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 - 2016-05-29 10:00:15
Shares in Kuwaiti companies linked with the al-Kharafi family tumbled at early trade on Sunday after the multibillion-dollar sale of another Kharafi-controlled business was scrapped. Investment company Adeptio had agreed in February to buy 69 percent of Kuwait Food Co (Americana) from Al Khair for Stocks and Real Estate, which is run by the wealthy Kharafi merchant family, but Al Khair announced on Sunday that the plans have been scrapped. Americana's shares were suspended ahead of the market open and have yet to resume trading, but other Kharafi-linked stocks plunged. National Industries Group and National Investment Co slid 1.8 percent and 8.9 percent respectively, while Al Mal Investment Co was down 8.5 percent and Gulf Cable Co fell 6.2 percent. The Kharafis own stakes in all four of the companies, Thomson Reuters data shows. Kuwait's index fell 0.6 percent to 5,362 points. Elsewhere, Dubai Parks and Resorts hit a record peak to help to lift Dubai's index to a two-week high in otherwise subdued trading. The company, which completed a 1.68 billion dirham ($457.44 million) rights issue last week, rose 4.2 percent to 1.49 dirhams. The stock accounted for two thirds of all shares traded on the benchmark index and took its gains to 17 percent in three sessions. The Dubai index rose 0.3 percent to 3,360 points, reaching its highest level since May 12 and looked set for a fourth straight advance despite losers outnumbering gainers 10 to eight. Volumes have slumped since late April, but the trend ahead of the Muslim holy month of Ramadan -- which starts in early June -- could yet be disturbed, said Marwan Shurrab, director at Vision Investments and Holding in Dubai. Shurrab predicts that speculation over a possible rise in U.S. interest rates and a June referendum on whether Britain should leave the European Union will contribute to Dubai stock volatility before Ramadan. Among Gulf bourses, Dubai tends to track international markets most closely because foreign investors have a bigger influence. Saudi Arabia's benchmark fell 0.9 percent to 6,423 points, taking its losses to 6.5 percent since the 16-week high hit on April 25. Saudi Basic Industries Corp, the Gulf's largest listed company, was the biggest faller with a 1.8 percent decline. More»
Amwal Al Ghad English - 2016-05-26 09:51:41
Gulf shares inched up in early trade Thursday as oil prices climbed to hit their highest levels in six months and global equity markets edged higher. Petrochemical shares lifted Riyadh's index 0.6 percent with Saudi Basic Industries, the largest listed producer, adding 1.2 percent as Brent oil prices broke over $50 a barrel in Asian trade. Makkah Construction added 0.6 percent after it reported a 6 percent rise in its quarterly income. The company attributed the growth to higher occupancy at its Mecca-based Hilton Towers. Dubai's index added 0.6 percent, boosted by a 1.8 percent rise in the largest listed real estate company Emaar Properties. Abu Dhabi's index reversed earlier losses and rose 0.4 percent, lifted by a 3.8 percent jump in Dana Gas. Similarly Qatar's index was 0.5 percent higher with support from oil-linked shares. Gulf International Services, an oil drilling provider, climbed 3.0 percent. More»
Amwal Al Ghad English - 2016-05-25 10:25:02
Gains for global equity and oil markets supported Gulf bourses in early trade Wednesday, with Riyadh's index gaining one percent in the first hour as investors bought back shares which were sold off at the start of the week. Saudi petrochemical shares were particularly strong, lifted by firm oil prices. Saudi Basic Industries was up 1.6 percent. Saudi Cement rose 1.6 percent after the company said it had sold its 40-percent stake in a Kuwaiti cement company, Grup International Cement, for $6.59 million, and that would be reflected in its books in the second quarter. Dallah Healthcare climbed 1.2 percent after the company announced the signing of a memorandum of understanding with Shibh AlJazira Real Estate Development to form a joint venture that would build and operate a hospital in Jeddah. Dubai's stock index added 1.1 percent after rising one percent on Tuesday. Trades were concentrated in real estate- related shares with Emaar Properties advancing 2.3 percent. Real estate firms were also the most active in Abu Dhabi's bourse with Aldar Properties adding 2.8 percent. The Abu Dhabi index was up 0.5 percent, heading for its third straight session of gains. But the index has been in a downtrend since mid-April, one Dubai-based day trader said, noting that thin trading volumes would not sustain an extended rebound. Blue chips helped support Qatar's index, which was 0.6 percent higher. Oil drilling rig provider Gulf International Services rose 1.8 percent while telecommunications operators Vodafone Qatar and Ooredoo each gained more than 0.5 percent. More»
Amwal Al Ghad English - 2016-05-24 18:08:08
Most Gulf stock markets surged on Tuesday but trading volumes were small as some investors stayed away because of the approach of the holy month of Ramadan and summer holidays, when activity tends to decrease in some bourses. Dubai's index spent most of the day little changed but closed 1.0 percent higher after a surge in the final half-hour. Investment bank Shuaa Capital jumped 3.7 percent in unusually heavy trade after sources told Reuters that it cut about 15 percent of its workforce at the end of last week, ahead of a possible sale of a stake in the company by Dubai Group. Dubai Group mandated Emirates NBD in April to arrange a sales process for its 48 percent stake in Shuaa. There is speculation in the market that a major financial firm in Dubai or the Middle East could buy the stake; Shuaa did not respond to requests for comment. GFH Financial, the most heavily traded stock, added 2.1 percent after it invited its shareholders and investors to attend a briefing by senior management in Dubai on Wednesday afternoon on its future prospects. Saudi Arabia's index rose 0.8 percent in its thinnest volume since early January, with the petrochemical sector index climbing 1.1 percent. But Al Yamamah Steel, which had jumped 15 percent in its first two days of trade since listing on Sunday, fell back 2.4 percent. Abu Dhabi's index rose 0.6 percent. Abu Dhabi Commercial Bank climbed 1.5 percent but seven of the 10 most heavily traded stocks were flat or lower. Qatar fell 0.2 percent as real estate firm Ezdan lost 0.9 percent but drilling rig provider Gulf International Services, again the most heavily traded stock, surged 2.6 percent. More»
Amwal Al Ghad English - 2016-05-24 09:48:15
Gulf stock markets were narrowly mixed in quiet trade early Tuesday although Dubai investment bank Shuaa Capital soared on hopes that it could be taken over by a major regional firm. The Dubai stock index was flat but Shuaa climbed 5.4 percent in unusually heavy trade after sources told Reuters that it cut about 15 percent of its workforce at the end of last week, ahead of a possible sale of a stake in the company by Dubai Group. Dubai Group mandated Emirates NBD in April to arrange a sales process for its 48 percent stake in Shuaa. There is speculation in the market that a major financial firm in Dubai or the Middle East could buy the stake; Shuaa did not respond to requests for comment. Saudi Arabia's index edged up 0.1 percent with falling stocks outnumbering gainers by 85 to 59. Petrochemical giant Saudi Basic Industries rose 0.6 percent. Abu Dhabi's index also added 0.1 percent, supported by a 0.8 percent rise in Abu Dhabi Islamic Bank, but nine of the 10 most heavily traded stocks were flat or lower. Qatar fell 0.3 percent as real estate firm Ezdan lost 1.2 percent. More»
Amwal Al Ghad English - 2016-05-23 09:19:14
Stock markets in the Gulf trod separate paths at early trade on Monday, with Saudi Arabia's market lagging while the two main markets in the United Arab Emirates held on to small gains. Riyadh's index was down 1.2 percent after an hour of trade amid a sell-off in petrochemical shares after oil prices weakened. Brent oil was down 0.9 percent at $48.25 a barrel; mid-sized petrochemical producers were hit hardest, with Saudi Kayan dropping 3.0 percent. Retail industry shares, which had been rebounding in recent days, also fell back; Fawaz Alhokair shed 0.9 percent. Qatar's index edged down 0.2 percent with Islamic lender Masraf Al Rayan and oil drilling rig provider Gulf International Services falling 0.5 and 0.8 percent respectively. In the United Arab Emirates, however, investors bought shares which had dipped over the past week. Dubai's index added 0.6 percent with most trade concentrated in small and mid-cap shares; builder Drake & Scull and amusement park developer Dubai Parks and Resorts were each up more than 1.5 percent. Abu Dhabi's largest listed stock, Etisalat, rebounded more than one percent from Sunday's loss and Dana Gas added 1.9 percent. This helped the main Abu Dhabi index edge up 0.3 percent. More»
Amwal Al Ghad English - 2016-05-22 08:27:21
Gulf stock markets edged down in early trade Sunday as investors took profits, encouraged by a dip in Brent oil futures at the end of last week. Riyadh's stock index lost 0.2 percent, weighed down by the petrochemical sector. Saudi Basic Industries, the largest listed stock by market value, was down 0.6 percent. But some retail industry shares, which had largely been weak since reporting quarterly results last month, outperformed the market with Jarir Marketing up 0.2 percent. Shares in the company are however down 6.4 percent since last month. Dubai's index edged down 0.1 percent in thin trade as investors sold across the board. Emaar Properties and builder Drake & Scull fell 0.7 and 0.9 percent respectively. Dana Gas and Etisalat were the main drags on Abu Dhabi's index, which fell 0.3 percent. Shares in the natural gas explorer and blue-chip telecommunications operator were down 1.9 and 0.9 percent. More»
Amwal Al Ghad English - 2016-05-18 16:19:29
Arab Gulf stocks mostly dropped amid profit-taking on Wednesday. In company news, Advanced Petrochemical announced plans to increase its share capital by 20% to support future growth. The company also said it recommended distributing a Q1 cash dividend of 0.75 riyal per share. Saudi International Petrochemical Co (Sipchem) said it had restarted three plants that were shut for maintenance earlier this month. National Bank of Kuwait's 137.6 million dinar ($473.2 million) rights issue was launched. The subscription period will close on June 16. Saudi Arabia dipped 0.04% to 6,737 points, Dubai fell 0.5% to 3,285 points, Abu Dhabi declined 0.3% to 4,311 points, Qatar eased 0.01% to 10,010 points, Kuwait shed 0.1% to 5,363 points, Oman slipped 0.1% to 5,952 points and Bahrain lost 0.2% to 1,106 points. More»
Amwal Al Ghad English - 2016-05-18 09:16:27
Most Gulf bourses were weak in early trade Wednesday as investors booked profits, while Saudi Arabia's index inched up. Saudi Arabia's Advanced Petrochemical surged 3.5 percent after the company announced plans to increase its share capital by 20 percent to support future growth. The company also said it recommended distributing a cash dividend of 0.75 riyal per share for the first quarter. "We expect the company will distribute 3.0 riyals per share for 2016. If annualised, the dividend yield will be 6 percent," said a note by NCB Capital. The range of dividend yields is between 4 and 9 percent for Saudi petrochemical producers, according to Reuters data. Banking shares also outperformed the market, with heavyweights Samba Financial Group and National Commercial Bank adding 0.5 and 0.2 percent respectively. The overall market index was up 0.1 percent after an hour of trade. Dubai's index failed to hold onto early gains as investors booked profits in small and mid-sized companies. Builder Drake & Scull dropped 1.1 percent. But Islamic insurer Takaful Emarat rose 2.6 percent in unusually high volume. Dubai Parks and Resorts edged up 0.8 percent. Wednesday is the final day of trade in its rights issue, which will increase its share capital to 8 billion dirhams ($2.2 billion). Abu Dhabi's index dipped 0.2 percent amid a sell-off in mid-sized property-related shares such as Eshraq Properties and RAK Properties, which were down 2.6 and 3.3 percent respectively. Doha's index edged down 0.3 percent as Qatar National Bank fell 0.5 percent. More»
Amwal Al Ghad English - 2016-05-17 17:05:35
Shares in most Gulf bourses were firm Tuesday as oil prices held near this year's highs. Saudi petrochemical shares were strong with the sub-index rising 1.3 percent, its fifth straight session of gains. The main stock index rose 0.6 percent. Etihad Etisalat (Mobily) jumped 4.6 percent after it said lenders who had not already agreed in December to waive breaches in loan terms had now done so. Najran Cement climbed 2.1 percent after it announced its board had approved the creation of a new mining company, although it still needs approval from authorities. It did not give details, but developing the mining industry is a major plank of Saudi Arabia's economic reform plan. DUBAI, QATAR In Dubai the index added 0.4 percent with help from blue chip Emaar Properties, which climbed 2.3 percent. Arabtec closed flat at 1.45 dirhams; it gained as much as 2.8 percent during the day after it said its June 1 general assembly would aim to approve a plan to use "all the statutory reserve to extinguish part of the company's losses". It gave no details. The company has reported losses in the past six quarters, which it blamed on increased costs and tough market conditions. In the last few days analysts at Deutsche Bank cut their price target for Arabtec to 1.11 dirhams from 1.14 dirhams while maintaining a "hold" rating, and EFG Hermes raised its target to 1.13 dirhams from 1.07 dirhams while keeping a "sell" rating. Neighbouring Abu Dhabi fell 0.5 percent, weighed down by a sell-off in heavyweight banking shares. Abu Dhabi Commercial Bank lost 1.7 percent and Union National Bank declined 1.5 percent. Vodafone Qatar dropped 3.6 percent after it reported a net loss of 180 million riyals ($50 million) in the latest quarter, versus a loss of 66 million riyals a year earlier. But Doha's main index edged up 0.1 percent with oil rig provider Gulf International Services climbing 2.5 percent. TUESDAY'S HIGHLIGHTS SAUDI ARABIA * The index rose 0.6 percent to 6,740 points. DUBAI * The index added 0.4 percent to 3,302 points. ABU DHABI * The index dropped 0.5 percent to 4,325 points. QATAR * The index edged up 0.1 percent to 10,011 points. KUWAIT * The index added 0.4 percent to 5,367 points. OMAN * The index fell 0.2 percent to 5,959 points. BAHRAIN * The index was flat at 1,108 points. More»