amwalalghad :: Arab

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        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        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        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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 - 2012-11-22 08:36:51
In a cordial and friendly atmosphere, Mr. Rashed Al Baloushi, CEO of ADX, met with H.E. Francisco Alonso the Mexican ambassador in the UAE. The meeting took place at the Mexican embassy in Abu Dhabi. The meeting reviewed relations of cooperation and friendship between the UAE and Mexico for the best interest of the two friendly countries. During the meeting, the two officials reviewed bilateral relations between the two countries and ways of enhancing those relations in the fields of finance and economy. Mr. Al Baloushi praised the efforts made by the Mexican ambassador during his time in Abu Dhabi to promote bilateral relations between the two countries. ADX CEO underlined that there are a lot of fields in which the two countries can cooperate to further boost those relations. More»
Amwal Al Ghad - 2012-11-21 08:51:38
The bullish momentum at the Qatar Exchange was sustained yesterday, mainly supported by large cap stocks. Foreign institutions were seen imparting buying pressure as the 20-stock QE Index (based on price data) rose 0.18% to 8,396.05 points. The market is, however, down 4.36% year-to-date. The 20-stock Total Return Index also rose 0.18% to 11,362.88 points and the All Share Index (comprising wider constituents) by 0.09% to 2,023.48 points respectively. Both the indices factored in dividend income as well. Under the All Share Index category, the real estate index gained 0.25%, followed by industrials (0.22%), banks and financial services (0.20%) and consumer goods (0.05%); while the indices of insurance, transport and telecom shrank 1.13%, 0.45% and 0.17% respectively. Market capitalisation was up 0.33% or more than QR1bn to QR459.28bn mainly on a 0.24% jump in large cap equities, even as small and micro caps lost 0.31% and 0.12% respectively. More»
Amwal Al Ghad - 2012-11-21 08:45:51
The War Between Bulls And Bears Ceased In A Standoff At Abu Dhabi Exchange On Tuesday 20th Nov 2012, As Adx Index With A Positive Change Of 0.63 Points Retreated To 2,660.80, Which Was Roughly Where It Started The Session. All The Market Cap Indices Ended The Day In Upward District. Among The Adx Sectors Indices Only Telecom And Industrial Sectors Turned Red, Dropping 0.41 Percent And 0.33 Percent Respectively. On The Green Side, Services Sector Advanced By 0.99 Percent. Real Estate Followed It With 0.67 Percent. The Market Breadth Was Positive With Advance – Decline Ratio Of 1:1 Most Of The Heavyweights Remained Unharmed By The Today’s Trading Session And Remained Unchanged. First Gulf Bank Was The Only Advancing Stock With A Positive Percentage Of 1.97. While, Abu Dhabi Commercial Bank And Etisalat Dropped 1.57 Percent And 0.81 Percent Respectively. More»
Amwal Al Ghad - 2012-11-21 08:45:46
Despite a wide fluctuation, the Tadawul All-Share Index (TASI) changed a little from earlier levels yesterday, declining merely 4.42 points or 0.07 percent to close at 6,662.04. The index traded in a high range (84 points), moving 35 points up and 49 points below the level of opening bell yesterday. Most of the major sectors closed in the green territory, accumulating an aggregate of over 161 points. Insurance outdid rest of the Saudi sectors, advancing more than one percent to close the day at 1,440.87. On the negative side, five sectors ended in red, trimming roughly 200 points for the day. Retail and Multi-Investment sectors posted the largest losses, falling 0.88 percent and 0.79 percent respectively. Market breadth was positive this time as the total number of rising stocks exceeded to the total number of falling stocks by a margin of 72 to 66 and the prices of 17 companies remained unchanged. SABB outperformed among large market cap companies, reflecting an increment of SR 0.4 or 1.33 percent. More»
Amwal Al Ghad - 2012-11-21 08:42:14
Most regional markets closed in the red as the conflict in the Middle East left investors cautious. The Muscat Securities Market general index extended its loss and edged down 0.28 per cent to close at 5,601.94. Trading activity remained subdued as a total of 699 trades were executed generating a turnover of RO2.30mn, while 7.82mn shares were exchanged over the counters. Market breadth remained in favour of decliners as of the 44 securities traded for the day 15 declined, while nine advanced and 20 stocks closed unchanged. Top gainers of the day were Al Hassan Engineering (+3.21 per cent at 161bz), Port Services Corporation (+2.65 per cent at 503bz), Oman Fisheries (+0.99 per cent at 102bz), HSBC Bank Oman (+0.47 per cent at 212bz) and Renaissance Services (+0.40 per cent at 503bz) while the top losers were Dhofar Cattle Feed (-2.26 per cent at 173bz), Construction Materials Industries (-1.79 per cent at 55bz), Bank Sohar (-1.31 per cent at 151bz), BankDhofar (-1.15 per cent at 345bz) and Al Jazeira Services (-1.07 per cent at 371bz). Among the sectoral indices, the Financial index dropped 0.34 per cent owing to declines in banking stocks. The Industrial and Services indices closed flat. More»
Amwal Al Ghad - 2012-11-12 08:51:13
Saudi Arabia's Capital Market Authority is allowing subscription rights for share offers to be listed and traded on the Saudi stock market, as it modernises the market in preparation to permit the entry of foreign investors. "This framework aims to add further protection and flexibility to those investors that do not have the intention to subscribe to their entitlements," the regulator said in a statement announcing the initiative on Sunday. Abdulhamid abu Dahesh, a Saudi financial advisor, said the new framework was similar to those in developed European stock markets, and was a step towards trading practices in advanced financial systems. Saudi Arabia has been making preparations to open its stock market, the Arab world's largest, to direct investment by foreign institutions but has not yet announced a date for the reform, apparently because it is concerned about the possibility of destabilising the market. More»
Amwal Al Ghad - 2012-11-11 08:03:00
Saudi shares on Saturday ended lower, 0.33 per cent down at 6919.06 points, paring losses from the early trade. The petrochemical index dropped 0.73 per cent at 5874.42 points, dragged lower by heavyweight Saudi Basic Industries Corp (Sabic) which slides 0.82 per cent. The banking index closed 0.45 per cent at 15272.18 points. Crude oil futures advanced on Friday, boosted by a rise in US consumer sentiment to a five-year high and upbeat readings on the Chinese economy, while gasoline futures surged even more on speculation over delivery problems and tight supplies in storm-hit New York Harbour. Speculation about possible delays in delivering gasoline against the expired November RBOB contract overshadowed broader economic issues, such as concerns over Europe's debt woes and the "fiscal cliff" facing the US. Earlier in the day, shares opened lower dragged down by losses in the petrochemical and banking stocks. More»
Amwal Al Ghad - 2012-10-24 14:59:39
Saudi Arabia's bourse rebounded on Wednesday from a nine-day low as bargain hunters picked up battered stocks, while Dubai's Emaar Properties declined after quarterly earnings missed estimates. Most sectors in Saudi Arabia rallied, with large-caps Saudi Basic Industries Corp and Al Rajhi Bank gaining 0.9 percent and 1.1 percent respectively. Dar Al Arkan rose 1.2 percent, accounting for a quarter of all shares traded on the index. "The market did not react (over the last two weeks) to the positive earnings growth we saw in the third quarter - we expected to see it recover a bit," said Hesham Tuffaha, head of asset management at Bakheet Investment Group. "The Saudi market is extremely undervalued compared to global equity markets and the emerging markets. In the short term, the market will be volatile until there is a clear direction in global markets. But long-term, the market is attractive and we could see it at much higher valuations." The kingdom's index rose 0.9 percent, extending year-to-date gains to 5.8 percent. Saudi Arabia's stock exchange will be closed for Eid al Adha holidays and resume trade on Nov. 3. In Dubai, Emaar Properties fell 1.9 percent, dragging the emirate's bourse to a nine-day closing low. The developer posted a 4.7 percent drop in third-quarter net profit to 387 million dirhams, well below the average analyst forecast of 516.2 million dirhams. The index fell 0.5 percent to 1,641 points, its lowest finish since Oct. 15. More»
Amwal Al Ghad - 2012-10-21 07:47:40
For the third year in a row, Mubasher Financial Services (MFS) has been rated to be the Best Broker in the UAE by Global Investor. Technological innovation and product performance factored heavily into the rating, and the latest award solidifies Mubasher's track record as one of the region's most consistent and innovative pioneers.  Speaking after the award ceremony at Global Investor's Middle East Summit in Doha, Qatar, CEO of Mubasher - Mr Malek Kanawati stated: ": "Our track record of pioneering cutting edge solutions is epitomized by the fact that we were the first broker to introduce online trading on the UAE markets. In times of uncertainty in global financial markets, clients find reassurance in our consistency, resilience and reliability. However, our consistency should not be interpreted as stagnation. In fact since we first won this award in 2010, we have continuously introduced pioneering cutting edge trading solutions. We have made our technology more robust, our portfolio more diverse and our ambitions more global." The summit also featured panel discussions, in which Mubasher shared its research expertise and traded insights with other top participants. Mubasher's Head of Research provided advisory input on how best to exploit financial research and market intelligence, in order to make more informed investment choices and take more calculated risks. More»
Amwal Al Ghad - 2012-10-20 08:27:10
Saudi Arabia's stock market has started to recover after pricing in weak earnings from petrochemical producers and banks, and since many of these shares remain recommended by analysts, they may drive the market higher in coming sessions. The past month has been a poor one for Saudi stock investors, with the main index losing about 7 percent. Disappointing third-quarter bank earnings were one blow. Al Rajhi Bank, Saudi Arabia's largest listed bank, reported Sunday that quarterly net profit fell 3.5 percent from a year earlier to SR1.87 billion ($498 million). That was below SR2.11 billion predicted by a Reuters analyst poll. Riyad Bank, Saudi British Bank and Banque Saudi Fransi, the Kingdom's third, fourth and fifth largest lenders, also missed expectations. Petrochemical firms, heavily weighted in the index, suffered weak earnings. Saudi Basic Industries Corp (Sabic), the world's biggest petrochemicals group by market value, posted a 23 percent slump in third-quarter net profit Wednesday. More»