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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        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        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        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        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        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 English - 2015-08-25 16:11:49
European shares rose more than 4 percent Tuesday, on track for their best one-day gain since late 2011, with a rate cut from China providing added juice to a recovery from a bruising 48-hour sell-off. Battered mining and technology stocks were the big winners from China's move to support its stuttering economy and a plunging stock market that has sent shockwaves around the globe. China's woes have led to fears of fresh deflationary pressures around the world and the European Central Bank is ready to take additional measures in in the event of a material change in the inflation outlook, the bank's vice-president Vitor Constancio said. "The measures will certainly stabilise sentiment in the short term," said Philip Shaw, chief economist at Investec. "(But in the longer term) it's debatable whether the moves in monetary policy can stabilise equity markets." The pan-European FTSEurofirst 300 index, which slumped 5.4 percent on Monday, was up 4.1 percent at 1120 GMT, as was the blue-chip Euro STOXX 50 index. Miners Glencore and Anglo American were up by between 6 percent and 8 percent, while German chipmaker Infineon and telecoms equipment player Nokia rose 6.5 percent. Swiss agricultural chemicals company Syngenta was up more than 9 percent after a source said that Monsanto had sweetened a takeover offer. World financial markets have been rattled by the sharp sell-off in the Chinese stock market that followed the devaluation of the yuan this month. Chinese shares slumped again on Tuesday, while Japan's Nikkei fell nearly 4 percent. Some investors took heart from a rise in the German IFO business climate index for August and said that domestic demand across Europe was showing broadly positive signs. "There are solid reasons to be worried about the global growth outlook, given emerging markets and systemic fears in China," said Valentijn van Nieuwenhuijzen, head of multi-asset strategy at NN Investment Partners. "However, it is a risk - not yet a reality - that this will spread to the developed world. The IFO number this morning ... shows domestic demand is holding up quite well so far." More»
Amwal Al Ghad English - 2015-08-25 14:04:08
U.K. stocks climbed Tuesday, with gains for BHP Billiton PLC and RSA Insurance Group PLC helping the British blue-chip benchmark pare some of the steep losses it suffered during Monday’s selloff. The FTSE 100 UKX, +2.46% rose 3.3% to 6,092.98 after China’s central bank, during late-morning European trade, said it would cut its benchmark interest rates. It also said the reserve requirement ratio for banks is being lowered by 0.5 percentage point. The moves will go into effect Wednesday. “Simultaneous interest rate and RRR moves are unusual – a sign that policy makers want to deliver a strong message,” said Mark Williams, chief China economist at Capital Economics, in a note. A close higher for the FTSE 100 would be the index’s first in 11 sessions. The 10-session losing streak notched Monday was the longest since 2003. Stocks world-wide sank Monday, shaken by worries among investors about a slowdown in China, a major buyer of metals and the world’s second-largest oil consumer. Commodity producers make up one-fifth of the FTSE 100’s weighting. More»
Amwal Al Ghad English - 2015-08-25 13:33:18
Welcome to Turnaround Tuesday. A different sort of thrill-ride seems to be ahead for this market, after yesterday’s brief 1,000-point drop for the Dow industrials and a move into correction territory for the S&P 500 and Nasdaq Composite. There’s currently enough green out to help erase Monday’s nightmare and knock stocks out of this five-session losing streak. And just when everyone thought Beijing didn’t care, China’s central bank cut benchmark lending and deposit rates by 0.25 percentage point. Perhaps they were bothered by another 7.6% drop for the Shanghai Composite. Wariness doesn’t look like leaving this market any time soon, though. Among those who can’t shake the unease is blogger The Fly. “This feels different,” he writes. While previous market dramas were triggered by fixable, short-term things like Greece, and even Ebola, he fears China is a permanent problem that won’t go away. “If the China story is truly dead, I’m afraid today’s ‘drop’ will look like child’s play one year from today,” he says. More on that here. More»
Amwal Al Ghad English - 2015-08-25 09:27:58
Shares in London and elsewhere in Europe jumped in morning trading, despite another night of steep falls for the Chinese stock market. The FTSE 100 was up almost 2% at 6,003.72, while Germany's Dax and Paris Cac were both up more than 3%. The gains came after Chinese stocks continued their run of big losses. The main Shanghai Composite index closed down 7.6% at 2,964.97 points. Japan also saw more sharp falls and Tokyo's Nikkei index was 4% lower. On other European markets, Lisbon, Madrid and Milan were all up 3% by mid-morning and Moscow up by 2%. Follow our live coverage of global markets. More»
Amwal Al Ghad English - 2015-08-25 08:59:18
Investors rattled about China sent U.S. stock indices almost 4-percent lower on Monday in an unusually volatile session that confirmed the S&P 500 was formally in a correction, even after a dramatic rebound by Apple. The Dow Jones industrial average briefly slumped more than 1,000 points, its most dramatic intraday trading range ever. Monday's drop followed an 8.5 percent slump in Chinese markets, which sparked a selloff in global stocks along with oil and other commodities. Wall Street had stayed in s narrow range for much of 2015, but volatility jumped this month as investors became increasingly concerned about a potential stumble in China's economy and after Beijing surprisingly devalued its currency. Some investors unloaded stocks ahead of the close after looking to make money from volatile price swings earlier in the session. More»
Amwal Al Ghad English - 2015-08-25 08:49:33
Money has been pouring out of developing economies at a faster pace, and for longer, than during global financial crisis of 2008 and 2009, according to data from NN Investment Partners, a bank based in the Netherlands. About one trillion dollars has been withdrawn since July 2014, double the amount that fled during the nine months to March 2009, it said. The triggers? China isn't buying as many commodities as it once did, and the world is awash with oil -- hurting exporters. The chance that U.S. interest rates could rise this year is also sucking money out of riskier markets. The Russian economy is tanking, Brazil is on the ropes, and Kazakhstan was just forced to devalue its currency by nearly 25%. More than $52 billion fled Russia in the first half of 2015, on top of $150 billion last year, official data show. Brazil saw $48 billion flee in the first half. Economists say China too has suffered outflows, but the exact numbers are not known. Investors are now backpedaling fast after pouring around two trillion dollars into emerging markets between 2009 and 2014 in the search of better returns than the zero interest rates on offer in many developed economies. If the situation sounds familiar, that's because it is. Many emerging markets got burnt by a similar collapse just a few years ago. They saw a huge influx of capital in 2006 and 2007, followed by crushing outflows in 2008 and 2009. That rollercoaster ride left many governments in crisis, unable to take control. So, was nothing learned from the last crisis? Yes and no. Most governments in emerging markets have passed reforms that should partly shield them from catastrophe -- many have abandoned fixed exchange rates, and cut down on borrowing in foreign currencies. But while governments curbed their exposure to dollar debt, emerging market companies didn't. In fact, analysts at NN Investment point to "excessive credit growth since the Lehman crisis, particularly in China." This massive foreign borrowing was encouraged by central bank stimulus in the U.S., Europe and Japan that made money extremely cheap. But with the Fed now signaling its first rate increase in nearly a decade could come shortly, perhaps as soon as September, the situation is changing. And then there is oil. Emerging markets, such as Russia, Venezuela, and Brazil depend on oil exports. But prices have been tumbling since last summer, and dropped again Monday. The recent turmoil in China makes many question the strength of economic growth in the world's second largest economy. China has become an even more important player in the global economy since the last crisis, which means its troubles now have much wider implications. China's decision to devalue the yuan is fueling the flight. The devaluation prompted Chinese firms to dig into currency reserves to repay foreign debt, rather than risk the value of the loans rising if the yuan fell further. Capital outflows have pushed many emerging markets currencies down. The Turkish lira, Colombian peso, Brazilian real, India rupee, and Russian ruble are among the biggest losers, but many others have suffered too. Countries are being forced to raise interest rates or dig deep into reserves to try to defend them. More»
Amwal Al Ghad English - 2015-08-25 08:28:47
China stocks slumped more than 7 percent on Tuesday to their lowest level since December, with panic selling intensifying after the flagship Shanghai Composite Index .SSEC crashed through the key support level of 3,000 points. Investors stampeded out of shares after a grim "Black Monday" sparked mayhem in global financial markets but failed to prompt fresh rescue measures from Beijing. The blue-chip CSI300 index .CSI300 fell 7.1 percent to 3,042.93, while the Shanghai Composite Index .SSEC lost 7.6 percent to 2,964.97 points. All index futures contracts slumped by their 10 percent daily limit for the second day, reflecting extremely bearish sentiment and pointing to darker days ahead. More»
Amwal Al Ghad English - 2015-08-25 08:12:11
Tokyo's benchmark index dived nearly 4.0 percent to close at a fresh six-month low Tuesday, erasing a morning rebound as Hong Kong and Shanghai extended losses on worries over China's stalling growth. In wild trading, the Nikkei 225 at the Tokyo Stock exchange ended 733.98 points lower at 17,806.70 -- its sixth-straight losing session and the lowest finish since mid-February -- after briefly clawing back into positive territory by the midday break. The broader Topix index of all first-section shares also swung between positive and negative territory, ending down 3.26 percent, or 48.22 points, at 1,432.65. More»
Amwal Al Ghad English - 2015-08-25 07:42:00
Volatile global markets showed tentative signs of a respite from the recent blood-letting on Tuesday as bargain hunters helped Asian stocks off three-year lows, though share markets in China, epicenter of the rout, suffered another big sell-off. The MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 1.1 percent after an initial dip to three-year lows, paring about a quarter of Monday's losses. Japan's Nikkei .N225, which saw extremely volatile trading, ended 4 percent down. European shares are seen to open higher, with spread-betters expecting more than 2 percent gains in Germany's DAX .GDAXI and a rise of above 1 percent in Britain's FTSE .FTSE. More»
Amwal Al Ghad English - 2015-08-24 07:20:05
Asian stocks slumped to 3-year lows on Monday as a slide in Chinese equities gathered pace, hastening an exodus from riskier assets as fears of a China-led global economic slowdown churned through markets. A 2.9 percent fall in S&P 500 mini futures ESc1 to a 10-month trough during Asian trading hours suggested the falls could continue later in the global session. Against this gloomy backdrop, spreadbetters forecast a sharply lower open for Britain's FTSE .FTSE, Germany's DAX .GDAXI and France's CAC .FCHI indexes. Safe-haven government bonds and the yen rallied on the widespread unrest in financial markets, set in motion when China sharply devalued its yuan and stoked fears about the state of its economy. More»