are using this as an opportunity to take profits," after the dollar's rally against the yen, said Kaneo Ogino, director at Global-info Co in Tokyo, a foreign exchange research firm. But investors including Japanese importers were buying on dips, supporting the dollar around 108.50 yen, he said. More»
Amwal Al Ghad English - 2014-10-01 07:24:23
The dollar struck a six-year high against the yen and was poised near a two-year peak against the euro, while gathering more bullish impetus on Wednesday as weaker than expected Australian retail sales data sparked selling on Australian dollar. The Aussie shed 0.8 percent to $0.8679 AUD=D4 after stooping to an eight-month low of $0.8666. [AUD] The dollar's strength overnight was partially down to a slowdown in euro zone inflation, which fed expectations of a divergence between monetary policies in Europe and the United States, with the Federal Reserve expected to tighten at some point. Profit taking brought the dollar off its peak above 110 yen, a level unseen since August 2008, traders said. It topped out at 110.09 yen JPY=, and was last traded at 109.88 yen, still up 0.3 percent from late Tuesday in Asia. Market participants expected the dollar to firm further against the yen if upcoming U.S. data fan prospects of an early rate hike by the Fed. "Friday's non-farm payrolls will be key, as it could raise rate hike expectations another notch," said Shinichiro Kadota, chief Japan FX strategist at Barclays Bank in Tokyo. More»
Amwal Al Ghad English - 2014-09-25 06:49:45
The euro languished at 14-month lows in Asia on Thursday after reported remarks from European Central Bank President Mario Draghi rekindled expectations of more policy steps to support the euro zone. The euro was already under pressure after surrendering to stop-loss selling on Wednesday, as a major chart bulwark at $1.2800 gave way. The common currency fell as low as $1.2762 EUR=, nearing the 2013 trough of $1.2740. A break there would take it back to levels not seen since late 2012. It last traded on Thursday at $1.2767, down 0.1 percent on the day.   "We stand ready to use additional unconventional instruments within our mandate, and alter the size or composition of our unconventional interventions should it become necessary to further address risks of a too prolonged period of low inflation," Draghi said in an interview published on Thursday by the Lithuanian business daily Verslo Zinios. Reserve Bank of New Zealand Governor Graeme Wheeler took more direct aim at his currency, stepping up his rhetoric against kiwi strength. More»
Amwal Al Ghad English - 2014-09-25 06:41:09
The price of gold, down more than a third in three years, is approaching the tipping point where the mining industry would see a spike in the number of producers reducing output or even shutting down operations. Several mines globally have already suspended output in the past 18 months, but not as many as industry watchers expected as producers focused on slashing costs and reworking mine plans to extract more profitable, higher-grade ounces. But with bullion's slide this week to a nine-month low of $1,208.36 an ounce, those defenses may not be enough. "$1,200 is a critical level. The industry has geared itself around $1,200," said Joseph Foster, portfolio manager at institutional investor Van Eck Global. "If it falls below that level, then there are a lot of mines around the world that are really going to struggle." Van Eck is a major investor in Barrick Gold Corp and Goldcorp Inc and a top shareholder in most other large gold producers. Production cutbacks and mine closures would spell more financial pain for producers and investors, who have watched gold mining stocks slump 67 percent since September 2011. And cuts and closures could be swifter and deeper than in the last gold bear market as most miners this time around have not offset the risk of potential losses by hedging - the practice of selling gold forward at a fixed price. More»
Amwal Al Ghad English - 2014-09-25 06:23:46
Orascom Construction Industries (OCI) NV is studying the possibility of having an initial public offering (IPO) – a stock market launch – during the first half of 2015 in a country located in the Middle East or North Africa, an official at OCI told the Daily News Egypt on Wednesday. The company official stated that OCI has not yet decided the exact country in which it will issue its stocks in, refusing to confirm reports that the IPO will be in Dubai. The company official added that OCI is studying its presence in the Cairo exchange market, explaining that “there are different options being studied for Egypt but we haven’t decided on the method yet”. Sources told the Daily News Egypt that EFG Hermes and CI Capital will be the investment banks handling the IPO. The OCI official refused to comment. In July, Prime Minister Ibrahim Mehleb met with the company’s CEO Nassef Sawiris, along with the ministers of the cabinet’s economic group, in order to seek a settlement of the tax dispute between Sawiris and the Egyptian Tax Authority (ETA) regarding an estimated LE 7 billion. The final tax dispute ruling is expected to take place on 28 October, OCI announced earlier this month. The company added that final documents were presented to the independent appeals committee at the ETA. “This committee was originally reviewing OCI S.A.E.’s [OCI’s Egyptian subsidiary] tax returns, but the process was terminated in 2012 by the previous administration. Following a number of meetings with the Egyptian government, the tax dispute liability case was referred back to the committee, which held its first session in July 2014,” the company said in its official statement. More»
Amwal Al Ghad English - 2014-09-24 07:42:07
The yen edged higher on Wednesday after Japanese Prime Minister Shinzo Abe reportedly voiced concern about the economic impact of the currency's recent weakness. The dollar slipped 0.3 percent on the day to 108.55 yen JPY= after Jiji news service quoted Abe as saying he would carefully watch the impact of the yen's recent weakness on Japanese regional economies. The prime minister's comments came in the wake of the yen's slide to a six-year low of 109.46 yen versus the dollar last Friday, a drop of roughly 7 percent from levels touched in early August. It is only natural to see these types of comments given how fast the yen has dropped versus the dollar recently, said Jesper Bargmann, head of trading for Nordea Bank in Singapore. "I think it'll serve the purpose and maybe slow down the move a little bit," Bargmann said. More»