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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        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 English - 2015-04-27 09:30:39
China's stock benchmark rose Monday while ones in Japan and Europe fell as investors looked ahead to Apple results and this week's U.S. Federal Reserve meeting. KEEPING SCORE: In early trading, France's CAC-40 index tumbled 1.1 percent to 5,144.97 points and Germany's DAX shed 0.3 percent to 11,779.98. On Wall Street, futures were mixed with the Dow Jones industrial average down 0.03 percent and the Standard & Poor's up 0.04 percent. On Friday, the Dow rose 0.1 percent and the S&P 500 rose 0.2 percent. The Nasdaq composite, dominated by tech stocks, advanced 0.7 percent. More»
Amwal Al Ghad English - 2015-04-27 08:25:25
Europe's leading share markets had mixed fortunes at the open. The FTSE 100 was up 0.44% to 7,100.68, led by HSBC, adding another 4% to last week's gains. Frankfurt's Dax index rose 0.39% to 11,856.5, but in Paris the Cac 40 was down 0.5% at 5,175.2. Source: BBC News More»
Amwal Al Ghad English - 2015-04-23 18:32:46
European stocks dropped on Thursday, marking a second consecutive daily loss, after economic data for the eurozone fell short of expectations. The Stoxx Europe 600 SXXP, -0.44% lost 0.4% to end at 407.18, with only the oil and gas SXEP, +0.34% and telecom sectors edging higher. Among individual shares, Ericsson AB ERICB, -9.99% sank 9.9% after the Swedish telecom-equipment maker said higher operating costs contributed to weaker-than-expected first-quarter profit. Germany’s DAX 30 DAX, -1.21% dropped 1.2% to 11,723.58, its biggest decline in nearly a week. Losses deepened after preliminary figures from data-firm Markit showed private-sector activity growth in Germany—Europe’s largest economy—softened slightly in April. Markit’s April flash manufacturing purchasing managers index for Germany hit a two-month low of 51.9, missing expectations for a 53.0 reading from analysts polled by FactSet. The flash services-activity index reached a three-month low of 54.4, below a projection of 55.3. While the April data are consistent with further economic growth at the start of the second quarter, “it will be interesting to see whether weaker new-order growth and increased prices will result in a further slowdown of output expansion, or whether the German economy will regain momentum in coming months,” said Markit economist Oliver Kolodseike in his report. Other Markit preliminary data showed growth slowed in France’s private sector in April. In Paris, the CAC 40 PX1, -0.62% fell 0.6% to 5,178.91. Separately, Spain’s unemployment rate edged up to 23.8% in the first quarter, from 23.7% in the previous quarter. Spain’s IBEX 35 IBEX, +0.23% managed to turned higher, ending up 0.2% at 11,425.80. On Thursday, European Central Bank board member Peter Praet said the eurozone is on track to get back to economic growth, as the central bank’s monetary policies begin to take hold. The ECB last month launched a €1.1 trillion bond-buying program aimed at boosting inflation and invigorating economic growth in the eurozone. Euro: The euro EURUSD, +1.08% meanwhile, was able to move higher after the soft PMI reports, trading at $1.0806 versus $1.0726 late Wednesday in New York. Craig Erlam, senior market analyst at Oanda, said “quite a lot of the move is technical,” as the euro recovered ground after falling back to Tuesday’s low around $1.0660. The euro pushed into the $1.08 after U.S. weekly jobless claims rose more than expected. Erlam said the euro also appeared to find support as Greek Prime Minister Alexis Tsipras was due to meet with German Chancellor Angela Merkel in Brussels on Thursday to discuss Greece’s debt troubles. “These talks may…be a sign that a deal is possible because if these people are having a discussion, than clearly they are trying to work toward a positive outcome,” said Erlam. Cash-strapped Greece and its creditors have so far been unable to work out an agreement that would lead to Greece getting its next tranche of bailout funds. Eurozone finance ministers will meet Friday to discuss Greece, but hopes for a deal remain low. Overall, the shared currency “remains in a downward trend,” said Erlam. Greek stocks were higher Thursday, with the Athex Composite Index GD, +2.39% closing up 2.4% at 736.60. In London, the U.K.’s FTSE 100 UKX, +0.36% turned higher by 0.4% to 7,053.67. The heavily weighted mining sector fought off losses that had come after HSBC’s Chinese manufacturing activity survey fell to a one-year low of 49.2 in April. China is a major buyer of metals and other commodities. Back on the DAX, Volkswagen VOW3, +0.99% was one of only six companies whose shares moved higher. The stock rose 1.6% after Canada’s export-credit agency said it would lend Volkswagen €400 million ($430 million) to buy Canadian-made parts for its plants in Tennessee and Mexico. Meanwhile, Deutsche Bank AG DBK, -0.54% shares turned higher, rising 0.6% after the German banking heavyweight agreed to pay a $2.5 billion fine to settle investigations by U.S. and U.K. regulators into manipulation of interest rates. More»
Amwal Al Ghad English - 2015-04-23 07:16:56
Asian shares weathered a soft reading on Chinese manufacturing on Thursday as it only whetted expectations for more policy stimulus there, while a sharp rise in British and German bond yields rippled through global debt markets. Among the milestones were a 15-year peak for Japan, seven years for both China and Taiwan and a near four-year top for South Korea. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.5 percent to reach ground last trod in early 2008. The gains came despite a dip in the HSBC China manufacturing PMI to a one-year trough of 49.2 in April, when the consensus had been for it to hold steady at 49.6. More»
Amwal Al Ghad English - 2015-04-22 07:53:29
Asian equities were mostly firmer on Wednesday with stimulus-fueled Chinese shares taking the lead, while oil sagged after Saudi Arabia ended its military campaign in Yemen, easing tensions in the energy-rich Middle East. Spread betters expected Britain's FTSE .FTSE, Germany's DAX .GDAXI and France's CAC to open mildly higher, taking their cue from gains in Asia. Asian stocks have found support from Chinese measures to spur lending and combat a slowing economy. On Sunday, China's central bank cut the reserve requirement ratio for the country's lenders in the second reduction in two months. The Shanghai Composite Index .SSEC gained 2 percent to a new seven-year peak, spurred by comments from state media which declared the bull market "has just begun." More»
Amwal Al Ghad English - 2015-04-21 07:16:29
Asian stocks were firm on Tuesday after China's latest step to prop up its faltering economy lifted global equities, while the euro was pressured on growing worries a cash-strapped Greece may default on its debt. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.3 percent. It was led by a 1.5 percent rise in Hong Kong's Hang Seng index .HSCE, which had been on a 3-week roll driven by Chinese portfolio investments. Japan's Nikkei .N225 added a percent, while Australian shares rose 0.6 percent .AXJO. More»
Amwal Al Ghad English - 2015-04-20 11:10:48
China’s government has drafted rules for companies’ applications for initial public offerings to be reviewed by the country’s two stock exchanges, rather than regulators, the state-run Xinhua News Agency reported on Monday. The proposed amendments to securities laws include removing some profitability requirements for companies planning IPOs, Xinhua reported on its microblog, citing rules submitted to the National People’s Congress standing committee. Pushing forward a registration-based system for IPOs is the “most important” matter this year for the reform of China’s capital markets, China Securities Regulatory Commission Chairman Xiao Gang said in January. Planned changes would leave questions of IPO supply and timing of deals to companies, not regulators who now must approve most facets of an offering. China currently relies on the CSRC to act as a gatekeeper for offerings. A seven-person listing review committee examines each application, judging factors such as investment potential and profit sustainability. More»
Amwal Al Ghad English - 2015-04-20 07:45:55
An index of Asian shares slipped on Monday and Chinese stock markets erased earlier sharp gains made after China's central bank boosted banks' lending power by reducing their reserve requirements. Financial spreadbetters expected gains in Europe, though the bullish mood was likely to be tempered by the late selloff in Asia. Britain's FTSE 100 .FTSE was seen to open 35 to 36 points higher, or up 0.5 percent; Germany's DAX .GDAXI to open 23 to 25 points higher, or up 0.2 percent; and France's CAC 40 .FCHI to open 12 to 15 points higher, or up 0.2 percent. China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to bolster slowing growth. More»
Amwal Al Ghad English - 2015-04-18 12:46:13
China's securities regulator is tightening on Friday control over lending to small stock investors in an attempt to cool an overheated stock market. The China Securities Regulatory Commission has banned a type of financing called an umbrella trust, tightened control over other financing and told brokerages to limit potential risks, the commission said in a statement Friday. The statement cited comments by the commission's deputy chairman, Zhang Yujun, to a gathering of brokerage executives. Zhang was cited as saying the commission plans to intensify inspection and law enforcement efforts. Chinese stocks have surged. The Shanghai A share market, which is only open to Chinese investors, has almost doubled in the last year. Chinese investors have piled into stocks now that the property market is weakening and interest rates are falling. Tighter control over lending might reflect concerns that investors are taking on too much risk. "The government is concerned that rising levels of leverage have added to the frothiness in stock prices," said Eswar Prasad, professor of trade policy at Cornell University. "So any moves to restrict this leverage will send a strong cautionary signal to retail investors." Still, Prasad doubts that regulators will succeed in keeping Chinese retail investors away from stocks. He says there's a lack of savings and investment alternatives in China. Xavier Smith, who manages international stocks for asset manager Centre Funds and invests in Chinese stocks, said he welcomed the announcement because it would help make China's stock market safer. "We've had these rules in the U.S. for a long time," Smith said. "It's just the Chinese market trying to become more Western," he said. When investors can borrow large amounts of money to buy stocks, they can help push a rising market higher. But things can go badly if stocks start to fall: Investors face pressure to sell stocks to repay the loans, potentially turning a market drop into a rout. More»
Amwal Al Ghad English - 2015-04-18 12:26:48
European stocks dropped sharply on Friday, pulling lower along with other global markets, with traders attributing the moves to changes in Chinese trading rules. Heightened worries about a default by Greece also contributed to the dark mood on the financial markets. Friday’s hefty losses drove European indexes deeper into the red for the week. Germany’s DAX 30 DAX, -2.58% logged its worst week since November 2011, with 5.5% decline. The Stoxx Europe 600 SXXP, -1.76% on Friday fell 1.8% to 403.69, led by nearly 2% fall for the basic materials group. The Stoxx 600 ended the week down 2.2%, the biggest such fall since December. European equities began tumbling in late-morning trade, along with U.S. stock futures, after heavy selling in futures tied to Chinese stocks. The drops came after the Securities Association of China said fund managers may lend shares for short selling, and will also expand the number of stocks investors can short sell. At the same time on Friday, the China Securities Regulatory Commission “banned the margin trading business of brokerages from taking part in umbrella trusts,” Bloomberg News reported. As for the ban, “any sort of regulation for the market, particularly one that so buoyant like that in China, is never seen as a good thing as it’s literally a physical impact on the kind of trading that can be done. The actual trading itself is getting limited, potentially,” said Jasper Lawler, market analyst at CMC Markets. The moves in China come as Chinese stocks have rallied this year. The Shanghai Composite SHCOMP, +2.20% is up 32%, and Hong Kong’s Hang Seng Index HSI, -0.31% has gained 17%. Mining companies are sensitive to moves made in China, a key buyer of metals and other commodities. The U.K.’s FTSE 100 UKX, -0.93% was pushed 1% lower to 6,990.26, with mining giants Rio Tinto PLC RIO, -1.44% RIO, -1.01% RIO, -1.40% and BHP Billiton PLC BLT, -1.60% down 1.4% and 1.6%, respectively. France’s CAC 40 PX1, -1.55% fell 1.6% to 5,143.26 on Friday, closing the week down 1.9%. DAX and Athens: Germany’s DAX DAX, -2.58% on Friday was shoved down 2.6% to 11,688.70. Before the Chinese-stocks news, the DAX had already been moving toward its first weekly loss in four weeks. Concerns about Greece’s debt troubles has hurt risk sentiment, and in turn has pressured the DAX, said Fawad Razaqzada, technical analyst at Forex.com. As well, gains this week for the euro EURUSD, +0.42% “has weighed on German exporters and that has eroded their attractiveness. That’s given investors a reason to take profit from these repeated record levels we’ve seen in the past few months.” The DAX on April 10 hit a record closing high of 12,374.73. The euro has moved back above $1.07 against the dollar following a round of weak U.S. economic data. Meanwhile, the yield on the 10-year German bond TMBMKDE-10Y, -7.05% on Friday slipped 1 basis point to 0.7%. Greece’s Athex Composite GD, -3.00% turned lower on Friday, falling 3% to 729.81. Stocks finished down nearly 6% for the week. Also this week, Greek bond yields rallied as prices fell, and borrowing costs on government bonds jumped back to levels not seen since 2012. There have been no signs of progress in negotiations over Greece’s bailout, suggesting Greece and its creditors won’t strike an agreement regarding Greek economic reforms before the April 24 Eurogroup meeting. Pierre Moscovici, the European commissioner for economic and financial affairs, told the Financial Times that Greece needs to agree to reforms by May 11. Elsewhere, the pound GBPUSD, +0.19% traded above $1.50 on Friday after data from the Office for National Statistics showed average weekly pay rose 1.7% in February. The jobless rate fell to 5.6%, from 5.7%, the lowest level since mid-2008. The U.K.’s FTSE 100 UKX, -0.93% turned lower, losing 0.9% to 6,993.34. More»