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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        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 - 2016-08-15 07:20:28
Asian shares set up camp at one-year peaks on Monday as a rally in Chinese stocks helped offset news that Japan's economic growth had ground to a halt last quarter, while oil prices extended their latest rally. European bourses were seen starting slightly firmer, while the E-mini futures for the S&P 500 ESc1 ticked up 0.1 percent. China stood out in Asia as the blue-chip CSI300 Index .CSI300 jumped 3.3 percent to a seven-month high amid speculation more stimulus would be forthcoming from Beijing after a raft of weaker-than-expected July data. "In light of persistent headwinds from the external sector, weak business sentiment, and a cooling property market, we believe that policymakers need to accelerate policy easing and reforms," Jing Li, an economist at HSBC, wrote in a note. The need for further policy action in Japan was underlined by its subdued second-quarter economic reading, leaving the Nikkei .N225 down 0.3 percent. More»
Amwal Al Ghad English - 2016-08-13 07:44:49
European shares edged back after setting a fresh seven-week high on Friday, with weaker miners offsetting gains in companies such as A.P. Moller-Maersk , which rose sharply following its earnings update. Shares in Maersk ended up 3.1 percent, having risen as much as 6.9 percent in early deals, after the Danish shipping and oil giant stuck to its 2016 forecast despite a sharp fall in quarterly net profit. The second-quarter reporting season is entering into its final stages. So far, 88 percent companies in the STOXX 600 index have reported results, of which 61 percent have met or beaten earnings per share (EPS) forecasts. However, the second-quarter earnings are set to fall about 8 percent from last year. Dennis Jose, European equity strategist at Barclays, said that the EPS beat was on the back of a cut in consensus estimates heading into the reporting season. More»
Amwal Al Ghad English - 2016-08-13 07:16:23
Consumers are flocking to discount apparel retailers, but investors are faced with nothing close to a bargain as stocks in the sector rally. Few expect shares of off-price retailer TJX Companies' (TJX.N) or its peer, Ross Stores (ROST.O), to go on a fire sale next week when they report earnings, as the trends that have favored them over their higher-priced competitors are expected to persist. Just this year, TJX shares have gained nearly 17 percent and Ross Stores has added slightly more, compared with gains closer to 7 percent in both the S&P 500 retail index .SPXRT and the broader S&P 500 .SPX. "TJX and Ross have outperformed and will continue to outperform because they are good merchandisers. They get the selection right,” said Kim Forrest, senior equity research analyst Fort Pitt Capital Group in Pittsburgh. "I don’t own these and I regret it," she said, adding that she will wait for a stumble in the price to jump in. More»
Amwal Al Ghad English - 2016-08-13 07:08:49
Japan's Nikkei share average rose on Friday to log a robust weekly gain, as records levels hit on Wall Street and a weaker yen lifted sentiment. Markets in Japan were closed on Thursday for a public holiday, with some participants opting to take Friday off as well. The Nikkei ended up 1.1 percent at 16,919.92, gaining 4.1 percent for the week. It rose as high as 16,943.67 earlier, its highest since June 1. All three major U.S. stock indexes closed at record highs on Thursday for the first time since 1999, with the Dow Jones Industrial Average climbing 0.6 percent. A weaker yen also gave a tailwind to the market. The dollar rose 0.2 percent to 102.12, up 0.3 percent for the week. The broader Topix was up 0.6 percent at 1,323.22, gaining 3.4 for the week, while the JPX-Nikkei Index 400 rose 0.7 percent to 11,912.07, up 3.5 percent for the week. Shares of Sharp Corp surged 19.1 percent after Taiwan's Foxconn said China's anti-monopoly authorities have approved its acquisition of the Japanese electronics manufacturer. ($1 = 102.0300 yen) More»
Amwal Al Ghad English - 2016-08-11 09:19:21
There's less than six months left of 2016 but there's still time yet to establish the Shenzhen-Hong Kong Stock Connect, Hong Kong Exchanges and Clearing (HKEx) chief executive Charles Li tells CNBC. Calling the connect's launch "imminent," Li further told CNBC that he was upbeat about the link despite revenue from the existing Shanghai-Hong Kong Stock Connect program falling 38 percent on-year to 71 million Hong Kong dollars ($9.2 million) in the six months to June 30. Hong Kong's Securities and Futures Commission and the China Securities Regulatory Commission launched the Shanghai-Hong Kong Connect in 2014. The link, hailed as a major step in China's efforts to open up its capital market, allows foreign investors to place buy or sell orders for Shanghai's A-share market through brokers in Hong Kong. Chinese investors, meanwhile, are be able to use mainland brokers to invest in Hong Kong's H-share market. The Shenzhen-Hong Kong connect would open up mainland China's second-largest stock exchange in the same way. Li said the link was vital to bringing more tradeable products to a wider marketplace in the future. "Over time, we are hoping that we are able to bring more truly international products, international listings and international companies, or international risk management instruments, for Chinese investors to buy, because that's the last residual pool of capital in the world today that has yet globally deployed," Li said. China's securities regulator recently set up a special working group tasked with launching the Shenzhen-Hong Kong Stock Connect scheme, Chinese financial magazine Caixin reported on Thursday. This followed comments in March by Chinese premier Li Keqiang that the country would strive to launch the Shenzhen-Hong Kong stock connect this year. In its half-yearly report, released on Wednesday, the HKEx reported a 27 percent on-year decline in net profit to 3 billion Hong Kong dollars, and said that average daily turnover almost halved in the period to HK$67.5 billion. In a presentation to investors, the bourse attributed its weaker performance to bearish investor sentiment and subdued cash market trading activity globally. "This year is going to be overall challenging almost for everybody," Li told CNBC. More»
Amwal Al Ghad English - 2016-08-11 08:56:54
U.K. stocks tumbled on Thursday, as a pullback in commodity and housing shares put the blue-chip benchmark on track for its first loss in six sessions. The FTSE 100 fell 0.6% to 6,822.53. The index on Wednesday finished up 0.2% at 6,866.42, scoring its highest close since early June 2015, FactSet data showed. Housing shares were down after the Royal Institution of Chartered Surveyors said Thursday that housing prices in the U.K. in July grew at their slowest pace in three years. Prices in London are expected to decline in the next year, the survey showed. Shares of home builders Berkeley Group Holdings PLC  and Persimmon PLC fell 3%. Counterpart Taylor Wimpey PLC gave up 3.1%, while Barratt Developments PLC gave up 2.7%. The trend of softening housing prices “looks set to continue as the U.K. struggles with the fallout,” over the U.K.’s vote to leave the European Union, wrote Ana Thacker, market economist at PhillipCapital UK, in a note. “A weaker currency is likely to fuel demand from abroad, but the domestic market looks set to suffer, which will permeate other crucial areas of the economy,” she added. More»
Amwal Al Ghad English - 2016-08-11 08:13:05
Asian shares fell on Thursday, reversing recent gains following losses on Wall Street, though regional currencies rose after Beijing let the Chinese yuan strengthen to mark the one-year anniversary of a landmark devaluation. Broad risk sentiment remains on the back foot as oil prices tumbled on news of a surprising jump in U.S. government stockpiles and as Singapore, the region's bellwether for trade, cut its economic forecast for the year. "I still think the investors are trying to hang in there for the rally and while the general opinion seems to be that the Chinese authorities have steadied the ship, it is still a bit too early to draw that conclusion," said Cliff Tan, Bank of Tokyo-Mitsubishi UFJ's east Asia head of global markets research. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.5 percent. It hit a one-year high on Wednesday and has broadly outperformed the MSCI world index .MIWO00000PUS since end-June. Hong Kong .HSI and Indonesia .JKSE led regional gainers in trade. Japan's markets .N225 are closed for a holiday. Singapore cut its economic growth forecast on concerns over Brexit and weakening global demand with official forecasts downgraded to an expansion of 1-2 percent this year from a previous forecast of 1-3 percent growth. More»
Amwal Al Ghad English - 2016-08-10 09:33:53
Stocks in the U.K. dropped on Wednesday, taking a breather after hitting their best level this year, with investors waiting for cues in lackluster trading. The FTSE 100 shed 0.3% at 6,830.52, with all sectors moving lower. The index on Tuesday rose 0.6% at 6,851.30, its best close since June 2015, to mark a fourth straight win, according to FactSet data. Smith & Nephew PLC shares were at the bottom of the benchmark, losing 1.8% after the medical equipment maker’s rating was downgraded to equal weight from overweight at Barclays. But shares of broadcaster ITV PLC were higher by 0.3% after Entertainment One Ltd., the Canadian film and television producer behind the Peppa Pig cartoon franchise, rejected ITV’s $1.3 billion buyout offer. For the market overall, an “empty economic calendar leaves [the FTSE] lacking any real direction, meaning the index has once again become susceptible to the movements in the oil sector,” said Connor Campbell, financial analyst at Spreadex, in a note. Energy sector: Oil major Royal Dutch Shell PLC fell 0.9%, and BP PLC was off 0.5% as oil prices traded mixed. On Tuesday, they pulled back from a two-week high, as investors weighed concerns about a global supply glut against the prospects for an industry agreement to curb output. “[O]ne of the main pieces of data this Wednesday is the latest crude oil inventories figure from the U.S., meaning there could still be some more movement in the sector before the day is over,” said Connor. The Energy Information Agency will release its weekly supply data later Wednesday. The American Petroleum Institute late Tuesday said there was a 2-million-barrel increase in crude supplies. Movers: On the FTSE 250 midcap index, G4S PLC rallied 14% after the security services provider projected demand for its services will grow by 4% or 6% a year over the medium term. Meanwhile, William Hill PLC fell 1.1%. The bookmaker rejected a proposal valued at around £3.16 billion ($4.18 billion) from Rank Group PLC and 888 Holdings PLC for a potential combination of the three companies. Sterling: The pound was buying $1.3044, up from $1.2978 late Tuesday in New York. Sterling fell below $1.30 on Tuesday, as Bank of England policy maker Ian McCafferty, in an op-ed for the Times of London newspaper, said the benchmark rate “can be cut further, closer to zero, and quantitative easing can be stepped up.” More»
Amwal Al Ghad English - 2016-08-10 09:25:34
European stocks edged lower on Wednesday as global investors tread cautiously, considering the timing of the next interest rate hike by the U.S. Federal Reserve as well as the outlook for oil prices. The pan-European STOXX 600 was down 0.31 percent. More»
Amwal Al Ghad English - 2016-08-10 08:30:06
Asian shares hit a one-year high on Wednesday while the dollar and Treasury yields slid on weak U.S. productivity data, while sterling inched up from a one-month low. The Asian stocks rally is, however, unlikely to extend to Europe, with financial spreadbetter CMC Markets forecasting Germany's Dax .GDAXI will open down 0.1 percent, Britain's FTSE 100 .FTSE will fall 0.2 percent and France's CAC 40 .FCHI will start the day 0.4 percent lower. MSCI's broadest index of Asia-Pacific shares excluding Japan .MIAPJ0000PUS rose 0.3 percent to the highest level since August 2015. Japan's Nikkei .N225 closed 0.2 percent lower, pulled down by a stronger yen. Taiwanese shares .TWII ended the day up 0.5 percent and at their highest level in 13 months. South Korean stocks advanced 0.15 percent to a nine-month high. Hong Kong's Hang Seng index .HSI reversed earlier gains to trade down 0.1 percent, after earlier hitting its highest level since November. More»