amwalalghad :: Arab

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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        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        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        


Money Markets - Arab

Amwal Al Ghad English - 2014-03-31 15:07:08
Stock trades came to an end Monday with the board at Kuwait Stock Exchange mainly in red as the weighted index finished at 483.13 points on a loss of 3.11 points, the price index at 7,572 points on a down of 11.19 points, and the KSX 15 at 1,175.11 points on a loss of 17.61 points. Trades came to 5,183 transactions worth KD 31.082 million, with 203.736 million shares changing hands. Combined Group Contracting Company was the session's top gainer, while biggest loser was Egypt Kuwait Holding Company. The day's volume top five were Manazel Holding, Al Dar National Real Estate, Kuwait Remal Real Estate Company, Al Mudon Intl. Real Estate Company and Housing Finance Company. More»
Amwal Al Ghad English - 2014-03-26 16:48:18
Banks and property stocks lifted Dubai and Abu Dhabi's markets on Wednesday, while other regional bourses were little moved. Dubai's bourse added 0.9 % as Emaar Properties and contractor Arabtec Holding rose 0.8 and 2.8 % respectively. Investment bank Shuaa Capital was the top gainer, surging 14.7 % on bets it may benefit from an expected increase in initial public offerings in the United Arab Emirates. Shuua's trading volume was its largest of 2014. The UAE government has indicated it will soon approve a long-awaited companies law that analysts hope will cut the minimum free float in IPOs to 30 % from 55 % at present. Many family-owned businesses have been unwilling to lose majority control so reducing the minimum free float should encourage more firms to list. The current rules have led some companies to instead look to list abroad. "There are rumours about more and more IPOs coming back to the market and for Shuaa it's their core business," says Sebastien Henin, portfolio manager at The National Investor. Some market participants said those buying Shuaa on Wednesday were betting it would win a mandate to run the USD 2.5 bln listing of Emaar's shopping mall unit. Shares in Shuaa Capital have lagged the wider market's recovery and at 1.25 dirhams after Wednesday's rally are still trading at less than an eighth of their 2008 high. Abu Dhabi's index rose 0.8 %. National Bank of Abu Dhabi and developer Aldar Peoperties climbed 2.2 and 5.3 % respectively. Abu Dhabi National Energy Co (TAQA) fell 4 % , declining for a second day since the company reported a 2013 net loss and proposed no dividend payout. In Doha, Qatar Islamic Bank was one of the top gainers, up 0.8 % after saying it was in talks to buy a "strategic stake" in Turkey's Bank Asya. State-run Bahrain Telecommunications (Batelco) gained 3.1 % after announcing plans to buy back a third of outstanding bonds due in 2020, using excess liquidity from a scrapped acquisition to lower its debt servicing costs. Oman's bourse suffered from a technical glitch for a second day but managed to resolve it before the end of the session. Its index fell 0.2 %. More»
Amwal Al Ghad English - 2014-03-26 16:29:39
Naeem Holding for Investments has received approval from the United Arab Emirates' financial regulator to list on the Abu Dhabi exchange, the firm said, a further sign of closer economic ties between Egypt and the Gulf. "Coordination is ongoing with the Abu Dhabi market and the necessary measures for receiving the approval of the Egyptian Financial Supervisory Authority are being taken," Naeem Holding said in a statement late on Monday. It gave no further details of the timing or size of the listing. Countries like the UAE, Saudi Arabia and Kuwait came to Egypt's aid last year - pledging more than $12 billion to help its ailing economy - after the army overthrew the country's first elected leader Mohamed Mursi following mass protests against him. The Gulf largely mistrusts Mursi's Muslim Brotherhood group, labeled a terrorist group in Egypt last year. Earlier this month, the UAE's Arabtec Holding - Dubai's largest listed construction firm - agreed with the Egyptian army to build one million houses for low income Egyptians in a project worth $40 billion. Egypt's economy has been battered by more than three years of political turmoil after a mass uprising ousted autocrat Hosni Mubarak in 2011 and caused many foreign investors and tourists to flee the country. More»
Amwal Al Ghad English - 2014-03-10 09:46:52
Arabtec Holding Co., (ARTC) the biggest listed construction contractor in the United Arab Emirates, gained after the company announced plans to build 1 million houses in Egypt. The shares climbed as much as 3.5 percent before paring the increase to 1.7 percent to 4.88 dirhams at 10:46 a.m. in Dubai, Bloomberg reported on Monday. Arabtec yesterday struck an agreement with Egypt’s Defense Ministry to build affordable houses with a total value of 280 billion Egyptian pounds ($40 billion), according to an e-mailed statement from Arabtec yesterday. “This is positive news for Arabtec, and gives the group a favorable footing in Egypt given the U.A.E.’s support for the interim government,” Nayal Khan, head of institutional sales and trading at Naeem Holding in Dubai, said by e-mail today. Arabtec is the “latest channel” through which the U.A.E. is directing aid to Egypt, and the project adds substantially to the contractor’s backlog, he said. The U.A.E, Saudi Arabia and Kuwait have pledged billions of dollars in aid for Egypt since the ouster of President Mohamed Mursi in July. The housing project would be the largest in the Arab world and is expected to provide jobs for more than one million Egyptians, according to the statement. Full-year profit at Arabtec, which helped build Dubai’s Burj Khalifa, the tallest tower in the world, will more than double to 313 million dirhams ($85 million) in 2013, according to the mean estimate of 11 analysts on Bloomberg. More»
Amwal Al Ghad English - 2014-03-06 15:56:28
Qatar's stock market bounced back on Thursday, leading gains in a mostly upbeat Gulf region after the Qatari government appeared conciliatory in its diplomatic dispute with Saudi Arabia, the United Arab Emirates and Bahrain. Those three countries decided to withdraw their ambassadors from Doha on Wednesday, saying Qatar had failed to honour a Gulf Cooperation Council agreement not to back "anyone threatening the security and stability of the GCC" - an apparent reference to Qatar's support of Islamist figures. But Doha responded by pledging its commitment to regional security policies and saying it would not withdraw its own ambassadors, fuelling hopes that the dispute could be resolved. Qatar's stock market, which fell 2.1 percent on Wednesday because of the dispute, rebounded 2.3 percent on Thursday in its biggest one-day gain for six months. "It's too early to tell what the medium to long-term impact will be, but today is a reversal of the knee-jerk reaction to yesterday's news," said Amer Khan, senior executive officer at Shuaa Asset Management. "Historically, disagreements like these did not get publicised and this was a departure from that." Many analysts believe an escalation to the point where the GCC's integrity is threatened, or where economic sanctions are imposed, is unlikely. Meanwhile, Saudi Arabia's bourse rose 1.0 percent to a near six-year high as banking and retail sector shares climbed. Trading volume on Wednesday was the highest since May 2012, and it remained high on Thursday. Dubai's measure also rebounded, rising 1.3 percent after slipping 0.5 percent in the previous session. However, it stayed in the range of the last three weeks and appears to have entered a consolidation phase after spectacular gains since the end of 2012. Volume this week was the lowest since early November, another sign of waning upward momentum. In Abu Dhabi, First Gulf Bank fell 4.2 percent as it went ex-dividend; the wider market slipped 0.8 percent. EGYPT In Egypt, weak earnings triggered profit-taking, taking the benchmark index down 0.9 percent to 7,950 points. The index has struggled to break decisively above psychological resistance at 8,000 points since rising above it on Feb. 23 for the first time in more than five years. Global Telecom, the Egypt-based group formerly called Orascom Telecom, fell 2.9 percent after its fourth-quarter net loss widened 59 percent. The firm took a multi-million dollar impairment charge on its Canadian business following the latter's withdrawal from a 4G spectrum auction. "Global weighed on the market and it triggered profit-taking across the board, and the market couldn't sustain above the 8,000 level," said Mohamed Radwan, director of international sales at Pharos Securities. THURSDAY'S HIGHLIGHTS QATAR * The index rose 2.3 percent to 11,607 points. SAUDI ARABIA * The index advanced 1.0 percent to 9,249 points. DUBAI * The index climbed 1.3 percent to 4,154 points. ABU DHABI * The index slipped 0.8 percent to 4,897 points. EGYPT * The index fell 0.9 percent to 7,950 points. KUWAIT * The index gained 0.4 percent to 7,507 points. OMAN * The index slipped 0.2 percent to 7,118 points. BAHRAIN * The index climbed 0.6 percent to 1,373 points. More»
Amwal Al Ghad English - 2014-03-05 15:53:06
All main indexes of Kuwait Stock Exchange (KSE) ended up Wednesday's session in the red zone. Weighted Index settled upon closing at 458.07, losing 1.93 points, price index was at the level of 7,476.72, shedding 55.06 points and KSX 15 index stood at 1,085.96, falling by 4.04 points. Number of trades reached 7,047, value of traded stocks KD 31,640,584.518 and volume of the exchanged stocks, 349,449,499. More»
Amwal Al Ghad English - 2014-02-23 14:14:28
Kuwait Stock Exchange ended Sunday's session on mixed board. The weighted index gained 1.03 points, the price index went down by 9.42 points, while the KSX 15 went up by 2.43 points. Trades came to 3,018 transactions worth KD 13.3 m, with 104.5 m shares changing hands. More»
Amwal Al Ghad English - 2014-02-05 16:06:20
Middle East bourses rebounded on Wednesday on positive queues from global markets; Dubai, which posted the biggest gains, was also boosted by good fourth-quarter earnings and contract announcements from the real estate sector. Dubai's index surged 1.7 percent to a new multi-year closing high of 3,875 points, confirming a break above technical resistance at 3,807 points, the 50 percent retracement of its fall from the 2008 peak. Union Properties, which this week posted an eightfold rise in annual profits, gained 9.8 percent on Wednesday. Another developer, Deyaar, rose 4.8 percent after its annual profit quadrupled. . Construction firm Drake and Scull jumped 6.9 percent after the company said it had won a contract worth 328 million riyals ($87.5 million) to do mechanical, electrical and plumbing works at King Saud University in Riyadh. Other markets in the region posted more modest gains amid slower newsflow, but reflected a general improvement in investor sentiment, said Sebastien Henin, portfolio manager at The National Investor. "I guess if we don't have a major international crisis in fixed income, currencies or equities we can imagine that regional equity markets will outperform both developed and emerging markets," he said. Stock markets in the Middle East are less vulnerable to large-scale changes in risk appetite simply because there is little foreign investment, he noted. Abu Dhabi's index rose 0.6 percent. Shares in Abu Dhabi Islamic Bank surged 6.3 percent to their highest level in more than six years after the bank posted a forecast-beating 41 percent fourth-quarter profit jump. Saudi Arabia's benchmark rose 0.3 percent with gains across different sectors. Almarai, the Gulf's biggest dairy company, was among the top gainers, rising 4.2 percent after it announced the launch of a new poultry facility. More»
Amwal Al Ghad English - 2014-01-16 15:06:15
Markets in the United Arab Emirates rose on Thursday as investors bought property-related stocks ahead of quarterly earnings, while regional bourses were mixed. Dubai builder Arabtec jumped 4.9 percent, leading trading volumes to hit its highest close since September 2008. Analysts polled by Reuters on average forecast Arabtec will post a 151 percent rise in earnings. Dubai's index rose 1.2 percent in its sixth consecutive gain to reach a new five-year high.  "UAE markets are taking their natural course - people are focused on earnings, which will dictate market direction in the coming weeks," said Amer Khan, head of asset management at Shuaa Asset Management. Abu Dhabi's Aldar Properties surged 8.3 percent to 3.25 dirhams, its highest level since June 2010. Naeem Holding estimates Aldar's fourth-quarter profit will increase by 48 percent. Abu Dhabi Municipality said in a statement late on Tuesday that it had registered land development contracts for Aldar's residential units under freehold ownership, and the deeds would be issued to owners. Abu Dhabi did not give details of the freehold arrangement or explain exactly how it differed from other property rights in Abu Dhabi, and officials have not been available to elaborate on the announcement. "Some investors might think it's freehold like in Dubai and be getting ahead of themselves, but there needs to be more clarity to price in the impact on earnings, if any," Khan said. Aldar's technical breakout above the August peak of 2.96 dirhams and the stock's lagging performance compared with its peers have helped fuel its recent rally, said Hisham Khairy, head of trading on the institutional desk at MENA Corp. Abu Dhabi's benchmark rose 1.3 percent, taking its January's gains to 5.4 percent. Elsewhere, Saudi Arabia's index climbed 0.2 percent to a fresh five-year high. In Egypt, the measure fell 0.8 percent to 7,144 points, easing from Wednesday's three-year high as it failed to break above the January 2011 peak of 7,248 points. About 90 percent of voters approved the country's new constitution in a referendum, the state news agency and a government official said. This is widely expected to lead to army chief General Abdel Fattah al-Sisi, the market's preference, declaring his candidacy for president. Many analysts and investors said the constitution approval was already priced in. Car assembler GB Auto rose 2.8 percent after it said it had agreed an exclusive local distributorship deal for lubricants with Gazprom Neft. In Qatar, Masraf Al Rayan climbed 1 percent after the sharia-compliant bank said it completed its acquisition of Islamic Bank of Britain (IBB). Doha's index rose for a 13th straight session, its longest winning streak since April 2008. Qatar's upgrade to emerging market status by index compiler MSCI, which will be implemented in May and is forecast to attract about $500 million in additional benchmark global funds, as well as developments in preparation to host the 2022 World Cup underpin bullish sentiment for Doha-listed equities. Kuwait's bourse was closed for a public holiday. More»
Amwal Al Ghad English - 2013-12-30 08:27:11
Dubai’s benchmark index, the world’s best performing gauge this year, retreated the most in two weeks as investors sought to take advantage of a four-day rally to pocket gains. Qatari shares declined. The DFM General Index fell 0.6 percent, the steepest drop since Dec. 16, to 3,287.57 at the close in Dubai, trimming its gain this year to 103 percent. The gauge is beating 93 tracked globally by Bloomberg. The measure’s 14-day relative strength index stayed above 70, the level that typically indicates a drop. Shuaa Capital PSC (SHUAA), the investment bank controlled by Dubai’s ruler, lost the most in more than two weeks and Emirates NBD (EMIRATES) PJSC fell. Qatar’s QE Index (DSM) declined 0.3 percent. Shares in Dubai benefited this year from an economic recovery in the emirate, led by a resurgence in property prices, trade and tourism. Growth is set to average 4.6 percent a year between 2012 and 2015, more than twice the rate of the previous four years, according to government forecasts. “It’s year-end and everyone is locking in profits,” said Mariam Fadel, a regional equity trader at EFG Hermes Brokerage in Dubai. Trading was dominated by local investors, she said. The 14-day relative-strength index of Dubai’s index fell to 76 from 81 on Dec. 26. More»