amwalalghad :: Arab

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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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        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 - 2013-01-13 14:26:36
Abu Dhabi shares rallied to a 19- month high on bets earnings of the emirate’s banks will improve and as the measure’s equities offer cheaper valuations than Persian Gulf and emerging-market peers. National Bank of Abu Dhabi PJSC, which may post an 11 percent advance in 2012 profit, rallied to the highest level in almost seven years. Union National Bank (UNB) PJSC, whose shareholders include the governments of Abu Dhabi and Dubai, gained for a second day. The ADX General Index (ADSMI) increased 0.5 percent to 2,741.83, the strongest level since June 2011, at the close in the United Arab Emirates capital. The index has gained 19.6 percent since a Jan. 17, 2012 closing low of 2,293.09, nearing the 20 percent threshold some investors consider as the beginning of a bull market. Abu Dhabi banks and real estate companies are recovering from a credit crisis that caused property prices in the U.A.E. to drop by as much as 65 percent and slowed lending, bringing the neighboring emirate of Dubai to the brink of default in 2009. “The fundamentals support the rise as corporate profits are growing while the valuation is still depressed compared with regional stock markets,” said Nabil Farhat, a partner at Abu Dhabi-based Al Fajer Securities. The rally will continue “within the limits of the technical picture.” More»
Amwal Al Ghad - 2013-01-03 12:11:56
Middle East and North Africa equities are set to outperform emerging markets as higher dividends and state-funded expansion lure investors hunting for better returns, Franklin Templeton Investment Management Ltd. (BEN) said. The Bloomberg GCC 200 Index (BGCC200) of the biggest Gulf Cooperation Council stocks rose 3.7 percent in 2012, lagging behind the 15 percent rally in the MSCI Emerging Markets Index. (MXEF) Shares in the Bloomberg GCC 200 Index, which includes the most-traded stocks in the six-nation group, offer a dividend yield of 3.87 percent, versus 2.67 percent on the MSCI Emerging Markets Index, according to data compiled by Bloomberg. “As international investors search further afield for yield, the MENA equity case will garner more interest,” Bassel Khatoun and Salah Chamma, Dubai-based co-heads of MENA equity at Franklin Templeton Investments (ME) Ltd., said in a Dec. 30 e- mailed response to questions. Stocks trailed emerging-market peers in the past five years and “given the supportive regional fundamentals, there is a strong case for the reversal of that trend,” they said. MENA stocks underperformed peers as a wave of popular unrest in the so-called Arab Spring and Dubai’s debt crisis deterred foreign investors. Momentum is returning as the GCC invests oil wealth on more than $1 trillion of projects, including schools and roads in Saudi Arabia and stadiums to host the 2022 soccer World Cup in Qatar. Companies benefiting from this spending will lure investors given attractive valuations, said Franklin Templeton, whose MENA fund had $50 million in assets under management at the end of November. More»
Amwal Al Ghad - 2013-01-02 09:40:41
UAE stock markets outperformed GCC peers in 2012, as Dubai Financial Market General Index (DFMGI) and Abu Dhabi Index (ADI) leapt by 19.9% and 9.52% respectively. Saudi Stock Exchange (Tadawul) came third, gaining nearly 6%, according to Al-Khaleej daily. Most economic sectors in Dubai showed positive performance especially real estate and tourism, which mirrors the UAE's strong economy. Analysts agreed that confidence was restored in local capital markets, particularly DFM, in 2012. The Egyptian Exchange (EGX) came on top of Arabian bourses in 2012, as EGX 30 added 50.8%. Casablanca Stock Exchange was the worst performer with a loss of 15%. It was followed by Bahrain Stock Exchange with a drop of 6.8%. More»
Amwal Al Ghad - 2012-12-27 11:04:01
Arab bourses swelled by nearly $60 billion in 2012 to match a recovery in global markets and Gulf exchanges emerged as the best performers, official data showed. The combined market capitalization of the 14 official stock exchanges in the region surged to nearly $944.2 billion towards the end of 2012 from about $884 billion at the end of 2011, an increase of $60.2 billion. Most bourses recorded an increase but the UAE and Saudi Arabia emerged as the star performers through 2012, with their combined market capitalization swelling by nearly $49 billion, according to the figures by the Abu Dhabi-based Arab Monetary Fund. Saudi Arabia's bourse Tadawul alone soared by $37 billion while Abu Dhabi Security Exchange grew by nearly $12 billion. Dubai's market capitalization rose slightly to around $49.8 billion from $49.5 billion. Qatar's bourse, one of the largest markets in the Middle East, increased to $132.2 billion from $128.4 billion while Kuwait's bourse, another major stock market, rose to nearly $103.9 billion from $100.9 billion in the same period. Oman's Muscat securities market also performed well through 2012, with its market capitalization rising to nearly $22.2 billion from $19.6 billion. Bahrain was the only Gulf market to record negative growth, receding to $15 billion from $16.5 billion. Outside the GCC, Egypt's bourse emerged as the best performer with its market capitalization soaring to $60.2 billion towards the end of 2012 from $48.6 billion at the end of 2011, said the AMF, a key Arab League financial organization. Morocco's Casablanca bourse, the second largest market outside the Gulf, shrank to around $52.9 billion from $60 billion. Jordan's Amman bourse also edged down to around $26.1 billion from $26.9 billion in the same period. More»
Amwal Al Ghad - 2012-12-24 08:02:39
The Qatar Exchange opened the week weak yesterday, snapping four days of a bullish spell, mainly on higher net profit-booking by foreign institutions. Mid and large cap equities saw brisk selling as the 20-stock QE Index (based on price data) settled 0.23% lower at 8,422.89 points. The market is down 4.06% year-to-date. The 20-stock Total Return Index was also fell 0.23% to 11,399.21 points and the All Share Index (comprising wider constituents) by 0.23% to 2,025.38 points respectively. Both the indices factored in dividend income as well. Under the All Share Index category, the telecom index shrank 1.18%, followed by insurance (0.66%), banks and financial services (0.34%), transport (0.11%) and industrials (0.05%); while that of real estate gained 0.62% and consumer goods 0.10%. More»
Amwal Al Ghad - 2012-12-18 08:53:08
Iranian share prices have rallied 40% in the past four months, at odds with the country’s deteriorating economic fundamentals under the weight of sanctions and raising the risk of a stock market bubble, analysts say. While a weak currency, high unemployment and double-digit inflation are contributing to a contraction in the Iranian economy as Western sanctions crimp the country’s energy and banking sectors, some listed companies are benefiting as a sharp currency devaluation has made them much more competitive. That is boosting the share prices of companies like Sina Chemical Industries, up 145% since October, and Abadan Petrochemical Co, up 18% in that time. Surging demand for shares, however, also reflects high inflation, a devalued currency and a lack of alternatives for local investors to park their cash, making the stock market overvalued and vulnerable to a sharp fall, analysts say. Sanctions imposed by Western countries that have cut much of Iran’s access to the global financial system have made it difficult for wealthy Iranians to send their money overseas, said an economist in Tehran, who did not wish to be identified. More»
Amwal Al Ghad - 2012-12-18 08:46:56
The Qatar Exchange yesterday overcame the initial profit-booking pressures to close in the positive territory although trading was largely subdued. Telecom and consumer goods were most sought after as the 20-stock QE Index (based on price data) settled 0.05% higher at 8,335.48 points. The market is, however, down 5.05% year-to-date. The 20-stock Total Return Index was also up 0.05% to 11,280.92 points and the All Share Index (comprising wider constituents) by 0.07% to 2,004.19 points respectively. Both the indices factored in dividend income as well. Under the All Share Index category, the insurance index gained 1.80%, followed by telecom (0.83%), consumer goods (0.22%) and industrials (0.17%); while banks and financial services fell 0.20%, realty 0.16% and transport 0.09%. Major gainers included Commercialbank (Cb), Gulf International Services (GIS), Industries Qatar and Qatar Telecom; even as QNB, Mawashi and Vodafone Qatar bucked the trend. More»
Amwal Al Ghad - 2012-12-18 08:42:24
Foreign buying in Dubai’s bellwether Emaar Properties yesterday helped the emirate’s bourse make its largest one-day gain in two weeks. Shares in Emaar rose 1.6%, extending year-to-date gains to 44.4%. The emirate’s index advanced 1%, its biggest one-day gain since November 29. Abu Dhabi’s index slipped 0.1% to 2,611 points. The Qatar Exchange’s benchmark index gained 0.2% to 8,351 points. In Saudi Arabia, the index gained 0.3%, a fresh five-week high as investors took positions ahead of the year-end on expectations of a strong start to 2013. Large-caps supported, with the heavyweight petrochemical and banking sectors up 0.8 and 0.4% respectively. Saudi Kayan Petrochemical jumped 4.5% in heavy trade. Saudi Basic Industries Corp gained 0.3%. More»
Sara Imam & Islam Salah - 2012-12-10 11:27:08
The Saudi Stock Exchange (Tadawul) is considering to add a number of financial instruments and mechanisms to the market within the coming year. The Saudi bourse is planning to increase the market activities and provide more options for the investors. In an exclusive statement to Amwal Al Ghad, Abdullah Alsuweilmy - CEO at Tadawul – announced that the Saudi bourse is targeting bringing the exchange traded funds (ETFs) mechanism into effect by the beginning of 2013. He added that the Saudi Stock Exchange shall start the new mechanism with around 3 funds. “The Saudi Stock Exchange is currently using a few financial instruments; It needs to add more so as to stimulate the market.” Alsuweilmy noted More»
Amwal Al Ghad - 2012-11-25 12:35:13
After a stellar start to the year, Saudi Arabia's stock market has lost its momentum because of disappointing earnings at blue-chip companies. Now investors are hoping a spate of new listings of family-owned businesses will restore energy to the market. Analysts say authorities are encouraging family-owned companies to list on the exchange, partly as a way to distribute wealth more widely. Raising the income of less well-off Saudis is also the goal of the government's job creation and welfare programmes, which have been expanded in the past 18 months. Listing family businesses, many of which are in consumer sectors rather than the capital-hungry banking and petrochemical areas, could lure money back to the stock market by giving investors more choice. "We get the sense that there is a lot of pressure from the government on family-run businesses to go public," said Mahmoud Akbar, a banking analyst at Riyadh-based NCB Capital. More»