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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        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        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        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 - World

Amwal AL Ghad Engish - 2014-02-19 07:40:25
Asian share markets were in hesitant mood on Wednesday as investors keep a wary eye on interest rates in China, though the euro left the dollar in its dust after soft U.S. economic data argued for the Federal Reserve to be patient on stimulus. The action was light, with MSCI's broadest index of Asia-Pacific shares outside Japan barely budging. Seoul lost 0.4 percent, but Sydney edged higher on solid earnings results. Japan's Nikkei pared its early losses to be off 0.6 percent, battling to maintain the momentum of Tuesday's 3 percent rally which followed a decision by the Bank of Japan to expand a scheme to encourage more bank lending. The move was taken as a sign that the central bank was open to further easing steps, which many expect will be needed once an increase in Japan's sales tax is enacted in April. Dealers kept a careful eye on China's central bank after it drained funds from the money market on Tuesday, though it had taken no new action as yet on Wednesday which helped the Shanghai market bounce by 0.9 percent. More»
Amwal AL Ghad Engish - 2014-02-18 07:38:17
Japanese shares surged and the yen sagged on Tuesday after the Bank of Japan doubled loan programs aimed at stimulating bank lending and economic growth, while most other Asian shares were softer after solid gains in recent sessions. European shares were expected to be mixed after hitting a three-week high the previous day, with Germany's DAX .GDAX> seen rising 0.1 percent and Britain's FTSE .FTSE falling 0.1 percent. S&P stock futures pointed to a slightly firmer tone on Wall Street as U.S. markets were set to reopen after a three-day weekend. Japan's Nikkei average .N225 rose as much as 3.5 percent after the BOJ extended and expanded special loan facilities aimed at driving more funds through the banking sector to borrowers. The extension had been expected as the schemes were set to expire in March. "Speculators jumped on the news but if you think carefully, it's questionable if this will justify a big rally in the Nikkei," said Norihiro Fujito, senior strategist at Mitsubishi UFJ Morgan Stanley Securities. More»
Amwal AL Ghad Engish - 2014-02-17 07:51:12
Asian shares built on their recent rally on Monday as worries about emerging markets continued to ebb, sucking the safe-haven support out of the U.S. dollar while giving commodities a lift. Stocks across the region felt the benefit with MSCI's index of Asia-Pacific shares outside Japan .MIAPJ0000PUS up 0.7 percent, bringing its gains to almost 6 percent in eight sessions. Indonesia's market added 0.8 percent .JKSE, as did the Philippines .PSI. Several once-embattled Asian currencies all gained ground as sentiment improved and dealers reported an influx of funds to many emerging markets. The Indonesian rupiah did especially well with the dollar down 4 percent in as many days. The lower dollar in turn tends to be positive for commodities priced in that currency, helping spur gold to a fresh three-month peak at $1,329.55. Even Japan's Nikkei .N225 managed to shrug off a firmer yen and soft domestic data to gain 0.5 percent. It had eased earlier as the U.S. dollar lost a quarter of a yen to 101.58, while the euro made a three-week peak at $1.3723. The calmer mood was only briefly ruffled by data showing Japan's economy grew just 0.3 percent in the fourth quarter of last year, compared with the previous quarter, confounding forecasts of a 0.7 percent gain. More»
Amwal AL Ghad Engish - 2014-02-15 08:56:30
World stocks climbed for an eighth straight session on Friday on signs of a gradual improvement in euro zone growth and the euro rose to its highest level in almost three weeks, while gold climbed above $1,300 an ounce. On Wall Street, stock gains put the S&P 500 index on track for its first two-week winning streak of the year and the Nasdaq on track for a seventh session of gains, despite more weak data on the U.S. economy. Investors again appeared to blame the data on bad weather. U.S. factory production fell 0.8 percent in January, the biggest drop in more than 4-1/2 years. The report from the Federal Reserve follows an unexpectedly weak U.S. retail sales report Thursday that stock investors also discounted because of the weather. "The fact the market has not been adversely affected by the weaker numbers, any of the recent numbers that have fallen short, (means) the smart market money believes it is in fact the weather, and the economy has not fallen off the tracks here," said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey. More»
Amwal Al Ghad English - 2014-02-13 08:15:50
Asian shares stepped back from three-week highs on Thursday, snapping a five-session winning streak that was underpinned by receding concerns about global growth prospects and reassurance over U.S. monetary policy. There was also an element of caution, with some investors restraining bullish instincts until they see more solid evidence of a strengthening global economy. European shares are seen slipping, with both Germany's DAX .GDAXI and Britain's FTSE .FTSE expected to fall as much as 0.3 percent. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.7 percent after having gained 4.5 percent in the previous five sessions. Japan's Nikkei .N225 fell 1.8 percent after a 4.6 percent rise in the past three days. Markets are still sitting on solid gains that stem from relief over the continuity in Federal Reserve policy and pressure coming off emerging markets. Janet Yellen, made it clear on Tuesday, in her first public remarks since becoming Fed chair, that she would not make any abrupt changes to monetary policy. Adding to the positive mood, Congress approved legislation on Wednesday to increase the U.S. government's debt limit for a year, avoiding chances of a repeat of the political showdown that led to government shutdown in October. More»
Amwal Al Ghad English - 2014-02-11 08:40:34
Asian stock markets rose on Tuesday, ahead of Federal Reserve Chairwoman Janet Yellen’s testimony to Congress, while the second-largest Chinese initial public offering this year surged on its debut in Shanghai. The region tracked small overnight gains in the U.S., where Wall Street crept higher ahead of Ms. Yellen’s testimony, scheduled on Tuesday and Wednesday. Although Ms. Yellen isn’t expected to break any new ground, markets will be looking for clues on the central bank’s plans to pare back its bond-buying program in light of the recent disappointing U.S. economic data. Hong Kong’s Hang Seng Index added 0.8%, Singapore’s Straits Times Index added 0.5% and the Philippines PSE climbed 0.3%. South Korea’s Kospi added 0.1%. The Shanghai Composite Index was flat, following Monday’s 2% jump. The market’s focus was on the debut of Foshan Haitian Flavoring & Food Co., the second-largest Chinese IPO since the country lifted its more-than-one year moratorium in January. The company raised 3.8 billion yuan ($634 million) in its recent public offering. The surge in its shares of triggered the market’s circuit breakers and trade was halted after a 44% jump in early session. Australia’s S&P/ASX 200 added 0.4%, as the country’s earnings session progressed. More»
Amwal Al Ghad English - 2014-02-11 08:37:37
European stock markets headed for a fifth straight day of gains on Tuesday as investors waited for Janet Yellen to give her first testimony as U.S. Federal Reserve Chairwoman later in the day. Market participants will be watching closely for any signals on changes to monetary policy, although most analysts expect her to stick to the current strategy. The Stoxx Europe 600 index climbed 0.4% to 326.74, on track for the highest closing level in almost three weeks. L’Oreal SA gained 1.6% after news the cosmetics firm will buy back an 8% stake from Nestle. Lagardere SCA gained 2.2% after a well-received earnings report. Barclays PLC dropped 1.7% after reporting full-year earnings. Among country-specific indexes, the U.K.’s FTSE 100 index added 0.4% to 6,615.54, France’s CAC 40 index rose 0.3% to 4,251.21 and Germany’s DAX 30 index climbed 0.6% to 9,348.31. More»
Amwal Al Ghad English - 2014-02-10 07:26:09
Most Asian markets made guarded gains on Monday, encouraged that Wall Street was able to weather a seemingly disappointing U.S. jobs report, though there was more than enough event risk ahead to keep investors cautious. Crucially, the new head of the Federal Reserve, Janet Yellen, delivers her first testimony to the House on Tuesday and the Senate on Thursday, and markets will be hoping for reassurance that policy will stay loose for a long time to come. Japan's Nikkei led the way with a rise of 1.3 percent to 14,668, and away from last week's trough at 13,995. "In the short-term, investors are covering their short positions as risk appetite has come back," said Nobuhiko Kuramochi, a strategist at Mizuho Securities. "But they are not yet confident about further market rises until they get assurance for U.S. policy and growth at Yellen's testimony this week." MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.3 percent, while Shanghai added 1.7 percent. Japanese shares found further comfort in a softening yen with the dollar grinding up to 102.41, though it failed to clear resistance around 102.60. The dollar was a shade firmer on the euro at $1.3625, against $1.3635 late Friday. More»
Amwal Al Ghad English - 2014-02-08 10:12:30
Japanese equities led the gains in Asia on the final trading day of the week on optimism that January's U.S. jobs report could restore confidence in global markets. A positive handover from Wall Street helped to lift sentiment. Both the Dow Jones Industrial Average and the S&P 500 posted their biggest one-day percentage gains of the year after data showed unemployment claims fell more than expected last week, indicating an improving U.S. labor market a day ahead of January's payrolls report. "Given tapering now seems to be on a set course, it is important to see U.S. jobs stabilizing to help underpin confidence. Eight out of the last nine payrolls releases have seen U.S. equities gain ground and if that counts for anything we could be in for an extension of gains," said Stan Shamu, market strategist at IG in a note. More»
Amwal Al Ghad English - 2014-02-08 10:12:32
European equities closed higher for a second day on Friday, as investors brushed off a worse-than-expected U.S. nonfarm payrolls report for January, and as steelmaker Arcelormittal surged on optimistic 2014 forecasts. US jobs data misses The pan-European FTSEurofirst 300 Index provisionally closed up 0.7 percent at 1,299.53 points — despite wild fluctuations in early afternoon trade — following the release of jobs data in the U.S. The Bureau of Labor Statistics reported on Friday that employers added 113,000 positions as frigid weather and a deluge of storms dampened hiring. The unemployment rate fell to 6.6 percent. U.S. stocks climbed for a second consecutive session following the report. "This does confirm that there's probably some degree of slowness out there, but I don't think it's catastrophic," Brad McMillan, chief investment officer for Commonwealth Financial, which manages $81.6 billion for clients, said.   Name Price   Change %Change Volume FTSE FTSE 100 Index 6571.68   13.40 0.20% 709095773 DAX DAX Index 9301.92   45.34 0.49% 89003430 CAC 40 CAC 40 Index 4228.18   40.08 0.96% 139519332 IBEX 35 IBEX 35 Idx 10072.40   107.80 1.08% 328602423 In other news, Germany called on the European Court of Justice to decide whether the European Central Bank has exceeded its authority with its Outright Monetary Transactions (OMTs). These allowed the central bank to buy up the bonds of distressed euro zone countries if yields rose to a level where they couldn't pay down their debt. In China overnight, data from HSBC showed growth in the services sector fell to a near two-and-a-half-year low in January, the latest piece of data to confirm a slowdown. Statoil shares rise The basic resources sector was the standout gainer in trade, finishing the day up 1.7 percent.Arcelormittal and Vedanta Resources closed higher by around 0.8 and 4.3 percent respectively, with the former unveiling upbeat forecasts for the year ahead and highlighted growth in European steel consumption. In other stocks news, Statoil shares closed higher by around 5.7 percent — the biggest gainer on the STOXX Europe 600 — despite announcing it was abandoning its 2020 production target and sharply reducing its capital expenditure plans. Its results for the fourth quarter were also described as "underwhelming" by analysts at Sarasin Research. Assa Abloy closed up 2.2 percent after the Swedish lock maker announced a profit for its fourth quarter and raised its dividend. Finnish mining technology company Outotec saw its shares provisionally closed down 10.4 percent after its fourth-quarter earnings missed market expectations. More»