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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        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        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        Misr Chemical Industries   5.65        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        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 - 2016-08-03 09:26:00
European stocks traded slightly lower Wednesday but banking stocks backed by results from HSBC and Societe Generale, rallied as investors digest some more earnings and a fall in the oil price. The pan-European STOXX 600 was down 0.28 percent. Banks in focus The banks were once again in focus for investors after getting hammered Tuesday. HSBC, one of Britain's largest lenders, reported $3.61 million in profit before tax for the second quarter on Wednesday, a sharp decline from the previous quarter's $6.11 billion figure. HSBC, however, announced a $2.5 billion share buyback plan, which sent shares sharply higher. Meanwhile, French bank Societe Generale beat expectations in the second quarter, sending shares into positive territory. SocGen Chief Executive Frederic Oudea told CNBC he was comfortable with current capital levels despite the lender's performance in recent European banking stress tests. And Credit Agricole said its second-quarter net income was up nearly 26 percent, adding that it had completed an overhaul of the group's structure, a moved cheered by investors. Dutch bank ING Group was up over 4 percent after it reported second-quarter underlying net result up nearly 27 percent year-on-year. The health of the Italian banks has been of concern to investors, despite the country's Prime Minister Matteo Renzi telling CNBC that "Italian banks are good". Shares of Banca Monte dei Paschi di Siena (BMPS), one of Italy's most troubled lenders, rallied after Il Sole 24 Ore reported that six more banks were set to join the eight that are already part of a consortium underwriting a 5 billion euro cash call by BMPS. Earnings to watch The insurance names are also in focus after AXA, Europe's second-biggest insurer, reported a 4 percent rise in first-half net profit that fell short of analyst expectations. Shares in the French firm were lower. Elsewhere, British retailer Next said full price sales in the second quarter were 0.3 percent higher year-on-year, but warned sales in 2016 could fall by 2.5 percent. Still, this was improved guidance from the clothing store, which helped its shares rally on Wednesday. Miner Rio Tinto reported a 47 percent year-on-year plunge in underlying earnings in the first half of the year, warning that the "global macro-economic environment that is still fragile". Shares were slightly lower. Shares of German tiremaker Continental were down neatly 4 percent despite raising its 2016 earnings forecast after posting a 13 percent rise in half year net profit. Deutsche Post was near the top of the STOXX 600 after it sold its long-distance bus unit to Flixbus, and posted a 40 percent rise in group earnings before interest and tax in the second quarter. On the other end of the STOXX 600, Aggreko tanked over 11 percent after the temporary power equipment maker reported a sharp fall in first-half pre-tax profit. And shares of price comparison website Moneysupermarket fell sharply despite a rise in first-half profit, after the chief executive Peter Plumb said he was stepping down. Central bank toolbox 'emptier' Europe's markets followed the trend set in Asia, where markets lost ground, with the Nikkei selling off on the back of another yen spike amid ambivalence towards the country's stimulus plan. Japan approved a $274 billion package of fiscal stimulus measures on Tuesday, leaving many market participants disappointed. It also comes after the Reserve Bank of Australia cut interest rates. "Investors are slowly realizing that with every spin of the central bank policy chamber the magazine is getting emptier, and in the absence of any will or ability of politicians to step up, central bank policy will continue to move into the realms of the more experimental with every passing day," Michael Hewson, chief market analyst at CMC Markets, wrote in a note on Wednesday. Meanwhile in the U.S., stocks closed lower on Tuesday as U.S. oil settled below $40 for the first time since April amid oversupply concerns and as the Dow closed lower for the seventh straight day. Oil markets remain in focus, although prices edged up early on Wednesday, supported by a weaker dollar. U.S. crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets. More»
Amwal Al Ghad English - 2016-08-03 09:15:53
U.K. stocks showed little change early Wednesday, as big gains by banking giant HSBC Holdings PLC and retailer Next PLC failed to spark a broader inch higher. The FTSE 100 UKX, -0.02% inched down 0.1% to 6,636.59 as a small early gain faded. The benchmark is basically trading water after closing lower for two sessions in a row. Shares in HSBC HSBA, +3.20% climbed 3.8% after the bank said it will spend up to $2.5 billion in this year’s second half to buy back shares, though it also reported that second-quarter net profit plunged 40% to $2.6 billion. HSBC’s surprise stock buyback, using proceeds from the sale of its Brazilian business, looks like an attempt to “paper over the cracks” of a slowed-down strategy and delay in reaching its 10% return on equity target, Shore Capital analyst Gary Greenwood told Dow Jones Newswires. Bank shares overall were stabilizing somewhat after the prior day’s drubbing, which came as regulatory and stress-test concerns weighed on the U.K. bank sector. Shares in Royal Bank of Scotland Group PLC RBS, +1.51% were up 0.1%. Shares in Next NXT, +3.80% gained 4.6% after it posted an improvement in sales in the second quarter. But the British clothing retailer warned that the pound’s fall in after the U.K.’s Brexit vote will likely result in higher costs next year. Among the decliners, Intercontinental Hotels Group PLC’s stock IHG, -0.61% dropped 1%. The hotel chain operator reported lower profit in its earnings report Tuesday. “The market continues to digest yesterday’s numbers — and brokers refuse to budge on their outlook for the business, despite the rather more robust claims of management,” said Tony Cross, a Trustnet Direct market analyst, in a note. Waiting for BOE: The pound GBPUSD, -0.0674% wasn’t moving much against the dollar, changing hands at $1.3319. Investors are waiting for a Bank of England rate decision due Thursday. “Sterling is holding up well ahead of tomorrow’s BOE announcement,” said Tobias Davis, head of corporate treasury sales at Western Union International Bank, in a note. He highlighted “building expectations that the U.K.’s central bankers “may be a little more creative than usual.” On Wednesday, a July reading on the U.K.’s service sector is due at 9:30 a.m. London time, or 4:30 a.m. Eastern Time. More»
Amwal Al Ghad English - 2016-08-03 08:32:43
China stocks edged up on Wednesday, aided by a second day of gains for property shares and growing expectations of state-owned enterprise (SOE) reforms. But the trading volume in Shanghai shrank to a two-month low amid signs that investors are turning their focus to gold and bonds. China’s blue-chip CSI300 index .CSI300 rose 0.1 percent, to 3,193.51, while the Shanghai Composite Index .SSEC gained 0.2 percent to 2,978.46 points. Lingering concerns over China's economy continued to haunt investors. A private survey showed on Wednesday that growth in the services sector cooled in July, with weaker expansions in activity prompting companies to shed staff for the first time in four months. Although regulators are hoping to guide capital into the real economy with tighter rules, analysts say liquidity is actually flowing into perceived safe-haven assets such as bonds and gold. Bond yields have been trending lower and Huaan Gold ETF (518880.SS), China's biggest gold exchange-traded fund, jumped 35 percent in size over the past month. Sentiment on Wednesday was underpinned by further strength in property shares .CSI300REI, which rose 1.1 percent after reports earlier this week showed home prices still rising rapidly in most of China's larger cities. Investors also bet on SOE reforms, pushing up the Shanghai SOEs Index .CSI950096 over 1 percent to a record high. More»
Amwal Al Ghad English - 2016-08-03 07:42:55
The Nikkei share average fell to a three-week low on Wednesday on the yen's gains, while financial shares were among the worst hit, following recent volatilities in Japanese bonds. The Nikkei shed 1.9 percent to 16,083.11, posting its biggest pct fall since June 24 and hitting its lowest close in more than three weeks. The broader Topix fell 2.2 percent to 1,271.98. Brokerage shares dropped 4.8 percent while real estate companies stocks dived 4.2 percent. Bank shares slid 4 percent. More»
Amwal Al Ghad English - 2016-08-02 16:18:00
European markets closed deep into negative territory Tuesday, as concerns over the health of the region's lenders continued to weigh on sentiment. The pan-European STOXX 600 ended 1.29 percent down provisionally, with all sectors posting solid losses. The U.K.'s FTSE 100 ended 0.73 percent down, with losses capped as sterling climbed 1 percent against the U.S. dollar at Europe's close. Meanwhile, the French CAC 40 and German DAX fell further, off around 1.8 percent each. In peripheral markets, the main bourses in Spain, Italy and Greece all under-performed, off more than 2.5 percent each. More»
Amwal Al Ghad English - 2016-08-02 10:01:53
European stocks fell to two-week lows on Tuesday, dragged down by banks, while the yen rose against the dollar and government bonds sold off after Japan's cabinet approved a fiscal stimulus package to revive the flagging economy. Oil fell again, with U.S. crude dipping below $40 a barrel as a supply glut weighed on prices. The pan-European STOXX 600 index fell 1.4 percent, hurt by a 3 percent fall to three-week lows in banks. They extended Monday's losses after Europe-wide stress tests on 51 European lenders cast doubts on the health of the sector. Credit Suisse fell 5.6 percent and Deutsche Bank 3.2 percent after index provider STOXX said the two banks would be dropped from Europe's STOXX Europe 50 index from next Monday. Germany's Commerzbank shares reached a record low, down more than 8 percent after it warned its earnings would fall this year because of customer caution and negative official interest rates. Italy's Monte dei Paschi fell 6 percent and UniCredit 4 percent. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent, after the S&P 500 ended Monday 0.1 percent lower, despite reaching an intraday record high. Australian shares fell 0.8 percent after the Reserve Bank of Australia cut its main interest rate by 25 basis points to a record low of 1.50 percent, as expected. Hong Kong trading was suspended as Typhoon Nida shut down most of the financial hub. Sliding oil prices and the stronger yen pushed Tokyo's Nikkei index down 1.5 percent. The yen rose to its strongest in three weeks at 101.60 per dollar after Japanese Prime Minister Shinzo Abe's cabinet approved on Tuesday 13.5 trillion yen ($132.04 billion) in fiscal steps as part of efforts to revive Japan's economy. Last week, the Bank of Japan announced further easing steps, which disappointed investors who had hoped for more. "There's quite a lot of scepticism in the market as to whether this fiscal package can change anything. Japan has already tried this a number of times and everyone knows it's not really as big as the headline figure suggests," said Alvin Tan, a strategist at Societe Generale. "What was exciting over the past month was the potential for monetary policy to act in coordination with the fiscal measures and we were definitely disappointed on that front last week. Coordination still seems a good way off." Japanese government bonds suffered their worst sell-off in more than three years on fears the BOJ would slow its bond-buying. That had a knock-on effect in the euro zone, where government bond yields rose across the board. German 10-year yields, the benchmark for borrowing costs in the bloc, rose 2.2 basis points to minus 0.13 percent. The dollar held near three-year lows after soft U.S. economic data on Monday undermined the case for an early rate increase by the Federal Reserve. The dollar index against a basket of six major currencies fell 0.3 percent. It recorded its biggest decline in three months last week and has since struggled to recover. The Australian dollar fell as low as $0.75 after the RBA decision, then recovered to trade up 0.3 percent at $0.7560. Australian shares were 0.6 percent lower. U.S. crude oil futures slipped back below $40 a barrel. They fell to their lowest level since April on Monday on worries that a global oil glut is undercutting prices. More»
Amwal Al Ghad English - 2016-08-02 08:42:58
Stocks in the U.K. dropped on Tuesday, with energy shares falling as oil prices linger in bear-market territory, and as some banks struggled to recover from the weekend’s stress tests. The FTSE 100 dropped 0.4% to 6,668.54, with only the health care and consumer-goods sectors showing modest gains. The index on Monday fell 0.5%. Oil slips: Shares of Royal Dutch Shell PLC fell 1.5% and those in BP PLC lost 0.6% as oil prices slipped below $40 for the first time since April. Oil futures on Monday dropped more than 3% to finish in bear-market territory, marking a 20% fall from a recent peak, as worries about a supply glut refuse to fade. U.S. supply data from the American Petroleum Institute are due later Tuesday. More»
Amwal Al Ghad English - 2016-08-02 08:16:48
China stocks rebounded slightly on Tuesday, as real estate shares jumped on encouraging price reports, while small-caps bounced on signs of foreign interest. But trading remained thin as investors are still concerned about the economy, and worry about market liquidity as regulators step up their crackdown on speculative trading while nine companies launch initial public offers this week. The CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen rose 0.4 percent, to 3,189.05, while the Shanghai Composite Index .SSEC gained 0.6 percent to 2,971.28 points. Shenzhen's start-up board ChiNext .CHINEXTC rebounded 0.8 percent on Tuesday, snapping a four-day losing streak, on signs that some foreign investors are bargain hunting China's small-caps after the index's recent weakness. CSOP SZSE ChiNext Index ETF (3147.HK), which allows direct foreign investment into China's ChiNext board, recorded HK$10 million ($1.29 million) in net inflows in recent days, and trades at a significant 2.44 percent premium over the ETF net asset value. A premium in ETF reflects hot investor demand. Real estate stocks .CSI300REI were also firm on Tuesday, rising 1.6 percent, amid reports that home prices in China's 100 major cities have posted month-on-month gains for 15 months in a row. More»
Amwal Al Ghad English - 2016-08-02 07:34:14
Asian shares slipped on Tuesday, taking their cues from a modestly lower day on Wall Street, while crude oil prices stabilized after their overnight tumble and the U.S. dollar edged higher. European markets are set to open flat to slightly lower, with financial spreadbetter CMC Markets expecting Britain's FTSE 100 and France's CAC 40 to open 0.1 percent lower and Germany's DAX to start the day flat. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent, after the S&P 500 ended Monday 0.1 percent lower, despite hitting an intraday record high. Australian shares were down 0.6 percent after the Reserve Bank of Australia's policy board decided to cut its benchmark interest rate by 25 basis points to an all-time low of 1.50 percent, as expected. The Australian dollar fell to as low as $0.75 after the RBA decision, but shrank losses to trade down 0.3 percent at $0.7523. Trading in Hong Kong was suspended for the day as Typhoon Nida swept through the city, shutting down most of the financial hub. Japan's Nikkei stock index slipped 1.1 percent. The Nikkei gained more than 6 percent in July, when monetary and fiscal stimulus hopes propelled it to 1-1/2-month highs. Prime Minister Shinzo Abe's cabinet is likely to approve a 28 trillion yen ($273 billion) stimulus package on Tuesday, though direct fiscal spending will total only about 7 trillion yen, according to two people briefed on the matter. "The size and rough contents of the package are already known so I doubt it will move markets. The dollar/yen is likely to fall unless there are clearer signs of a rate hike by the Fed," said Shinichiro Kadota, senior FX and rates strategist at Barclays Securities Japan. Japanese government bonds skidded in their worst sell-off in more than three years, despite weaker stocks, accelerating a slide begun in the wake of last Friday's Bank of Japan easing steps that disappointed many investors. The benchmark 10-year JGB yield was up 9 basis points at minus 0.050 percent, touching its highest levels since early April. The dollar reversed early losses and added 0.1 percent to buy 102.45 yen, while the euro was also 0.1 percent higher at $1.1170. The dollar index, which tracks the U.S. currency against a basket of six major peers, was little changed at 95.693, holding above Friday's 95.384, its lowest since July 5. The dollar's upside was heavy on dwindling expectations that the U.S. Federal Reserve is gearing up to hike rates this year, which faded further after Monday's weaker-than-expected manufacturing data. The Institute for Supply Management's (ISM) index of national factory activity dropped to 52.6 in July from 53.2 in June, below market expectations of 53.0. U.S. crude tumbled below $40 per barrel on Monday for the first time since April, on heightened worries of a supply glut despite peak summer gasoline demand. [O/R] But it edged back up on Tuesday, adding 0.1 percent to $40.11 a barrel, after shedding 3.7 percent on Monday Brent crude was 0.4 percent higher at $42.30 after closing down 3.2 percent. More»
Amwal Al Ghad English - 2016-08-01 18:24:52
European stocks fell on Monday, with bank shares losing steam following stress-test results for the industry, and as an update on eurozone manufacturing activity showed further slowing. The Stoxx Europe 600 dropped 0.6% to close at 339.86, with banks leading decliners after stress-test results out on Friday. Gains in bank shares ahead of the test results led to the Stoxx 600 closing up 0.7% on Friday. Banks: The stress tests were aimed at showing how much capital, or cushion against losses, banks would have left on their balance sheets in a severe downturn. Italian, Irish and Spanish banks put in the worst performances of the 51 firms tested. Banks that suffered hits to their capital buffers in the test scenarios included Italy’s UniCredit SpA, London-based Barclays PLC and German lender Deutsche Bank AG. UniCredit and Barclays opened higher but since flipped lower, losing 9.4% and 2%, respectively. Deutsche Bank shares also gave up gains, closing 1.8% lower. Embattled Italian lender Banca Monte dei Paschi di Siena SpA ended up 0.6% even as its stress-test results fared the worst. But the bank’s board on Friday approved a plan to unload some of its nonperforming loans and raise fresh capital, moves aimed at fending off a government bailout. Other movers: Shares of Heineken NV lost 3.7% after the brewer warned of a slowdown in Africa that could bite into future earnings. Anglo American PLC rose 2.2% after a ratings upgrade to outperform from sector perform at RBC, according to Dow Jones Newswires. Data: Meanwhile, Markit said its final eurozone manufacturing PMI for July came in at 52.0, down from a flash estimate of 51.9, and from June’s reading of 52.8. Separately, Markit’s final reading of U.K. manufacturing activity in July deteriorated, falling to the lowest since early 2013, to 48.2. That is down from a flash estimate of 49.1. Indexes: Italy’s FTSE MIB swung into the red, losing 1.7% to 16,554.83 and Spain’s IBEX 35 dropped 0.9% to 8,513.40. Germany’s DAX 30 slipped 0.1% to 10,330.52 and France’s CAC 40 ended 0.7% lower at 4,409.17. The U.K.’s FTSE 100 dropped 0.5% to 6,693.95. The euro was buying $1.1173, up from $1.1075 late Friday in New York. More»