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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        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        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 - World

Amwal Al Ghad English - 2014-01-21 16:02:30
Asian equity markets declined in tepid trade on Tuesday as investors digested a raft of Chinese economic reports and ignored a record close on Wall Street. Data released on Tuesday showed Chinese November retail sales beat estimates while industrial output matched market expectations. The data follows stronger-than-expected trade figures released at the weekend and confirmed hopes that the world's second-largest economy can sustain its positive trend into year-end.   Name Price   Change %Change NIKKEI Nikkei 225 Index 15795.96   154.28 0.99% HSI Hang Seng Index 23033.12   104.17 0.45% ASX 200 S&P/ASX 200 5331.46   36.42 0.69% SHANGHAI Shanghai Composite Index 2008.31   17.06 0.86% KOSPI KOSPI Index 1963.89   10.11 0.52% CNBC 100 CNBC 100 ASIA IDX 7180.90   -3.49 -0.05% Fed speeches in focus On Monday, the S&P 500index hit a record high following a slew of speeches by Federal Reserve officials. St. Louis President James Bullard said positive labor market trends make cuts to bond purchases more likely, while Dallas President Richard Fisher said that rising long-term U.S. Treasury yields suggest that investors are expecting a reduction in stimulus. The speeches came before officials go into their "blackout" period before the two-day Fed policy meeting that starts next Tuesday. Nikkei 0.2% lower Japanese stocks took a breather after closing at a one-week high in the previous session. The pullback came even as dollar-yen climbed back above the 103 handle, trading near last week's six-month peak of 103.38. A weak business outlook may be weighing on sentiment after a government survey showed sentiment among large manufacturers worsened in the October-December period. Exporters with large exposure to Europe are in focus after the euro scaled a five-year peak against the yen. Sony fell 2 percent while Panasonic and Honda Motor fell 1 percent each. Shanghai flat China's benchmark Shanghai Composite traded in a narrow 19-point range as the government's annual Central Economic Work Conference kicked off on Tuesday. Sentiment was dampened on news that People's Bank of China will be skipping Tuesday's open market operations. Meanwhile, the yuan hit a fresh record high against the dollar for a second consecutive session at 6.0703. Shipbuilders were mixed on news that Beijing will extend aid to ailing shipbuilders with a fresh batch of "special funds" for acquiring new vessels. China Shipping Development rose nearly 1 percent while China Shipping Haisheng fell 1 percent. Sydney flat Australia's S&P ASX 200revered early gains to close at a new three-month low for a second straight session. Storage firm Brambles lost 4.5 percent as its storage division Recall Holdings made its debut on the stock exchange at A$4.35. QBE slumped over 9 percent, extending the previous day's 22 percent fall, after several brokerages downgraded the stock following the insurer's profit warning. Westpac, National Australia Bank and Australia New Zealand Banking pared gains following a 1 percent rally earlier in the session. Kospi slips 0.3% South Korean shares retreated after enjoying a 1 percent rally in the previous session as investors booked profits on large-cap stocks. Kia Motors fell 1.2 percent while Samsung Electronics eased 1 percent after rallying 2 percent on Monday. Emerging markets mixed Malaysia's benchmark index hit a fresh record peak at 1,846 points before closing at 1,843.85 with a 0.1 percent rise, while Indian stocks provisionally closed down 0.36 percent after hitting an all-time high on Monday. More»
Amwal Al Ghad English - 2014-01-21 15:56:04
European equities closed lower on Monday after data showed that growth in China was continuing to slow, and a surprise profit warning from Deutsche Bank worried investors. The pan-European FTSEurofirst 300 provisionally closed lower by 0.1 percent at 1,343.47 points, with banks down around 1.2 percent after Deutsche Bank's profit warning. Shares of the bank closed lower by roughly 5.5 percent after it reported a pre-tax loss of 1.153 billion euros ($1.56 billion) for the fourth quarter of 2013, due to heavy litigation costs, restructuring and balance sheet reduction. "2014 will be very difficult and will be very similar to 2013 [for the bank]," Dirk Becker, deputy head of German research at broker Kepler Cheuvreux, told CNBC on Monday. He added: "They [Deutsche Bank] always said there would be more litigation and restructuring costs...All these burdens had been broadly expected by the market and it's probably better to put them in the 2013 results." Equities also responded to the latest data from the world's second-largest economy, China. The Chinese economy grew 7.7 percent in the final three months of 2013, above expectations for a 7.6 percent gain, but down from the previous quarter's 7.8 percent reading. Thus, China's gross domestic product (GDP) growth fell to its slowest pace in 14 years. "For markets, the slowdown is somewhat expected, as China transitions itself from an economy driven by consumer spending and services rather than one reliant on debt-fueled investments and exports," wrote Ishaq Siddiqi, a market strategist at ETX Capital. "Markets are expecting GDP for the country to come in between 7.2 percent to 7.4 percent for 2014, but are hopeful that economic reforms put in place by the current leadership will bear fruit by 2015 and beyond." In Asia, the Shanghai Composite dropped below the 2,000 mark for the first time in six months on Monday. In Japan, shares of Nintendo fell 10 percent after it warned on Friday that it could post its third consecutive annual loss. Meanwhile in the U.K., the Serious Fraud Office has received additional funding to continue its probe of alleged bribery and corruption by Rolls-Royce in China and Indonesia, sources told the Financial Times on Monday.   Name Price   Change %Change Volume FTSE FTSE 100 Index 6830.49   -6.24 -0.09% 390832355 DAX DAX Index 9722.78   6.88 0.07% 55581194 CAC 40 CAC 40 Index 4324.09   1.23 0.03% 81064295 IBEX 35 IBEX 35 Idx 10369.00   -85.10 -0.81% 149083435 Peugeot Citroen shares closed down roughly 11 percent on the back of annual sales, which were down 4.9 percent, and reports on its 3 billion euros capital increase. Peugeot's global deliveries fell to 2.82 million vehicles last year from 2.97 million in 2012. Mothercare shares provisionally closed higher 6.25 percent after the Sunday Times reported that Tesco was considering a bid for the mother and baby products retailer. U.S. markets were closed due to Martin Luther King Day. More»
Amwal Al Ghad English - 2014-01-20 09:05:55
European stock-index futures declined after a two-week rally helped the Stoxx Europe 600 Index surge to a six-year high. U.S. equity-index futures were little changed, while Asian shares dropped. Deutsche Bank AG may be active after Germany’s largest lender reported a surprise fourth-quarter loss. Anheuser-Busch InBev NV may move after agreeing to pay $5.8 billion to buy back South Korea’s Oriental Brewery Co. Ltd. U.K. homebuilders from Persimmon Plc to Taylor Wimpey Plc may be active after a report said London house-price growth slowed in January. Futures on the Euro Stoxx 50 Index (SX5E) expiring in March retreated 0.3 percent to 3,142 at 7:08 a.m. in London. Contracts on the U.K.’s FTSE 100 Index and the Standard & Poor’s 500 Index slid 0.1 percent. The MSCI Asia Pacific Index fell 0.3 percent. The Stoxx 600 increased 1.8 percent last week, extending its gain since the start of the year to 2.3 percent, following a 17 percent rally last year. The equity gauge rose to 335.82, the highest level since Jan. 15, 2008, as mining companies advanced and the World Bank raised its global-growth forecasts. Stocks in Asia fell, snapping three days of gains, after China reported slowing economic growth in the fourth quarter. Gross domestic product in the world’s second-biggest economy grew 7.7 percent from a year earlier, slowing from 7.8 percent a year ago. That still exceeded economists’ estimate for a 7.6 percent expansion. U.S. markets will be closed today for a holiday commemorating the birthday of civil rights leader Martin Luther King, Jr. Surprise Loss Deutsche Bank may move. The lender posted a pretax loss of 1.15 billion euros ($1.56 billion) in the fourth quarter because of 528 million euros in litigation-related expenses, as well as costs tied to its reorganization and charges to adjust credit, debt and funding valuations. The average estimate in a Bloomberg survey had called for a 628.5 million-euro pretax profit. AB InBev may move. The world’s biggest beer maker agreed to buy back Oriental Brewery from KKR & Co. and Affinity Equity Partners Ltd. The deal has an enterprise value of $5.8 billion, according to a statement. AB InBev will pay for the acquisition from internal resources. U.K. homebuilders from Persimmon to Taylor Wimpey may be active. Data today from Rightmove Plc, the operator of Britain’s biggest property website, showed asking prices in London increased 0.2 percent to 514,704 pounds ($850,000), after growing 10.6 percent last year. Last year’s increase was the fastest since 2006. More»
Amwal Al Ghad English - 2014-01-20 09:05:49
China’s stocks fell, dragging the Shanghai Composite Index below 2,000 for the first time in almost six months, as factory output and business spending slowed while concern grew that share sales will divert funds. China Shenhua Energy Co., the nation’s largest coal producer, slid 1 percent to a record low as Beijing and Shanghai stepped up measures to curb pollution. Anhui Conch Cement Co., the biggest cement producer, tumbled more than 3 percent in Hong Kong and Shanghai. Neway Valve (Suzhou) Co., which surged 43 percent last week in its market debut after an initial public offering, plunged 10 percent. Leshi Internet Information & Technology (Beijing) Co. retreated 4.2 percent. The Shanghai Composite slumped 0.7 percent to 1,991.25 at the close, sliding below 2,000 for the first time since July 31. The ChiNext Index lost 1.6 percent before eight companies start trading in Shenzhen tomorrow, including five on the small-companies gauge. Industrial output and fixed-asset investment trailed analyst projections, official data showed. “With the new IPOs and concerns about company earnings, there is room for further declines and we could see it hit 1,800 next,” said Xu Shengjun, analyst at Jianghai Securities Co. “It’s not going to rebound anytime soon.” The Hang Seng China Enterprises Index (HSCEI) fell 1.4 percent. The H-shares and Shanghai stock gauges are among the three-worst performing global indexes among 94 tracked by Bloomberg. The CSI 300 Index dropped 0.6 percent to 2,165.99. The Bloomberg China-US Equity Index lost 0.5 percent in New Yorkon Jan. 17. IPO Outlook The Shanghai Composite posted a 0.4 percent decline last week, extending this year’s loss to 5.9 percent, amid concern slowing economic growth will curb profits and higher money-market rates will stifle lending. The measure trades at 7.5 times 12-month projected earnings, the lowest level since Bloomberg began compiling weekly datain 2005. Trading volumes were 29 percent lower than the 30-day average today. The Shanghai index rose above 2,000 in February 2009 after a 4 trillion yuan ($661 billion) economic stimulus plan fueled a bull-market rally. It held above that level until September 2012, when concerns about share oversupply sparked a sell-off. The securities regulator halted IPOs the next month, a postponement that lasted until November 2013. “For the time being, I don’t see any signs the index will gain strongly amid the new IPOs,” said Zeng Xianzhao, an analyst at Everbright Securities Co. Neway, an industrial valve maker that was the first IPO in more than 15 months, slumped 2.53 yuan to 22.81 yuan. It was among 52 companies approved by the securities regulator to sell shares after the end of the IPO freeze. The eight companies scheduled to trade tomorrow in Shenzhen include Zhejiang Wolwo Bio-Pharmaceutical Co., Chengdu Tianbao Heavy Industry Co. and Shanghai Liangxin Electrical Co. GDP Growth Leshi Internet, the biggest company in the ChiNext in terms of market value, plunged 2.20 yuan to 49.01 yuan. The stock jumped 313 percent last year. Anhui Conch dragged down material producers, sliding 3.3 percent in Shanghai and 2.6 percent in Hong Kong. Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co., China’s biggest producer, retreated 2.5 percent, extending losses this year to 6.6 percent. China’s economy grew 1.8 percent from the previous quarter, compared with a 2 percent median estimate of economists and 2.2 percent in the July-September period. GDP expanded 7.7 percent in 2013, the statistics bureau said, the same pace as in 2012. The economy is forecast to expand 7.4 percent this year, according to an analyst survey last month, the slowest pace since 1990. Money Rates Industrial production rose 9.7 percent in December from a year earlier. That compared with the 9.8 percent median forecast of analysts and a 10 percent gain in November. Fixed-asset investment excluding rural households increased 19.6 percent in the January-to-December period from a year earlier. That compared with the 19.8 percent median estimate in a Bloomberg survey and a 20.6 percent pace in 2012. “Growth momentum is clearly weakening,” said Dariusz Kowalczyk, senior economist and strategist at Credit Agricole CIB in Hong Kong. “The slowdown became increasingly clear as the quarter progressed.” The benchmark seven-day repurchase rate jumped 137 basis points to 6.54 percent, the highest intraday since Dec. 24, as demand for cash spiked before the Chinese New Year holidays and as banks parked corporate tax-payment funds with the central bank. The nation’s financial markets are closed from Jan. 31 through to Feb. 6 for the New Year holidays. China Shenhua Energy lost 1 percent to 14.09 yuan, the lowest level since 2007. Coal miner Guanghui Energy Co. slumped 1.6 percent to 6.90 yuan. In Beijing, companies, construction sites, street vendors and vehicle owners who exceed stipulated emission limits will face fines and other penalties, according to a draft plan released by the city government on Jan. 18. Shanghai will phase out 500 polluting, hazardous and energy-intensive facilities, the city’s Mayor Yang Xiong said yesterday. More»
Amwal Al Ghad English - 2014-01-18 08:59:33
The Standard & Poor’s 500 Index fell for the week, after touching an all-time high, as weaker-than-estimated earnings at companies from Citigroup Inc. to CSX Corp. offset an improving outlook for the global economy. Citigroup and CSX dropped at least 4.4 percent as quarterly results missed analysts’ estimates. Best Buy Co. sank 35 percent after price cuts failed to draw as many holiday shoppers as expected. American Express Co. rallied 2.7 percent as fourth-quarter profit doubled. Beam (BEAM) Inc. jumped 24 percent after Suntory Holdings Ltd. said it will acquire the spirits maker in a $16 billion deal. The S&P 500 (SPX) declined 0.2 percent to 1,838.70 for the five-day period. The Dow Jones Industrial Average gained 21.51 points, or 0.1 percent, to 16,458.56 for the week. “A period of consolidation is in order,” Terry Sandven, chief equity strategist at U.S. Bank Wealth Management, said in a phone interview from Minneapolis. He helps oversee $112 billion. “We’re in a sideways trending market. Earnings are front and center and to that end I think it’s still too early to have a good read on fourth-quarter results.” More»
Amwal Al Ghad English - 2014-01-16 07:46:13
The dollar rose to a one-week high against the yen on Thursday, as robust U.S. data and upbeat earnings from Bank of America helped offset concerns of a U.S. slowdown following December's disappointing payroll numbers. European shares were expected to open firmer, ahead of the euro zone inflation data, according to financial bookmakers, after scaling 5-1/2 year highs on Wednesday. Australian shares .AXJO led the charge higher in Asia, with a gain of 1.2 percent, while MSCI Asia-Pacific ex-Japan Index .MIAPJ0000PUS added 0.1 percent. "Firm data are pointing to improvement in the U.S. economy, assuring that its strength will guide emerging markets higher," said Ko Seung-hee, a market analyst at SK Securities. U.S. producer prices posted their biggest gain in six months in December as the cost of gasoline rebounded strongly, but inflation pressure remained generally benign. Separately, the Federal Reserve Bank of New York said the Empire State gauge of manufacturing in New York state jumped to its highest level in 20 months in January as new orders soared. More»
Amwal Al Ghad English - 2014-01-15 07:50:07
Asian share markets were mostly higher on Wednesday as the World Bank upgraded its outlook for the global economy while the dollar extended gains in the wake of surprising strength in U.S. consumer spending. European stocks were expected to start with a spring in their step, according to financial bookmakers. Britain's FTSE 100 .FTSE, Germany's DAX .GDAXI and France's CAC 40 .FCHI were seen opening up around 0.3 percent. A pullback in the yen was welcomed by the Japanese market, with the Nikkei .N225 bouncing 2.2 percent after suffering its sharpest daily drop in five months on Tuesday. Progress elsewhere was patchy with investors suffering whiplash after several days of wild swings. Singapore .FTSTI added 0.6 percent as did Taiwan .TWII, but MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS eked out just 0.1 percent. More»
Amwal Al Ghad English - 2014-01-14 12:21:59
Global shares slipped on Tuesday as a batch of weak earnings pre-announcements in the United States sparked concerns that the upcoming reporting season may disappoint, leaving some indexes looking expensive after a bumper 2013. The dollar steadied against a basket of six major currencies .DXY bouncing from its lowest since January 2 after a drop fuelled by much weaker-than-expected jobs number on Friday. Almost 10 of every 11 earnings pre-announcements for the current earnings season from companies in the U.S. S&P 500 .SPX index have lowered estimates, Thomson Reuters data showed. Various U.S. companies that posted weak earnings or forecasts on Monday, including sportswear retailer Lululemon Athletica (LULU.O), saw their stocks hit hard, leaving the S&P 500 nursing its worst one-day fall since November. More»
Amwal Al Ghad English - 2014-01-14 08:09:34
Asian shares came under pressure on Tuesday, with Japanese stocks tumbling more than 3 percent as the yen hit a four-week high against the dollar after last week's surprisingly weak jobs report raised concerns about the U.S. growth outlook. European stocks were expected to wake up on the grumpy side, with Britain's FTSE 100 .FTSE, Germany's DAX .GDAXI and France's CAC 40 .FCHI seen opening down as much as 0.7 percent, according to financial bookmakers. Tokyo's Nikkei .N225 sagged 3.1 percent in relatively active trade, hitting a one-month low and posting its biggest one-day decline in five months as investors there were drawn into the fallout from the nonfarm payroll report following Monday's public holiday in Japan. The Nikkei, like Wall Street, has got off to a slow start to the year after a stellar 2013, with a 57 percent jump. Australian shares lost 1.5 percent on Tuesday as the S&P/ASX 200 index suffered its biggest one day decline in 3-1/2 months following Wall Street's fall overnight, with investors cautious ahead of corporate results and iron ore prices near record lows. More»
Amwal Al Ghad English - 2014-01-13 09:40:25
World stocks rose towards a six-year high on Monday and the dollar and bond yields slipped as last week's weak U.S. jobs data strengthened the case for the Federal Reserve to keep interest rates low for longer. Emerging markets were one of the biggest beneficiaries, having previously been under pressure as investors took funds away from those economies most reliant on external funding back into the recovering developed world. Friday's data showed the U.S. economy had its weakest monthly job growth in three years in December. This triggered a slide in U.S. Treasuries, where benchmark yields posted their biggest one-day drop since October. The report did not change expectations that the Fed would wind down its bond-buying program by year-end, but interest rate futures markets pushed back the timing of the first rate hike towards late-2015 from mid-2015. "The market is taking its leads from U.S. Treasury markets, which are generally weighing on the dollar across the board," said Adam Cole, global head of FX strategy at RBC Capital Markets. More»