amwalalghad :: Arab

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        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        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        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        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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 - 2016-03-27 09:08:43
Gulf stock markets were mixed in early trade Sunday with most shares moving little, as Dubai's Shuaa Capital lost steam after soaring last week. Shuaa rose more than 7 percent in the opening minutes of trade on Sunday but after 75 minutes was flat. On Thursday the stock, which has rebounded from a record low hit earlier this year, soared the 15 percent daily limit in its heaviest trading volume since at least 2002. In a statement to the exchange on Sunday, Shuaa said it had held a routine board meeting on Thursday but "did not resolve any material matter" at the meeting. It did not elaborate. Dubai's stock index fell 0.9 percent to 3,288 points, approaching technical support on its mid-March low of 3,253 points. Dubai Parks & Resorts pulled back 2.9 percent. Abu Dhabi's index edged down 0.1 percent with most of the 10 most active stocks barely changed. Qatar also edged down 0.1 percent but Mesaieed Petrochemical surged 3.7 percent. Al Khalij Commercial Bank rose 1.8 percent after the Qatar Central Securities Depository said it had raised the maximum foreign ownership percentage in the stock to 49 percent of capital from 25 percent - though actual foreign ownership is currently only 10.95 percent. More»
Amwal Al Ghad English - 2016-03-23 09:22:01
Gulf stock markets inched down in narrow trade early Wednesday with few new incentives to buy shares, although buying interest on dips suggested an extended pull-back was not beginning. Dubai's benchmark index fell 1.0 percent in the first 75 minutes amid profit-taking in real estate stocks, with Emaar Properties down 1.5 percent. But Drake & Swull was flat after saying it had won a 340 million Qatari rial ($93.4 million) contract for work on the Doha Metro. Abu Dhabi slipped 0.6 percent mainly because of First Gulf Bank, which lost 1.3 percent. Qatar's index edged down 0.5 percent but Qatari Investors Group, the most heavily traded stock, jumped its 10 percent daily limit to 43.20 riyals as it resumed trading after being suspended since Feb. 24. The company had planned to hold an extraordinary shareholders meeting on March 6 to discuss delisting. That meeting did not take place because of the lack of a quorum, and the firm said that the meeting had been rescheduled to April 12. Gulf Warehousing jumped its 10 percent limit for a second straight day after the Qatar Central Securities Depository said on Tuesday it had raised the maximum foreign ownership percentage in its shares to 49 percent of capital. More»
Amwal Al Ghad English - 2016-03-20 09:43:39
Saudi Arabia's stock market rose in early trade Sunday after oil prices closed last week on a strong note, with Brent oil above $41 a barrel. The Saudi index climbed 0.8 percent in the first 20 minutes on broad-based buying; nine of the 10 most heavily traded stocks gained. Telecommunications firm Zain Saudi, which had jumped 8.9 percent on Thursday after sources told Reuters that its Kuwaiti parent Zain was narrowing the field of potential bidders for 7,000 towers owned by the Saudi firm, added a further 3.1 percent. More»
Amwal Al Ghad English - 2016-03-17 09:36:13
Saudi Arabia's stock market edged up in early trade on Thursday after oil prices jumped overnight. The Saudi stock index added 1.0 percent, led by the oil-sensitive petrochemical sector, which rose 1.7 percent after outperforming on Wednesday. More»
Amwal Al Ghad English - 2016-03-16 09:53:04
Stock markets in the United Arab Emirates and Qatar dropped in early trade Wednesday in another day of profit-taking after strong gains since mid-February. Dubai's benchmark fell 0.9 percent in the first hour. Dubai Investments dropped 5.0 percent and Drake & Scull was down 1.1 percent. But some stocks that were dumped on Tuesday were bought on Wednesday, with Dubai Parks, the amusement park builder, jumping 3.8 percent, recouping all of the previous session's losses. Abu Dhabi's index fell 1.5 percent, heading for a second straight day of losses as First Gulf Bank, the largest listed lender on the bourse, fell 3.3 percent after dropping more than 9 percent on Tuesday, when it went ex-dividend. Abu Dhabi Commercial Bank was also sold, falling 2.9 percent. In Qatar, the index was down 0.7 percent as a sell-off in blue chips continued. Barwa Real Estate dropped 5.5 percent while Qatar Gas Transport fell 1.3 percent. More»
Amwal Al Ghad English - 2016-03-13 09:01:59
Stock markets in Dubai and Doha edged up in early trade Sunday, with most activity concentrated in volatile mid-cap stocks, while Abu Dhabi's index fell as investors booked profits. Dubai's index jumped 1.4 percent in the first hour. GFH Financial Group, a mid-sized Islamic investment firm, was the most traded stock, rising 1.1 percent. Dubai Parks , the amusement park builder, surged 7.1 percent in unusually heavy trade. "So far institutional investors have taken the back seat, carefully monitoring the swings in the smaller, more volatile stocks," said a Dubai-based trader. In Abu Dhabi, the benchmark fell 0.5 percent. Developers Eshraq Properties and RAK Properties each shed more than 1.0 percent. Blue chips Abu Dhabi Commercial Bank and Etisalat dropped 4.6 and 0.8 percent respectively, but the largest listed lender by market value, First Gulf Bank, added 1.5 percent. Qatar's index edged up 0.3 percent as Ezdan Holding added 1.9 percent. Barwa Real Estate and Mazaya Qatar Real Estate each rose more than 0.5 percent. More»
Amwal Al Ghad English - 2016-03-10 10:00:45
Petrochemical stocks boosted Saudi Arabia's stock market in early trade Thursday. Riyadh's index gained 0.8 percent as oil prices steadied over $40 a barrel. PetroRabigh added 1.4 percent after the company said it would book around 750 million riyals ($200 million) in sales revenue this year with the full start-up of its expanded ethane cracker. Mouwasat Medical Services climbed 3.7 percent after it signed an agreement with oil giant Saudi Aramco to provide healthcare services for another two years. According to a bourse statement, the new contract's revenue will rise by at least 10 percent. Over the past five years, yearly revenue from Aramco averaged about 184 million riyals. The retail sector, which took a hit on Wednesday after major electronics retailer Jarir Marketing warned that its sales would plunge as much as 30 percent year-on-year in the first quarter, stabilised. Jarir, which sank 9.1 percent on Wednesday, added 0.2 percent. More»
Amwal Al Ghad English - 2016-03-09 09:08:09
Gulf stock markets dropped at early trade on Wednesday as some shares went ex-dividend and after oil prices and global equity markets pulled back slightly. But solid trading volumes suggested investor sentiment was not gloomy. Dubai's index fell 0.7 percent with nine of the 10 most heavily traded stocks dropping. Union Properties, which has been extremely active and volatile in the last few days, fell 2.6 percent. Emaar Malls slipped 0.4 percent after rising 1.5 percent in the opening minutes in response to its plan to pay a dividend of 0.1 dirham per share for the 15 months to Dec. 31, 2015. Abu Dhabi's index declined 0.8 percent because of profit-taking in banks, First Gulf Bank slid 1.1 percent, while Union National Bank tumbled 8.1 percent as it went ex-dividend. Qatar dropped 1.0 percent as drilling rig provider Gulf International Services, the most heavily traded stock, pulled back 1.8 percent. United Development, the second-most active stock, plunged 6.7 percent as it went ex-dividend. More»
Amwal Al Ghad English - 2016-03-08 09:39:37
A sell-off in blue chips weighed on stock markets in Abu Dhabi and Qatar in early trade on Tuesday while Dubai's index swung in volatile trade. The Dubai index was initially up as much as 0.8 percent with trade concentrated in volatile and mid-sized shares. But speculators then sold Arabtec, dragging the index slightly lower; it was down 0.1 percent after 45 minutes. Arabtec at first added 2.9 percent before erasing all gains and falling 0.6 percent. The builder fell 6.6 percent on Monday as speculators booked profits after the company said in a brief statement that rumours former chief executive Hasan Ismaik would be appointed to its board were false. Union Properties, a mid-cap developer, added 1.1 percent in another session of unusually high volume; it jumped 14.4 percent on Monday. In Abu Dhabi the benchmark edged down 0.4 percent as blue chip Aldar Properties and First Gulf Bank each fell back by more than 1.0 percent. A sell-off in large caps weighed on Doha, which retreated 0.8 percent in its first 20 minutes of trade. On Monday the index had surged 2.3 percent. Doha Bank sank 7.3 percent after the bank's annual general meeting approved a 3 riyal per share dividend; the chairman told the meeting that the bank would revise its 2016-2018 strategic plan, particularly with regard to overseas offices and branches, but did not elaborate. Other lenders were also sold while Ezdan Holding, a developer with a market cap over $10 billion, dropped 1.2 percent. More»
Amwal Al Ghad English - 2016-03-07 09:25:01
Rising oil prices boosted Qatar's stock market sharply at early trade on Monday while a pull-back in speculators' favourite Arabtec restrained Dubai's bourse. The Qatar index gained 1.0 percent in the opening minutes with oil-sensitive stocks particularly strong. Drilling rig provider Gulf International Services was the most heavily traded stock, rising 4.5 percent. Among petrochemical producers, Mesaieed climbed 2.3 percent and Industries Qatar added 1.8 percent. Qatar's market was closed for a public holiday on Sunday, when other Gulf bourses surged on the view that oil prices had finally bottomed out. The mood in Dubai remained positive with trading active, but the index slipped 0.2 percent as Arabtec, the most heavily traded stock, fell back 3.8 percent. The stock had soared more than 60 percent since late February after former chief executive Hasan Ismaik raised his stake in the builder to 11.91 percent from 11.81 percent, causing wild speculation about his intentions. Arabtec said in a brief statement on Monday that rumours that Ismaik would be appointed to its board were false. This was taken as a cue by the speculators to take profits. Some second-tier stocks in Dubai continued to rise, with Union Properties adding 7.5 percent in unusually heavy trade. Abu Dhabi's index, which had surged 3.1 percent on Sunday, fell back 0.7 percent as blue chips retreated, with First Gulf Bank losing 2.2 percent. More»