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        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        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        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 - 2016-06-07 09:47:20
An improved mood in global markets lifted bourses in the United Arab Emirates and Qatar at early Tuesday as Asian stocks hit five-week high and Brent crude oil held above $50 a barrel. Dubai's stock index climbed 0.9 percent, with three quarters of the traded stocks advancing by midday. Union Properties climbed 3.5 percent after the company secured a loan to finance development of a mid-to-upscale gated community in Dubai's MotorCity. Dubai Parks and Resorts, meanwhile, jumped 4.3 percent to 1.47 dirhams. Last week HSBC initiated coverage of the company with a "buy" rating and a target price of 1.80 dirhams. The main Abu Dhabi index rose 0.3 percent as Abu Dhabi National Energy (TAQA) jumped 3.5 percent and telecoms company Etisalat, a constituent of the MSCI emerging markets index, gained 1.1 percent. In Doha, blue chips pulled the index up 0.9 percent. Vodafone Qatar and Ezdan Holding were each up by more than 1 percent. More»
Amwal Al Ghad English - 2016-06-06 09:05:04
Saudi Arabia's stock market may remain weak Monday before the announcement in the evening of details of the kingdom's economic reform plan. The National Transformation Plan (NTP), a key part of efforts to restructure the Saudi economy and make it less dependent on oil revenue, will be put before the cabinet for approval on Monday, a senior Saudi source told Reuters. Details of the NTP will be disclosed in daily news conferences with government ministers starting on Monday evening. Although it is not clear exactly which economic steps will be discussed, the wider reforms will include subsidy cuts, tax rises, sales of state assets, a government efficiency drive and efforts to spur private sector investment. "Some sectors have to brace themselves for further subsidy cuts and other austerity measures in the near term before they can reap the longer-term benefits," said a Riyadh-based analyst. On Sunday investors dumped shares in petrochemical and other industrial sectors because of that worry. Riyadh's stock index has fallen 6.6 percent since the original announcement of the reform drive in late April. But some sectors could quickly see opportunities in the reform plan. On Sunday, Saudi Real Estate Co said it had agreed with U.S. firm Starwood Hotels and Resorts to build two hotels next to a district of Riyadh which the government plans to develop into an international business zone. The healthcare sector could also benefit from opportunities as the kingdom privatises hospitals and other healthcare operations. In the rest of the Gulf, stock markets look likely to be supported by a positive global mood, with MSCI's broadest index of Asia-Pacific shares outside Japan up 0.6 percent after U.S. jobs data appeared to reduce the chances of a U.S. interest rate hike any time soon. More»
Amwal Al Ghad English - 2016-06-05 10:48:48
Bourses in the Gulf traded near flat in early trade Sunday with shares Saudi Arabia's third largest telecom operator rising after securing a refinancing loan. Zain Saudi Arabia jumped 6.7 percent after the telecom operator said in a bourse statement on Sunday it has signed a 2.25 billion riyal ($600 million) loan refinancing with a group of four local banks. The company is currently trading below its mean target price of 9.64 riyals, according to the average of 9 analysts polled by Reuters. Shares in Advanced Petrochemical rose 0.4 percent to 48.80 riyals after the company announced on Sunday it has started operations at its South Korean joint venture PDH Plant. The financial impact of the new operations will be reflected in the second quarter of 2016, the company added. Advanced is expected to pay a cash dividend of 0.75 riyals per share for the first half of the year on July 3. Other petrochemical shares were mixed, with Saudi Kayan Petrochemical gaining 1.6 percent, but Saudi Basic Industries the largest producer, falling 0.3 percent. The main index was up 0.1 percent after 50 minutes of trade. Dubai's index reversed earlier losses and added 0.2 percent with Shuaa Capital adding 1.2 percent. Reuters reported on Tuesday that several local investment firms were among the bidders for Dubai Group's 48.4 percent stake in Islamic financial firm Shuaa. But builder Drake and Scull and amusement park developer Dubai Parks and Resorts were each down more than 1.0 percent. Combined they made up 28 percent of the total volume. Abu Dhabi's Dana Gas and Abu Dhabi National Energy each dropped more than 1.5 percent. After market close of Thursday TAQA announced its chief operating officer, Edward LaFehr, is leaving the company for personal reasons and that Saeed Hamad al-Dhaheri will take over as acting chief operating officer, effective June 22. More»
Amwal Al Ghad English - 2016-06-02 09:50:37
Stock markets in the Gulf were mixed in early trade Thursday ahead of an OPEC meeting later in the day that will discuss the possibility of coordinated action among oil producers to support prices. Riyadh's stock index added 0.4 percent after 45 minutes of trade, with support from some petrochemical shares after Brent oil hit $50 a barrel. Saudi Basic Industries climbed 0.9 percent. Low-cost supermarket operator Abdullah Al Othaim jumped 7.0 percent to 103.75 riyals in heavy trade, heading for its highest close since August 2015. The stock is trading close to its mean fair value of 108.27 riyals, according to a Reuters survey of analysts. Of 12 analysts, seven have a "buy" rating on Othaim and the rest a "hold". Healthcare stocks were also advancing with National Medical Care and Dallah Healthcare Holding each gaining more than 1.5 percent. Dubai's index edged 0.4 percent lower, weighed down by declines in blue chips Dubai Islamic Bank and telecommunications operator du. Those stocks were each down more than 1.0 percent. Shuaa Capital, which had surged 6.3 percent on Wednesday after Reuters identified several bidders for a stake in it, dropped back 2.5 percent. Abu Dhabi's Etisalat and Dana Gas were the main drags on the index in that market, which edged down 0.3 percent. Etisalat declined 0.6 percent and Dana fell 1.8 percent. Blue chips helped push the Qatari index 0.4 percent higher. Industries Qatar and Qatar National Bank rose 0.6 percent and 0.3 percent respectively. More»
Amwal Al Ghad English - 2016-06-01 18:22:34
A rebound in the banking sector buoyed Saudi Arabia's bourse Wednesday and other Gulf bourses also inched higher, with Dubai's Shuaa Capital surging on hopes that potential buyers of a stake in it had placed high bids. Saudi banking shares, which were among the market's worst performers in May, attracted buying on dips as Saudi British Bank (SABB) jumped 3.2 percent. Riyadh's main stock index edged up 0.2 percent. Healthcare and education shares were also strong with Al Hammadi Co, the medical equipment supplier, adding 2.2 percent. The only listed education stock, Al Khaleej Training and Education, rose 3.1 percent. Yanbu National Petrochemicals (Yansab) erased some of its 6.5 percent gain in the previous session and dropped 1.7 percent. On Tuesday the company said its board recommended the distribution of a higher dividend for the first half of this year. Other petrochemical shares were also laggards with the largest producer, Saudi Basic Industries, falling 0.6 percent. More»
Amwal Al Ghad English - 2016-06-01 09:30:48
Shares in Saudi Arabia dropped in early trade Wednesday, dragged down by petrochemicals and banks, while other Gulf bourses were mixed. Riyadh's index was down 0.2 percent after an hour. Yanbu National Petrochemicals (Yansab) and National Commercial Bank fell 0.2 and 0.7 percent respectively. On Tuesday, Yansab had surged 6.5 percent after its board recommended the distribution of higher dividends for the first half of this year compared to last. Saudi healthcare and education shares were strong with Al Hammadi Co, the medical equipment supplier, adding 1.5 percent. The only listed eduction stock, Al Khaleej Training and Education, rose 1.6 percent in heavy trade. Meanwhile the Dubai index slid 0.4 percent, weighed down by a 1.8 percent drop in the largest listed bank, Emirates NBD. But Shuaa Capital, the most heavily traded stock, surged 4.8 percent after Reuters reported on Tuesday that Abu Dhabi Financial Group, Al Mal Capital and Arqaam Capital are among the bidders for Dubai Group's 48.4 percent stake in the Islamic financial firm. Abu Dhabi's index gained 0.7 percent, supported by rises in Dana Gas and telecommunications firm Etisalat , which were each up more than 1.0 percent. In Qatar, the index edged up 0.2 percent, buoyed by a 1.5 percent bounce in Qatar National Bank. More»
Amwal Al Ghad English - 2016-05-30 09:43:42
Shares in Dubai dropped in early trade Monday as investors cashed out of stocks which have made recent gains, while Saudi Arabia's stock market was choppy. In Dubai losers outnumbered gainers 14 to six and the index was down 1.0 percent. Blue-chips Emaar Properties, which has been rising for three session, lost 1.7 percent, while Dubai Islamic Bank, which was a top gainer on Sunday, dropped 2.2 percent. But the 0.6 percent gain in Etisalat, the largest listed stock and a constituent of the MSCI emerging market index, lent support to Abu Dhabi's index which was up 0.04 percent. Aldar Properties, the largest listed real estate stock by market value in Abu Dhabi, added 0.4 percent. In Saudi Arabia the index was being tugged in opposing direction by the two largest sectors by market value. The banking sector, which was the main laggard on Sunday, added 0.2 percent with the largest Islamic lender Al Rajhi Bank adding 0.9 percent. But petrochemical shares were weak with Saudi Basic Industries, the largest listed stock, down 0.3 percent. The index edged up 0.01 percent after 40 minutes of trade. More»
Amwal Al Ghad English - 2016-05-29 10:00:15
Shares in Kuwaiti companies linked with the al-Kharafi family tumbled at early trade on Sunday after the multibillion-dollar sale of another Kharafi-controlled business was scrapped. Investment company Adeptio had agreed in February to buy 69 percent of Kuwait Food Co (Americana) from Al Khair for Stocks and Real Estate, which is run by the wealthy Kharafi merchant family, but Al Khair announced on Sunday that the plans have been scrapped. Americana's shares were suspended ahead of the market open and have yet to resume trading, but other Kharafi-linked stocks plunged. National Industries Group and National Investment Co slid 1.8 percent and 8.9 percent respectively, while Al Mal Investment Co was down 8.5 percent and Gulf Cable Co fell 6.2 percent. The Kharafis own stakes in all four of the companies, Thomson Reuters data shows. Kuwait's index fell 0.6 percent to 5,362 points. Elsewhere, Dubai Parks and Resorts hit a record peak to help to lift Dubai's index to a two-week high in otherwise subdued trading. The company, which completed a 1.68 billion dirham ($457.44 million) rights issue last week, rose 4.2 percent to 1.49 dirhams. The stock accounted for two thirds of all shares traded on the benchmark index and took its gains to 17 percent in three sessions. The Dubai index rose 0.3 percent to 3,360 points, reaching its highest level since May 12 and looked set for a fourth straight advance despite losers outnumbering gainers 10 to eight. Volumes have slumped since late April, but the trend ahead of the Muslim holy month of Ramadan -- which starts in early June -- could yet be disturbed, said Marwan Shurrab, director at Vision Investments and Holding in Dubai. Shurrab predicts that speculation over a possible rise in U.S. interest rates and a June referendum on whether Britain should leave the European Union will contribute to Dubai stock volatility before Ramadan. Among Gulf bourses, Dubai tends to track international markets most closely because foreign investors have a bigger influence. Saudi Arabia's benchmark fell 0.9 percent to 6,423 points, taking its losses to 6.5 percent since the 16-week high hit on April 25. Saudi Basic Industries Corp, the Gulf's largest listed company, was the biggest faller with a 1.8 percent decline. More»
Amwal Al Ghad English - 2016-05-26 09:51:41
Gulf shares inched up in early trade Thursday as oil prices climbed to hit their highest levels in six months and global equity markets edged higher. Petrochemical shares lifted Riyadh's index 0.6 percent with Saudi Basic Industries, the largest listed producer, adding 1.2 percent as Brent oil prices broke over $50 a barrel in Asian trade. Makkah Construction added 0.6 percent after it reported a 6 percent rise in its quarterly income. The company attributed the growth to higher occupancy at its Mecca-based Hilton Towers. Dubai's index added 0.6 percent, boosted by a 1.8 percent rise in the largest listed real estate company Emaar Properties. Abu Dhabi's index reversed earlier losses and rose 0.4 percent, lifted by a 3.8 percent jump in Dana Gas. Similarly Qatar's index was 0.5 percent higher with support from oil-linked shares. Gulf International Services, an oil drilling provider, climbed 3.0 percent. More»
Amwal Al Ghad English - 2016-05-25 10:25:02
Gains for global equity and oil markets supported Gulf bourses in early trade Wednesday, with Riyadh's index gaining one percent in the first hour as investors bought back shares which were sold off at the start of the week. Saudi petrochemical shares were particularly strong, lifted by firm oil prices. Saudi Basic Industries was up 1.6 percent. Saudi Cement rose 1.6 percent after the company said it had sold its 40-percent stake in a Kuwaiti cement company, Grup International Cement, for $6.59 million, and that would be reflected in its books in the second quarter. Dallah Healthcare climbed 1.2 percent after the company announced the signing of a memorandum of understanding with Shibh AlJazira Real Estate Development to form a joint venture that would build and operate a hospital in Jeddah. Dubai's stock index added 1.1 percent after rising one percent on Tuesday. Trades were concentrated in real estate- related shares with Emaar Properties advancing 2.3 percent. Real estate firms were also the most active in Abu Dhabi's bourse with Aldar Properties adding 2.8 percent. The Abu Dhabi index was up 0.5 percent, heading for its third straight session of gains. But the index has been in a downtrend since mid-April, one Dubai-based day trader said, noting that thin trading volumes would not sustain an extended rebound. Blue chips helped support Qatar's index, which was 0.6 percent higher. Oil drilling rig provider Gulf International Services rose 1.8 percent while telecommunications operators Vodafone Qatar and Ooredoo each gained more than 0.5 percent. More»