amwalalghad :: Arab

Your English Portal To Arab Economy

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 - 2016-02-11 10:40:05
Saudi Arabia's index was headed Thursday for a third straight day of losses after oil slid back near $30. Saudi Arabia's index fell 1.1 percent to 5,769 points, confirming a break below technical support at the early February low of 5,834 points. This triggers a minor double top formed by the end-January and February highs and targeting about 5,600 points. The petrochemical sector was the main drag with Saudi Basic Industries, the largest listed stock by market value, down 1.5 percent. More»
Amwal Al Ghad English - 2016-02-09 09:18:29
Gulf stock markets tumbled in early trade Tuesday, erasing the prior session's gains as risk appetite diminished following a slump in global shares. Dubai's index fell 2.2 percent with blue chips Emaar Properties and Emirates NBD, Dubai's largest bank by market value, each tumbling more than 3.0 percent. Abu Dhabi's benchmark was down 0.4 percent after closing flat on the previous day; large-cap lender First Gulf Bank fell 0.9 percent. Dana Gas retreated 2.1 percent after gaining for three days. But Kuwait Food Co (Americana) jumped 4.6 percent after rocketing 10.0 percent on Monday. The food company said its board had agreed to give a Gulf-based investment firm 60 days to carry out due diligence for the acquisition of a controlling stake in the company. Kuwait's main index edged down 0.4 percent. Qatar's bourse is closed for a public holiday. More»
Amwal Al Ghad English - 2016-02-08 18:48:36
Several major stock markets in the Middle East edged higher Monday as local investors bought back shares, though blue-chip banks weighed on Abu Dhabi. Equity markets in the region, where government revenues largely depend on petrodollars, have been struggling to break free of the negative impact of weak oil prices. "Investors' propensity to react to changes in oil prices has increased," said a Riyadh-based analyst, noting even a slight change in rhetoric between OPEC and non-OPEC producers can send crude prices up or down and with it Gulf stock markets. Brent futures were trading slightly firmer at a little over $34 a barrel for most of the Gulf day. This helped Saudi Arabia's stock index close 0.2 percent higher at 5,906 points, though it came well off a session high of 5,972 points after oil prices pulled back. The petrochemical sector, which has been the main drag on the bourse this year, slid 0.5 percent. But small and mid-cap stocks favoured by the local traders were strong. Insurers Al Sagr Cooperative Insurance and Solidarity Saudi Takaful each surged more than 8.0 percent. Dubai's index climbed 1.9 percent on higher trading volumes than in the previous session, trimming its losses for 2016 to 1.8 percent. Emaar Malls closed flat at 2.49 dirhams after reaching a session high of 2.58 dirhams. The blue-chip retailer reported a 5.5 percent rise in fourth-quarter net profit to 435 million dirhams ($118 million). Emaar Properties, the majority shareholder in Emaar Malls, surged 3.1 percent on its third day of gains. Dubai's largest developer by market capitalisation is expected to file its quarterly earnings in the coming days. Air Arabia edged up 0.8 percent. The United Arab Emirates' only publicly listed airline reported its third consecutive quarterly profit drop on Sunday with a net profit of 59 million dirhams, below SICO Bahrain's estimate of 79.3 million dirhams. DAMAC Properties and Shuaa Capital, shares favoured by local traders, each jumped more than 3.5 percent. Abu Dhabi's index closed flat at 4,103 points, 33 points below its intra-day high. The benchmark has fallen 4.7 percent this year. The banking sector was the main drag, with Union National Bank and Abu Dhabi Islamic Bank falling 3.7 and 1.4 percent respectively. UNB reported that its net profit dropped to 1.86 billion dirhams last year from 2.02 billion dirhams in 2014 because of higher impairment charges. Doha's index rose 0.8 percent with Barwa Real Estate surging 9.3 percent in unusually heavy trade. Blue-chip banks also lifted the market, with Qatar Islamic Bank advancing 1.6 percent. Qatar Gas Transport, a natural gas carrier, added 1.7 percent. More»
Amwal Al Ghad English - 2016-02-03 18:10:11
A late rebound in oil prices helped Saudi Arabia's stock market close higher Wednesday while most other Gulf bourses were lower. Stocks around the region fell early on after purchasing managers' surveys gave fresh evidence that economies are slowing. Growth in Saudi Arabia's non-oil private sector fell to its lowest level in January since the survey began in August 2009, while growth in the United Arab Emirates dropped to a 46-month low. But Brent crude, which has been closely correlated to the Saudi stock index this year, bounced above $33 a barrel in the afternoon, helping the index close 0.9 percent higher. Petrochemical blue-chip Saudi Basic Industries fell as much as 1.5 percent early on but closed 1.9 percent higher. Saudi Kayan, another petchem seen by analysts as particularly vulnerable to low oil prices and this year's rise in gas feedstock prices, surged 5.2 percent. Apart from petrochemicals, most activity focused on second- or third-tier speculative stocks, with Tihama Advertising closing down its 10 percent daily limit and real estate firm Al Andalus rising by that amount. Other Gulf bourses closed earlier in the day before oil's rebound and they fared less well. Dubai's index edged up 0.2 percent as Emaar Properties slid 1.0 percent but builder Drake & Scull rose 2.5 percent. Courier firm Aramex tumbled 3.4 percent after reporting a 36 percent fall in fourth-quarter net profit to 57.6 million dirhams ($15.7 million); SICO Bahrain had forecast 97.6 million dirhams. Aramex attributed the drop to provisions for employee incentives, and said it would keep expanding through acquisitions. Abu Dhabi's index ended 0.8 percent lower as banks which led the market up earlier this week fell back. First Gulf Bank slipped 1.7 percent. Qatar sank 1.5 percent, dragged down by Industries Qatar. The company fell 3.9 percent; a major petrochemical and steel producer, it is exposed to both oil prices and infrastructure spending in the Gulf, which is slowing because of governments' austerity policies. Gulf International Services plunged its 10 percent limit after it swung to a net loss of 20.9 million riyals ($5.6 million) in the fourth quarter; QNB Financial Services had forecast a profit of 278.9 million riyals. More»
Amwal Al Ghad English - 2016-02-03 09:08:14
Gulf stock markets edged lower early Wednesday after oil prices slid and Asian bourses dropped sharply following a sizeable fall on Wall Street. Qatar was hit hardest as petrochemical producer Industries Qatar tumbled. Dubai's index fell 1.1 percent in the opening 45 minutes as Emaar Properties dropped 2.7 percent. Courier firm Aramex edged down 0.3 percent after reporting a 36 percent fall in fourth-quarter net profit to 57.6 million dirhams ($15.7 million); SICO Bahrain had forecast 97.6 million dirhams. Abu Dhabi fell 0.5 percent in a broad-based decline although Waha Capital rose 1.6 percent in unusually heavy trade. Qatar's index sank 2.4 percent as Industries Qatar, the most heavily traded stock, dropped 4.8 percent. A major petrochemical and steel producer, it is exposed to both oil prices and infrastructure spending in the Gulf, which is slowing because of governments' austerity policies. Gulf International Services plunged 10 percent after it swung to a net loss of 20.9 million riyals ($5.6 million) in the fourth quarter; QNB Financial Services had forecast a profit of 278.9 million riyals. More»
Amwal Al Ghad English - 2016-02-01 13:12:55
Abu Dhabi, the Tawdheef Recruitment Fair is one of the most awaited events in the country since its launch in 2005. The fair has established itself as the country's leading recruitment platform among the government and private sectors. Participating for the 10th time is UAE Exchange , the leading global remittances, foreign exchange and payment solutions brand. The brand, as part of its commitment towards supporting the career aspirations of the Emirati youth and in alignment with the government's vision towards better employment opportunities, is offering 200 jobs to the UAE Nationals across its operations in the country. More»
Amwal Al Ghad English - 2016-01-25 07:49:07
Most Gulf bourses traded narrowly Monday, with investors torn between betting on further gains following a sharp rebound a day earlier or booking some quick profits and this lack of conviction indicates the bear trend could persist. Markets have tumbled to such an extent this year that many stocks are considered cheap by traders and fund managers, even after Sunday's rally. "Sunday's sugar rush is winding down," said a Dubai-based trader. "Daily traders turned a quick profit and cashed out and so the markets may continue to see-saw." Dubai's index rose slightly, then slipped into negative territory before again edging higher. It was up 0.3 percent at 0641 GMT. Emaar Properties, which surged 8.0 percent on Sunday, fell 0.2 percent. Arabtec, a stock favoured for speculative trade, fell 0.8 percent, erasing some of previous day's 10.0 percent rise. Abu Dhabi's bourse slid at the market open before rising 0.2 percent as of 0706 GMT. Etisalat was the main support, climbing 0.6 percent. In Qatar, the stock exchange gave back early-session gains to be down 0.7 percent at 0709 GMT. Qatar National Bank (QNB), Doha's largest lender dropped 0.5 percent. Gulf International Services, an oil-related company, climbed 1.2 percent, adding to the 9.9 percent gains it made on Sunday. More»
Amwal Al Ghad English - 2016-01-24 10:39:45
An initial public offering of Saudi Aramco, the world's biggest oil company, could be on the local or international markets but would not include Saudi energy reserves, the company's chairman said to Saudi-owned al-Arabiya television. "The reserves would not be sold, but the company's ability to produce from the reserves is being studied," Khalid al-Falih told the channel in an interview from Davos, Switzerland where the annual World Economic Forum was held last week. In an interview with The Economist earlier this month, Saudi Deputy Crown Prince Mohammed bin Salman said Riyadh might sell shares in Aramco as part of a privatization drive. Aramco has crude reserves estimated at about 265 billion barrels, over 15 percent of all global oil deposits, so it could become the first listed company valued at $1 trillion or more if it went public, analysts have estimated. But several sources familiar with official thinking told Reuters that Aramco's massive size, and the confidentiality surrounding it as the main instrument of the kingdom's oil policy, pose hurdles to any listing of the parent firm. They said Saudi Arabia is considering selling shares in refining ventures with foreign oil firms. Falih said there would be legal studies to make sure that what is offered is not the kingdom's crude reserves "but the company's ability to convert the production of these reserves to a financial value that the owners can benefit from. "The economic value of Saudi Aramco as a company is what will be offered. Naturally, the primary field of Saudi Aramco's work is managing the reserves of Saudi Arabia," Falih said. "The reserves belong to the state but the company's ability to convert these reserves... into a financial value and at the same time for the company to have a portion of these profits will be part of the value of the company," he told Arabiya. More»
Amwal Al Ghad English - 2016-01-24 09:10:38
Saudi Arabia stock market rebounded more than 3.0 percent in early trade Sunday, as investors took solace in the end of week rebound in oil prices and global bourses. Saudi's index surged more than 6.0 percent in the opening minutes of trade and touched 5,834 points, before falling back to 5,680 points, but was still up 4.0 percent. Petrochemical stocks, which have been battered by weakness in oil prices, carried the bourse higher. The sub-sector index climbed over 6.5 percent in first 10 minutes of trade. Saudi Basic Industries (SABIC), the largest petrochemical firm, surged 8.5 percent to 67.25 riyals ($17.93) per share. Earnings season has officially ended in Saudi Arabia, but some companies reported late on Thursday, before the rallies in oil and global stock markets. Al Rajhi Bank jumped 6.1 percent, the kingdom's second-largest lender by assets having reported a 28.2 percent rise in its fourth-quarter net profit on Thursday. The Islamic lender made 1.95 billion riyals ($519.6 million) compared to analysts forecasts of 1.67 billion riyals. The banking sector's total net income increased 3.8 percent year-on-year to 10 billion riyals while loans grew 8.2 percent over the same period, said a note by Saudi-based NCB Capital. "We believe that the increase in the bottom lines was primarily driven by higher operating income," the note added. Mobily rocketed 8.6 percent. The affiliate of the United Arab Emirates' Etisalat, made a net profit of 11 million riyals in the three months to Dec. 31, its first profit after nine quarters of losses. An analyst forecasted the mobile operator would make a quarterly profit of 125.1 million riyals. Zain Saudi, another telecom operator, traded up 5.9 percent. The company, 37-percent owned by Kuwait's Zain , made a net loss of 291 million riyals in the fourth quarter. Two analysts forecasted Zain Saudi would make a loss of 247 million riyals and 232.7 million riyals respectively. More»
Amwal Al Ghad English - 2016-01-21 09:51:02
Most Gulf bourses traded narrowly early Thursday as investors lacked the optimism to buy back beaten-down stocks aggressively, despite attractive valuations after the bear trend of the past several weeks. Dubai's index retreated in the opening minutes to test fresh multi-year lows, as Emirates NBD, the largest bank in the emirate, fell more than 2.0 percent in unusually heavy trade. The index then briefly traded in positive territory and was down 0.1 percent after an hour. Builder Arabtec, the most heavily traded stock, advanced 1.9 percent, trimming some of Wednesday's 7.7 decline. But Drake and Scull and Emaar Properties fell 1.3 and 0.5 percent respectively. Abu Dhabi's bourse dipped at the open before climbing 0.4 percent. Dana Gas gained 2.6 percent after falling more than 2.5 percent at the opening. First Gulf Bank and Abu Dhabi Islamic Bank , sector heavyweights, helped lift the index higher, trading up 1.0 and 1.7 percent. In Doha, the index fell 0.9 percent in the first 15 minutes with the sell-off concentrated in real estate developers. The biggest loser in the sector was large-cap Barwa Real Estate, down 2.7 percent. More»