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        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        Egyptians Housing Development    1.94        United Arab Shipping   0.43        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        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 - 2013-04-28 15:59:34
Dubai shares climbed to the highest in more than three years on bets economic growth in the emirate will accelerate, pushing its credit risk lower. Dubai Islamic Bank PJSC (DIB), the emirate’s biggest bank complying with Muslim banking rules, surged to the highest in more than three years. Emaar Properties PJSC (EMAAR), the developer set to report results this week, rose to the strongest level since March. Drake & Scull International PJSC (DSI) soared the most in since December 2009. The Dubai Financial Market General Index (DFMGI) gained 1.6 percent to 2,108.63, the highest since November 2009. Dubai, the second-biggest sheikhdom in the United Arab Emirates, is recovering from a property crash and a debt crisis helped by a rebound in the tourism, trade and retail industries. The economy is set to expand 4.6 percent, on average, between 2012 and 2015, more than twice the average growth in the prior four years, government forecasts show. More»
Amwal Al Ghad - 2013-03-03 08:39:37
A delegation from Abu Dhabi Securities Exchange (ADX) took part in the 7th Financial Markets Exhibition and Conference which held place in Cairo, Egypt. Mr. Saif Sayah Al Mansouri, head of Listed Companies and head of Media at ADX said of the event:” we always welcome the idea of partaking in such events where we gather and confer with our colleagues and counterparts from around the world.” Mr. Al Mansouri added that:” Abu Dhabi is a dominant player in the world of money and finance in the region, and as result ADX places great significance on supporting and partaking in such events. We remain fully committed to the business community in the UAE, and we, as a securities exchange have a great understanding of the business sector needs and its rapid growth in the emirate.” The head of Listed Companies at ADX reiterated:” The 7th Financial Markets Expiation and Conference allows us a distinctive opportunity to profile the Emirate as an investment destination and as a business hub within the Middle East.” It is noteworthy to say that the ADX booth at the conference attracted many visitors who sought to know more about the initiatives, goals, and the role that ADX plays in the development of the economy of Abu Dhabi, as well as the general strategies of the Abu Dhabi government. More»
Amwal Al Ghad - 2013-01-14 08:39:17
A major outcome of the preparatory meetings of the Arab private and public sectors (APSF-2013) is the launch of the Arab Common Exchange (ACE) announced on the opening day of the forum on Sunday. The ACE will be the first Arab joint capital market representing Arab joint stock companies with Bahrain as its headquarters. It will be manned by the private sector in Arab countries. The announcement was made jointly by Bahrain’s ambassador to Riyadh, Sheikh Hamood bin Abdullah bin Hamad Al-Khalifa, and the project founder, Safar bin Aed Al-Harthi, who is leading a group of Arab businessmen to this forum. In an interview with CNBC Arabia TV, Aed Al-Harthi, said the ACE will have overall investments worth $3 trillion and will likely kick off by mid-2014. More»
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»