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        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        Canal Shipping Agencies   7.39        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        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        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 - 2014-09-22 14:32:48
FTSE group announced today that the FTSE Governance Board has ratified the recommendation from the FTSE country classification committee and the policy group that Palestine be placed on the FTSE watch list for possible promotion to frontier market status within FTSE equity indices. Adding Palestine Exchange to the Watch List is the first signal to the international investment community that FTSE is contemplating a change of status for the exchange, which shall be considered in the next annual country classification review in September 2015. Mr. Ahmad Aweidah, CEO of PEX expressed his satisfaction saying that this is a new milestone in putting Palestine Exchange on the international investment radar, hoping that it will attract further foreign investment into PEX. A change of status for a market is a significant step for the country and investors in its market. The FTSE Watch List comprises a set of markets which international investors believe are close to being ready for promotion to the next category, with in FTSE indices. More»
Amwal Al Ghad English - 2014-09-22 06:52:24
Investors in Saudi Arabia may start selling stocks on Monday and setting aside cash for the upcoming initial public offer of National Commercial Bank (NCB) after the lender said it would launch the subscription next month. NCB is Saudi Arabia's largest bank by assets and the offer, in which it plans to sell 15 percent of shares to the public and place a further 10 percent with a state fund, is expected to be one of the largest ever in the Gulf region. Earlier this month, Dubai's bourse came under pressure due to another large IPO as retail investors cashed out in order to buy into Emaar Malls Group, a subsidiary of Emaar Properties. Saudi Arabia's main index is up 29 percent this year, with about half of those gains made after July 22, when the kingdom's regulator said it would open the stock market to direct foreign investment early next year. Elsewhere in the region, bourses in the United Arab Emirates and Qatar may consolidate after rising and then pulling back on one-off foreign fund inflows at the end of last week, which were linked to the two countries' upgrade to emerging market status by S&P Dow Jones and also to changes in FTSE indexes. In Kuwait, Kuwaiti National Real Estate Company may gain after the firm said on Sunday it had agreed to restructure 154.4 million dinars ($537.6 million) of debt owed to an unidentified local bank. The global backdrop is negative: Asian shares slipped on Monday as investors awaited data this week that could provide more evidence of a slowdown in China. More»
Amwal Al Ghad English - 2014-09-18 07:10:29
Saudi Arabia's stock market led the region higher on Wednesday because of optimism over the government's economic reform efforts, while other markets were buoyed by a more positive global mood. The main Saudi index gained 0.8 percent to 11,081 points, with major mining company Ma'aden rising 3.1 percent. The Capital Market Authority said on Wednesday that it would permit off-market trading of shares in companies which had been suspended or delisted from the exchange. There are only a few such companies at present, but investors took the reform as a positive step for the market because it would reduce risks for shareholders in firms that were suspended because of accumulated losses. "By allowing shares to trade OTC, this will help all shareholders to exit the shares if they wish," said Turki Fadaak, head of research at al-Bilad Investment. Also, Saudi media reported on Wednesday that the Supreme Economic Council, a top policy body chaired by King Abdullah, would study whether to tax undeveloped urban land as part of efforts to end a serious housing shortage. The proposal has been circulating in the government for years, but the involvement of the Supreme Economic Council could indicate an official decision is drawing near. More»
Amwal Al Ghad English - 2014-09-15 07:29:33
Stock markets in the United Arab Emirates rebounded on Thursday after a pull-back related to the upcoming initial public offer of Emaar Properties' malls unit, while bourses in Egypt and Saudi Arabia slid on profit-taking. The Dubai index closed 1.0 percent higher after falling as much as 2.1 percent at one stage. The benchmark dropped 3.4 percent in the previous session as local retail investors sold off stocks in order to raise cash for the IPO. In one of the largest equity sales in the Middle East since 2008, Emaar, Dubai's largest listed developer, plans to float its unit Emaar Malls Group this month and subscriptions for the shares will open on Sept. 14. Emaar, which plans to sell a 15 percent stake in its subsidiary, has indicated it wants to raise at least 5.3 billion dirhams ($1.4 billion) from the offer. It has also said it aims to sell about 30 percent of the offer to retail investors. More»
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»