amwalalghad :: Arab

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        Egyptians Housing Development    1.94        United Arab Shipping   0.43        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        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        


Money Markets - Arab

Amwal Al Ghad English - 2014-07-22 09:36:47
Saudi Arabia plans to open its $530 billion stock market to foreigners, a move that will allow the Middle East’s biggest economy to attract more international investments and help reduce its dependence on oil revenue. The kingdom is among the last of the big markets globally to limit international access, but was expected to lower or remove such restrictions as it rolls out plans to spend hundreds of billions of dollars in the domestic economy to build infrastructure and provide employment for its people. The country’s Capital Market Authority was given the green light to allow foreign financial institutions “whenever they see fit” to buy and sell shares in the market and “in accordance to regulations set by the CMA in this regard,” the official state news agency reported. In 2008, the kingdom began allowing foreign investors indirect access to the market through swaps, but it has hesitated to open the market fully to foreigners, and the topic has been long discussed. Foreign investors have been waiting eagerly for more access to the region’s biggest and most liquid market, especially after two of its much smaller peers, Qatar and the United Arab Emirates, were promoted to emerging status by index compiler MSCI Inc. in May. More»
Amwal Al Ghad English - 2014-07-10 08:27:25
Qatar's bourse outperformed the region on Wednesday after the country's top bank reported strong second-quarter results, while United Arab Emirates markets continued to consolidate on declining volumes after a sharp rebound. The Doha index rose 1.3 percent as most stocks gained. Industries Qatar was the main support, adding 2.3 percent. Shares in mobile phone operator Ooredoo, which dropped 23 percent last month on profit-taking and concern about the conflict in Iraq, where the company earns a fifth of its revenue, continued to rebound and jumped 3.9 percent. Qatar National Bank (QNB), the largest lender in the Gulf state, published its second-quarter results on Tuesday, becoming the first local company to do so. Net profit rose 1.5 percent, coming slightly ahead of the expectations of analysts, who had forecast a 2.7 percent decrease. More»
Amwal Al Ghad English - 2014-06-19 09:14:41
Most stock markets in the Gulf rebounded on Wednesday after an Iraq-related sell-off ended, although stocks directly exposed to the country continued to suffer. Dubai's Arabtec rose after its chief executive resigned. The gains by insurgents in Iraq triggered a run on global and regional equities earlier this week that dragged down most stocks in the Gulf. However, the selling subsided on Tuesday, and on Wednesday most bourses in the region edged up, though trading volumes were modest. Abu Dhabi's bourse led gains, rising 0.7 percent on the back of National Bank of Abu Dhabi, which jumped 4.3 percent. The stock was hit hard by profit-taking this month after posting sustained gains in the run-up to its inclusion, along with 18 other companies from the United Arab Emirates and Qatar, in MSCI's emerging market index at the end of May. Saudi Arabia's index also rose 0.7 percent, buoyed by blue-chip banks, petrochemicals and developers. Qatar's bourse added 0.6 percent, shrugging off a report by local newspaper Peninsula Qatar saying the country's advisory Shura Council was in favour of introducing taxes on capital gains and dividends for foreign investors in local stocks. More»
Amwal Al Ghad English - 2014-05-21 06:43:59
Dubai's index tumbled to a six-week low on Tuesday as investors booked profits from a near 18-month bull run, while Saudi Arabia's bourse was again lacklustre and is seen stuck in the doldrums until July's results season. Dubai's benchmark dropped 4.1 % to 4,656 points, its lowest finish since April 7. It fell 5.5 percent the day before and rebounded in early Tuesday trade, but buying pressure was brief and it has fallen 12.6 percent in a week, trimming 2014 gains to 38.2 percent. "A revaluation of the market has been happening for the past week - the fundamentals haven't changed, it's pure profit-taking by speculators," said Samer al-Jaouni, a Gulf-based trader. Dubai's measure is up 187 % since the start of 2013 as renewed confidence in Dubai's property sector and a retail and tourism boom brought traders back to the emirate's beleaguered stock market. But analysts had warned that such a surge was unsustainable, even with index compiler MSCI upgrading the United Arab Emirates to emerging market status, effective June 1. More»
Amwal Al Ghad English - 2014-05-18 13:57:31
Trading came to a close at Kuwait Stock Exchange with a high on Sunday with the price, weighted, and KSX 15 indices up by 1.15 points, 0.62 points, and 5.29 points respectively. The number of transactions came to 4,080 worth around KD 17 million with 186.5 million shares changing hands. The top gainers were (ALNAWADI), (CABLE), (POULT), (ZIMAH), and (MANAZEL), while the most traded stocks were (INVESTORS), (GFH), (KBT), (ISKAN), and (ALDEERA). Meanwhile, The Qatar Exchange ended in the red area when trading closed Sunday at 13,020.72 points (0.64%) down 84.03 points from the previous closing of 13,104.75 points on Thursday. The volume of shares was fell to 22,018,619 from Thursday 23,311,390 and the value of shares decreased to QR787,428,226.35 from QR982,010,371.39 on Thursday. Among the top losers were Industries Qatar whose share down 1.06% to QR186.50, International Islamic Bank lost 1.25% to QR86.60, Doha Bank fell 1.07% to QR64.70 and Qatar Navigation decreased by 1.53% to QR96.50. More»
Amwal Al Ghad English - 2014-05-13 15:03:58
Qatar Insurance Company lifted the Gulf state's stock market to an all-time high on Tuesday after winning a large contract to provide services to the nation's new main international airport. Most other markets in the region also advanced. Dubai led gains as it recovered from a sharp drop earlier this week. Shares in Qatar Insurance Co rose their daily limit of 10 % after Qatar Civil Aviation Authority said the company would provide insurance services for the newly opened Hamad International Airport for a value of QR 45.97 bln (USD 12.63 bln). The stock was the main support for the Doha benchmark , which climbed 0.8 % to a new all-time closing high of 13,175 points, breaking through resistance at the 2005 intra-day peak of 13,069 points. Most Doha-listed stocks rose ahead Index compiler MSCI's Wednesday announcement on which companies from Qatar and the United Arab Emirates it will add to its emerging market index. The changes will take effect at the end of May, almost a year after MSCI said it would upgrade both countries to emerging market status. That decision has helped the Dubai, Abu Dhabi and Qatar bourses subsequently outperform other Gulf markets. "Clearly, there is continuing investor positioning ahead of the MSCI upgrade," said Akber Khan, director of asset management at Qatar's Al Rayan Investment. "We expect that inflows will be greater than the outflows." Stocks from the UAE and Qatar are currently included in MSCI's frontier market index and the upgrade is expected to attract more foreign investment. Exchange data shows large inflows of foreign funds have already taken place. UAE, SAUDI Dubai's bourse rose 2.2 %, further recovering from Sunday's 3.1-% decline. Emaar Properties, up 3 %, was the main support, along with builder Arabtec Holding whose shares surged 11.7 % and topped daily turnover. Arabtec reported a 121-% jump in first-quarter net profit last week, although some analysts said that may not be enough to justify its current multiples which are significantly higher than those of regional and global peers. The contractor, which branched out this year into development with a USD 40 bln project in Egypt, trades at a trailing price-to-earnings ratio of 62, while other builders and developers in the Gulf have multiples between 20 and 26. Abu Dhabi's bourse rose 0.6 %. Telecom operator Etisalat climbed 1.8 percent and developer Aldar , which this week said its first-quarter profit nearly tripled, gained 2.2 %. Saudi Arabia's bourse added 0.4 %. Saudi Basic Industries (SABIC) and Al-Rajhi Bank were the main supports, up 1.1 and 0.7 % respectively. More»
Amwal Al Ghad English - 2014-05-12 09:59:49
Dubai Financial Market (DFM) will introduce a pre-closing period to its trading sessions from May 14 that will make closing prices more predictable and eliminate large last-minute swings, the bourse said on Sunday. DFM said the move was timed to come ahead of the inclusion of the United Arab Emirates in the list of emerging markets by index compiler MSCI at the end of this month, which is expected to bring more foreign investors to the market. Under the new rule, orders submitted within the last 10 minutes of trading, 1350 to 1400 local time (0950-1000 GMT), will accumulate for completion at closing. The bourse did not explain how orders would then be executed, but a Dubai-based trader told Reuters the exchange would hold an auction where a single price is set for all trades using a matching algorithm. This becomes the closing price. Such a procedure is common practice internationally, the trader said. The auction aims to match as many orders as possible but leaves out those made at extremely low or high prices. The addition of the pre-closing session - which neighbouring Abu Dhabi's exchange implemented last year - "eliminates (the) last trade price factor in case it was not sensible", DFM, the emirate's main stock exchange, said in a statement. The rule will apply both to equity and debt securities. More»
Amwal Al Ghad English - 2014-05-12 09:52:45
Qatar's securities market comprising stocks, treasury bills and government bonds ended the last fiscal year 2013 with significant growth rates. Qatar Financial Markets Authority's (QFMA) 2013 Annual Report released here outlines the market results with official data. The Authority says, the market value of Qatar Exchange-listed (QE) shares reached QR 555.6 Billion (US$152.2 Billion) in 2013. This represents a growth rate of 20.8% compared to QR 459.8 Billion ($125.16 Billion) in 2012, the Authority says, citing QE data. The QFMA Chairman HE Sheikh Abdulla bin Saoud Al Thani lauds the country's financial regulators for taking decisions to propel Qatar as a regional financial and capital markets centre in the preamble of the 2013 Annual Report. He hails a series of decisions taken by regulators here last year to expand Qatar into a regional financial hub that won the securities' market status upgrade, membership to nodal bodies, international recognition, and attract foreign direct investments as well as foreign technology. The QFMA played a pivotal role in drafting a unified strategy to boost financial services and human resources over the next five years that planners launched last year. The Authority co-operated with other regulators such as Qatar Central bank (QCB) and Qatar Financial Centre Regulatory Authority (QFCRA) to this end, he said. In 2013, the QE benchmark index reached 10,379.59 points, an increase by 24.17% compared to 8,358.94 points at the end of December 2012. In 2013, the value of traded shares reached QR 74.8 Billion (US$20.4 Billion), a growth of 5.96% compared to QR 71 Billion (US$ 19.45) in 2012. New shares listed by companies to increase their capital added up to 247.2 million share which increased QE’s total shares to 10.536 billion in 2013 compared to 10.288 billion shares in 2012. Although QE noted an increase in volume of trade, the number of traded shares declined by 20.2% to 1,937,534,283 in 2013 compared to 2,428,190,041 in 2012. The 961,811 transactions registered in 2013 is a growth by 9.09% compared to 881,638 transactions in 2012. The total number of registered investors slightly increased to 968,343 in 2013 from 964,548 in 2012. Qatari investors comprised 295,279 and 673,064 non-Qataris in 2013 while previous year it was 294,423 and 670,125 respectively. The number of registered investors in 2013 was 295,279 comprising 290,496 Qatari individual investors and 4,783 Qatari institutions. The number of registered traders in 2013 was 25,063 comprising 24,616 Qatari and 447 Qatari institutions. The number of registered non-Qatari investors in 2013 was 673,064, comprising 670,193 individuals and 2,871 institutions. The number of registered non-Qatari traders was 21,145, comprising 20,403 individuals and 742 institutions in 2013. Qatar debt market saw listing 3.39 million short-term Treasury Bills (T-Bills) with maturity terms of three, six and nine months during 2013. Demand was higher for three-month T-Bills with 1.305 million subscriptions. The nominal value of all issued T-Bills added up to QR 33.95 Billion, a drop by 19.28% compared to QR 43.3 Billion in 2012. The volume of trading increased in 2013. The value of 401,000 traded T-Bills reached QR 3.98 Billion from 51 transactions compared to QR 793 Million from 25 transactions of 80,100 traded T-Bills in 2012. Trading in government bonds debuted in 2013. The traded value reached QR 1.5 Billion with trading 150,000 bonds from 17 transactions. Regulators named a central depository last year to clear and settle Qatar Exchange transactions. QE stood fifth in a comparison of the percentage change in indices of GCC markets in 2013 from 2012 data. Dubai Stock Exchange index topped, closing 1023 at 3,369.81 up 107.6% from 1,622.53 in 2012. QE's percentage change was higher than Muscat Securities Market (+19.2%) and Bahrain Bourse (+17.2%). QE came second in terms of market value ($152.2 Billion) after Saudi Stock Exchange ($459.45 Billion) among GCC markets. More»
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»