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 - 2012-10-08 09:20:17
Dubai's benchmark index extended its rally to hit a 23-week high on Sunday, with real estate stocks attracting buyers amid renewed momentum in the once-troubled sector. Other Gulf markets were mixed ahead of third-quarter corporate earnings. In Dubai, Emaar Properties rose nearly 2 percent, while Union Properties advanced 3.1 percent and Deyaar climbed 0.5 percent. Dubai's index rose 1 percent to 1,644 points, its highest close since April 26. "The real estate sector in Dubai has been picking up and investors are expecting this to be reflected on the real estate sector shares," says Nabil Al Rantisi, managing director at Mena Corp. "Markets look in good condition. The only thing at the moment that could stop this is more instability in the geopolitical situation in the region." Developers unveiled billion-dollar projects and new high-end residential developments at Dubai's annual Cityscape property show last week, with the mood at the event at its most upbeat since 2008. More»
Amwal Al Ghad - 2012-10-08 08:35:35
Arqaam Capital, a Dubai-based emerging market investment bank, has agreed to buy a financial services firm in Libya to tap into economic growth as the country rebuilds after its civil war. The acquisition of Al Rashad Finance and Management Advisory will give Arqaam a presence in the country and the potential to buy and sell securities and manage portfolios there, Arqaam said in a statement on Sunday. Al Rashad Finance, founded in February, has received initial approval for a financial services licence in Libya, Arqaam said. No financial details of the transaction were provided. Libya's economy is expected to rebound sharply this year from a deep contraction in 2011 as the country rebuilds and oil production recovers to levels last seen during Muammar Gaddafi's rule, the International Monetary Fund said in July. Arqaam offers corporate finance, asset management and brokerage services through its main office in Dubai. It also has presences in Beirut, London and Cairo. The firm bought Egyptian brokerage firm El Rashad Securities in January. More»
Amwal Al Ghad - 2012-10-07 14:30:51
Dubai's benchmark index extended its rally to hit a 23-week high on Sunday, with real estate stocks attracting buyers amid renewed momentum in the once-troubled sector. Other Gulf markets were mixed ahead of third-quarter corporate earnings. In Dubai, Emaar Properties rose nearly 2 percent, while Union Properties advanced 3.1 percent and Deyaar climbed 0.5 percent. Dubai's index rose 1 percent to 1,644 points, its highest close since April 26. "The real estate sector in Dubai has been picking up and investors are expecting this to be reflected on the real estate sector shares," says Nabil Al Rantisi, managing director at MENA Corp. "Markets look in good condition. The only thing at the moment that could stop this is more instability in the geopolitical situation in the region." Developers unveiled billion-dollar projects and new high-end residential developments at Dubai's annual Cityscape property show last week, with the mood at the event at its most upbeat since 2008. More»
Amwal Al Ghad - 2012-09-30 07:59:04
The long-drawn-out political deadlock between Kuwait's cabinet and parliament has hurt the stock market, but fund managers and analysts believe government-linked funds may have stepped in to support shares, and blue chips are reaping the benefit. The market's index slumped to an eight-year low in mid-August, underperforming most other stock markets in the Gulf, largely because of the political situation. Opposition legislators are boycotting parliament and accuse the government of trying to gerrymander voting districts for the next election, which could be held by the end of this year. In the meantime, much economic policy-making and many investment plans have been frozen. But in the last several weeks the index has partially recovered and it now stands at a three-month high, 5 per cent above its trough. It is 2.3 per cent higher than its level at the end of last year. Many in the market suspect government-linked funds are buying stocks. Speculation centres on the Kuwait Investment Authority (KIA), the country's sovereign wealth fund in which much of its oil wealth is parked, and on other funds in which the government owns stakes. More»
Amwal Al Ghad - 2012-09-25 09:34:19
Bahrain Bourse, one of the leading markets in the Gulf region, said it has signed a memorandum of understanding (MoU) with the Turkish stock exchange during the Istanbul Finance Summit. The agreement with Istanbul Menkul Kõymetler Borsasõ (MKB) aims at strengthening relations between the two exchanges as well as offering new investment opportunities for participants of both markets. "MKB attaches special importance to GCC countries and envisages that the region will play a key role in its future," said MKB chairman and chief executive Ibrahim M Turhan. "We are, therefore, pleased to sign this MoU with Bahrain Bourse, one of the leading markets in the Gulf," he noted. "I am confident that this MoU will pave the way for a stronger co-operation between the two exchanges in various areas of exchange business, including technology development, exchange of staff and offering common products for the investors of both sides," he added. More»
Amwal Al Ghad - 2012-09-24 15:17:29
Iran's state radio is reporting that the country has inaugurated a new hard currency trading center to undercut the black market. Under the supervision of Iran's central bank, the center will offer US dollars at 2 percent less than the street rate to importers of the country's needs, from the veterinary industry to printing machines, according to the Sunday report. More»
Amwal Al Ghad - 2012-09-24 09:37:41
Qatar Exchange (QE) has launched a new Mobile Market Watch that runs on Apple devices (iPad, iPhone and iPod). The new Mobile Market Watch, available on Apple store, offers innovative features designed to help users in their investment decisions, it said. These features include: market statistics in real time, securities trades in real time, historical price graphs, QE and companies news. In addition to this, users can configure a list of their preferred stocks for direct access to associated data. A planned second release of this Market watch will include notifications and alerts about stocks movements and corporate events, a statement said. More»
Amwal Al Ghad - 2012-09-23 15:04:22
Dubai’s benchmark stock index fell the most in almost two weeks before companies in the emirate report third-quarter financial results and after oil dropped. Arabtec Holding Co. (ARTC), the United Arab Emirates’ biggest construction company, fell to the lowest level since March 8. Emaar Properties PJSC (EMAAR), developer of the world’s tallest skyscraper, decreased 1.1 percent. Dubai’s DFM General Index (DFMGI) dropped 0.8 percent, the most since Sept. 10, to 1,592.78 at the close. The measure has soared 9.7 percent this quarter. Qatar’s QE Index (DSM) retreated 0.4 percent and the Bloomberg GCC 200 Index (BGCC200) of the region’s top 200 equities lost 0.1 percent. “We’re getting closer to third-quarter results, so traders are waiting for signals, especially because the markets have already rallied,” said Nabil Rantisi, managing director of brokerage at Abu Dhabi-based Menacorp. Gulf Cooperation Council countries are scheduled to announce quarterly results next month. Arabtec, which has the fourth-heaviest weighting on Dubai’s gauge, may post third- quarter profit of 15 million dirhams ($4.1 million), according to an estimate by Securities & Investment Co. and 7 million dirhams, according to National Bank of Kuwait. That’s down from 39.1 million dirhams in the year-earlier period. Emaar may report a 14 percent drop in net income, a National Bank of Kuwait (NBK) estimate on Bloomberg shows. More»
Amwal Al Ghad - 2012-09-10 14:34:03
Oman’s benchmark stock index climbed to the highest level in more than two months amid speculation this year’s decline is overdone given prospects for corporate earnings. National Aluminium Production (NAPI), which exports to Germany, the U.K. and Singapore, advanced to the highest intraday level in almost a week. Galfar Engineering & Contracting SAOG (GECS), a construction company, headed for the highest close since June 28. The MSM30 Index (MSM30) gained for a seventh day, rising 0.1 percent to 5,596.65, the highest intraday level since July 3, at 11:43 a.m. in Muscat. The Bloomberg GCC 200 Index fell 0.1 percent. Oman’s benchmark has declined 1.7 percent this year, leaving the 30 companies trading at an average 9.8 times estimated earnings. That’s lower than Dubai, Saudi Arabia and Qatar and compares with 10.9 times for the MSCI Emerging Markets Index, according to data compiled by Bloomberg. Dubai’s measure has gained 15 percent this year, while Saudi’s index is up 11 percent. More»
Amwal Al Ghad - 2012-09-03 09:06:07
Dubai Financial Market (DFM), one of Arab world's leading bourses, said foreign investors bought stocks worth Dh1.134 billion ($308.6 million) in August, which was 50.7 per cent of the total traded value. Announcing this on Sunday, DFM said the market capitalization increased at the end of this month to Dh179.5 billion, up 0.3 per cent compared to Dh179 billion the previous month. DFM said its general index increased by 0.3 per cent to hit 1547.82 points at the end of August compared to 1542.64 points in July. At the sectoral level, indexes of four out of the nine sectors represented on the bourse ended the month in the green, with the telecommunication sector increasing the most by 5.6 per cent, followed by the transportation and banks sectors by 2.3 per cent, and 1.5 per cent respectively, said the bourse in its statement. According to DFM, the value of stocks traded during August fell 21.3 per cent to reach Dh2.2 billion from Dh2.8 billion in July. More»