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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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 - 2013-05-02 09:39:18
The Abu Dhabi Securities Exchange - ADX General Index wavering in the green zone reached at 3,282.31 levels during the first couples of hours trading on Thursday 2nd May 2013. The index added 8.81 points or 0.27 percent. Investment & Financial Services sectors was the key gainer, showing a growth of 9.46 percent. Real Estate followed it with 0.80 percent.  Industrial and Energy sectors turned red, dropping 4.23 percent and 0.03 percent respectively.  The marjet breadth was positive with 14 stocks witnessing advances against 7 declining stocks and the prices of 4 stocks remained unchanged.  Oman Emirates Investment Company (OEIHC) topped the chart of gainers’, surging 14.58 percent.Ras Al Khaimah Ceramics Company (RAKCEC) led the chart of losers’, dropping 9.52 percent. Abu Dhabi Commercial Bank (ADCB) with more than 262.7 million shares dominated the share trading activity on volume basis. More»
Amwal Al Ghad English - 2013-05-02 09:32:56
The Dubai Financial Market (DFM)’s General Index following the typical falling trough peak combination dropped 0.83 percent during the first couple of hours trading on Thursday 2nd May 2013. The index trimmed 17.69 points to reach at 2,118.98. The market breadth was negative as there were 11 advancing companies during this time span against the 14 declining stocks. Investment & Financial Services and Banks sectors performed worst, dropping 3.02 percent and 1.60 percent respectively.  Industrials sector showed a growth of 6.53 percent.  National Cement Company (NCC) topped the chart of gainers’, surging 9.97 percent.  Dubai Islamic Insurance Reinsurance Company (AMAN), on the other hand, topped the chart of losers’, dropping 5.35 percent. More»
Amwal Al Ghad English - 2013-05-02 08:14:59
Kuwait’s benchmark index climbed on Wednesday to a three-year high on bets investors will boost stock purchases after their retail loans are canceled. Kuwait Food, the company known as Americana, advanced to the highest since 2008 and Combined Group Contracting Co., a construction company, increased the most since March 14. The Kuwait Stock Exchange Index (KWSEIDX) rose for a ninth day, gaining 1.8 percent to 7,562.83, the highest since April 2010, at the close in Kuwait City. The measure surged 11 percent last month, the sixth-best performer among 94 indexes tracked by Bloomberg. The Arab Gulf country’s parliament last month passed a law requiring the government to pay 744 million dinars ($2.6 billion) to purchase citizens’ loans taken before March 30, 2008 and write off all interest before rescheduling payments. The law also requires banks to repay borrowers who were charged more than 4 percentage points above the base rate. Some 47,444 Kuwaitis who borrowed from conventional banks are eligible to benefit from the law, according to estimates by lawmakers. More»
Amwal Al Gahd English - 2013-04-29 09:42:30
The DFM General Index inched down to drop 0.85 percent during the first couple of hours trading on Monday 29th April 2013. The index spending most of the session below the break – even line trimmed 17.85 points to reach at 2,090.78. The market breadth was strongly negative as there were only 7advancing companies during this time span against the 16 declining stocks. Telecom and Banks sectors performed worst, dropping 1.7 percent each. Insurance followed it with 1.26 percent. Services sector showed a growth of 2.00 percent. Drake Scull International Company topped the chart of gainers’, surging 2.10 percent. Takaful Al-Emarat Insurance, on the other hand, topped the chart of losers’, dropping 6.66 percent. More»
Amwal Al Gahd English - 2013-04-29 09:40:37
The ADX General Index hovering between north and south stepped down to reach at 3,272.32 levels during the first couple of hours trading on Monday 29th April 2013. The index trimmed 5.90 points or 0.18 percent. Services and Investment & Financial Services sectors dropped 1.59 percent and 1.37 percent respectively. Energy sector followed them with 0.71 percent. Consumer staples, on the green side, advanced 5.06 percent. Oman Emirates Investment Company topped the chart of gainers’, surging 14.29 percent. National Bank of Fujairah, on the other hand, topped the chart of losers’, dropping 9.68 percent. More»
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»