amwalalghad :: World

Your English Portal To Arab Economy

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 - 2014-06-19 07:42:53
European stock markets opened firmly higher on Thursday, keying off solid gains in the U.S. the prior day when Federal Reserve Chairwoman Janet Yellen signaled she was in no hurry to raise interest rates. The Stoxx Europe 600 index rose 0.7% to 348.53, after trading in tight ranges for most of week. Germany’s DAX 30 index climbed back above the 10,000 mark for the first time since June 11, trading 0.7% higher at 10,003.98. The U.K.’s FTSE 100 index advanced 0.7% to 6,825.16, while France’s CAC 40 index picked up 0.8% to 4,565.00. Among notable movers, shares of Rolls-Royce Holdings PLC jumped 6.7% after the engine maker announced a £1 billion ($1.7 billion) share-buyback program. Air France-KLM SA dropped 1.5% after a ratings downgrade. More»
Amwal Al Ghad English - 2014-06-18 07:35:41
European stock markets moved cautiously higher at the open on Wednesday as investors waited for a policy decision from the U.S. Federal Reserve and minutes from the Bank of England’s June meeting. The Stoxx Europe 600 index rose 0.2% to 347.09, setting it on track for an almost one-week closing high. Shares of Hennes & Mauritz AB added 0.9% after the Swedish fashion retailer posted a 25% rise in second-quarter profit. Shares of Voestalpine AG gained 0.9% after Citi lifted the steel maker to buy from neutral. Among country-specific indexes, the U.K.’s FTSE 100 index advanced 0.3% to 6,783.94 ahead of the BOE minutes out at 9:30 a.m. London time, or 4:30 a.m. Eastern Time. Germany’s DAX 30 index climbed 0.1% to 9,933.92, while France’s CAC 40 index picked up 0.2% to 4,544.55. More»
Amwal Al Ghad English - 2014-06-17 07:33:25
After two days in the red, European stock markets moved higher at the open on Tuesday ahead of the ZEW report, which is forecast to show an improvement in German investor confidence in June. The Stoxx Europe 600 index rose 0.4% to 346.78, after losing 0.5% in the prior session amid escalating violence in Iraq by Sunni militants. The U.K.’s FTSE 100 index rose 0.2% to 6,769.62 on Tuesday, while France’s CAC 40 index picked up 0.5% to 4,532.85. Germany’s DAX 30 index added 0.8% to 9,964.81. Car makers were among advancers after data showed the auto industry continued to recover in May. Shares of Daimler AG climbed 1.2% and BMW AG rose 0.7%, both in Frankfurt. And in Paris, shares of Renault SA gained 1.5%, while Peugeot SA put on 0.8%. More»
Amwal Al Ghad English - 2014-06-17 07:08:11
Most Asian stock markets fell on Tuesday as the deepening conflict in Iraq and a gas dispute between Ukraine and Russia sapped investors' appetite for riskier assets. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.3 percent. Japan's Nikkei bucked the trend with rise of a 0.3 percent, though it was still down on the week so far. European shares were expected to rise, buoyed by merger activity, with Germany's DAX and France's CAC 40 seen gaining up to 0.3 percent, after Wall Street shares eked out small gains. Oil prices remained not far from nine-month highs after militants from the Islamic State of Iraq and the Levant seized a large swathe of northern Iraq and threatened to capture a key oil refinery. The insurgent advance forced Washington to not only consider options for military action but also hold brief talks with Iran, its long-time foe, to support the besieged government in Baghdad. More»
Amwal Al Ghad English - 2014-06-16 07:36:11
Most Asian share markets struggled on Monday, as crude extended gains and tested nine-month highs on fears the insurgency in Iraq could spread - disrupting oil exports. The gloom was seen overshadowing European bourses as well, with financial spreadbetters predicting Britain's FTSE 100 to open down around 0.2 percent, Germany's DAX off 0.3 percent, and France's CAC 40 to open 0.4 percent lower. "The one factor in play at the moment is an escalation of Iraq concerns and how this is pushing energy prices higher," IG Market Strategist Stan Shamu said in a note to clients. Sunni insurgents seized a mainly ethnic Turkmen city in northwestern Iraq on Sunday, while the United States boosted security for its diplomatic staff in Baghdad and said some personnel had evacuated from the embassy. More»
Amwal Al Ghad English - 2014-06-10 07:37:48
European stocks were little changed, after yesterday rising to their highest level in more than six years, as investors awaited a report on U.K. industrial production. U.S. index futures slipped, while Asian shares rose. Bank of Ireland Plc dropped 4.9 percent after U.S. billionaire Wilbur Ross put on sale his remaining shares in the country’s largest lender by assets. The Stoxx Europe 600 Index declined less than 0.1 percent to 348.49 at 8:07 a.m. in London. The benchmark rose to its highest level since January 2008 yesterday as stronger-than-estimated economic growth in Japan encouraged optimism that the global recovery remains on track. Standard & Poor’s 500 Index futures dropped 0.2 percent to 1,946.7 today, while the MSCI Asia Pacific Index climbed 0.3 percent. An Office for National Statistics report at 9:30 a.m. in London today will show that industrial output in Europe’s third-largest economy climbed 0.4 percent in April, according to economists surveyed by Bloomberg News. The measure of production fell 0.1 percent in March. More»
Amwal Al Ghad English - 2014-06-10 07:00:29
Asia stocks rose to three-year highs on Tuesday on optimism over global growth prospects and a record run on Wall Street, which helped lift Treasury yields and the dollar. Monetary easing by the European Central Bank last week also has whetted the appetite for riskier assets globally, with an upbeat U.S. nonfarm payrolls report on Friday giving further impetus to investors. On Wall Street overnight the S&P 500 .SPX ended at a fourth straight record closing high and the Dow .DJI at its third. Spreadbetters expected the European equities to take a breather from their recent advances, forecasting Britain's FTSE .FTSE to open as much as 0.3 percent lower, Germany's DAX .GDAXI down 0.2 percent and France's CAC .FCHI almost flat. There was muted market reaction to Chinese inflation data released earlier in the day, as it remained well within the governments' comfort zone, giving room for the government to launch fresh stimulus measures if needed to support the economy. More»
Amwal Al Ghad English - 2014-06-09 07:16:21
Asian stocks touched their highest levels in nearly three years on Monday, basking in the glow of a record close on Wall Street after bright U.S. jobs data pointed to improving economic momentum. Financial spreadbetters expected Britain's FTSE 100 .FTSE, Germany's DAX .GDAXI and France's CAC 40 .FCHI each to open around 0.3 percent higher. "It's a reasonably quiet week on the economic calendar front so there's little for traders to get apprehensive about and play it cautious so we could see the bulls stampede," Capital Spreads dealer Jonathan Sudaria said in a note to clients, but he warned markets might be growing frothy. "It's remarkable how negative traders are feeling about this rally evidenced by the amount of clients that keep betting against it and getting short," he said. The dollar continued to benefit from rising U.S. Treasury yields, after U.S. jobs data on Friday showed that nonfarm payrolls increased by 217,000 last month, bringing employment back to its pre-recession level and validating the view that labor conditions are improving. The unemployment rate held steady at a 5-1/2 year low of 6.3 percent. More»
Amwal Al Ghad English - 2014-06-03 09:07:48
European shares dipped and the euro held near 3 1/2-month lows against the dollar on Tuesday ahead of euro zone inflation data that is expected to bolster the case for the European Central Bank to ease monetary policy later this week. The pan-European FTSE Eurofirst 300 .FTEU3 equity index was down 0.12 percent at 0810 GMT, with technology and telecommunications stocks among the worst performers. Traders were cautions before the 0900 GMT release of euro zone flash inflation data for May and April unemployment numbers. Price rises in the currency bloc are expected to have held steady at 0.7 percent, below the ECB's target of just below 2 percent. "All other things being equal, there are significant risks for a weaker print. This would further reinforce the call for ECB action this week. (But) the build-up in expectations ahead of the decision has increased the risk of disappointment," wrote Credit Suisse economists in a note on Tuesday. The ECB meets on Thursday and is widely expected to cut interest rates, including lowering the rate banks are charged for depositing funds with the central bank to below zero. While recent data pointing to a weaker-than-expected economic recovery have weighed on stocks, the prospect of ECB intervention has offered some support. However, expectations of lower euro zone rates, and recent upbeat U.S. economic data, have combined to push the euro to its weakest since mid-February. The single currency EUR= was steady at $1.3603, little-changed on the day and not far from a low of $1.3586 hit last week. The dollar index .DXY, which measures the greenback against a basket of currencies, was close to Monday's four-month high. The dollar stood at 102.35 yen, having earlier hit 102.49, its strongest in more than a month. German 10-year bond yields DE10YT=TWEB were flat at 1.31 percent, not far from 12-month lows hit last week. U.S. 10-year Treasury yields US10YT=RR rose on Monday to 2.54 percent after the Institute of Supply Management showed U.S. manufacturing activity accelerated in May. The ISM data helped push U.S. stocks higher, with the Dow Jones average .DJI and S&P 500 index closing a record highs. EMERGING MARKETS The U.S. numbers and Chinese data showing the service-sector performance expanded in May at its fastest in six months helped push Asian shares higher on Tuesday. Japan's Nikkei .N225 hit a two-month high, further boosted by talk of public pension funds increasing their assets allocated to domestic shares. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.5 percent, nearing a one-year high hit last week. "On the whole the world's economy is looking up, growing at a moderate pace," said Ayako Sera, senior market economist at Sumitomo Mitsui Trust Bank. Emerging markets stayed broadly rangebound after recent gains as U.S. Treasury yields rose. Emerging dollar bond spreads versus Treasuries stood at 288 basis points 11EML, the tightest in 15 months. Emerging stocks rose 0.4 percent .MSCIEF, just off recent 6-1/2 month highs. Indian shares rose as the central bank eased some bank liquidity requirements .BSESN Higher U.S. and Asian shares helped steady gold after a five-day losing streak, though the metal was still near a four-month low XAU= at $1,246 an ounce. Brent crude LCOc1 edged up towards $109 a barrel after the U.S. and Chinese data lifted the demand outlook. More»
Amwal Al Ghad English - 2014-06-02 07:30:19
Japan's Nikkei share average climbed to an eight-week high after strong Chinese factory data and rising Japanese corporate spending lifted sentiment. But Dai-ichi Life Insurance Co Ltd tumbled on news that it is in talks to buy a U.S. life insurance company, with investors wondering how the company would fund the acquisition. The Nikkei was up 1.6 percent at 14,873.01 in midmorning trade, its highest since April 7."Risk appetite has risen mainly on bright economic data from China, but the direction for the month will likely depend on other economic data like U.S. jobs figures this week," said Hikaru Sato, a senior technical analyst at Daiwa Securities. Whether the benchmark trades above its 26-week moving average of 14,900 is a key for further gains, he added. "If the Nikkei breaches this resistance level, we can be hopeful that the Nikkei is on a rising trend," Sato said. Chinese factory activity expanded at its fastest pace in five months in May due to rising new orders, official data showed on Sunday. Meanwhile, Japanese firms raised spending on factories and equipment in January-March by 7.4 percent from the same period last year, government data showed on Monday. Exporters advanced after the yen weakened slightly versus the dollar, with Sony Corp up 2.2 percent, Toyota Motor Corp adding 0.9 percent and Tokyo Electron Ltd gaining 1 percent. Dai-ichi Life dropped 4.8 percent and was the fourth most-traded stock by turnover. The company, Japan's second-largest private-sector life insurer by premium revenue, is in advanced talks to buy Alabama-based Protective Life, a source told Reuters. "The acquisition itself is positive for the company in the long term, but the market is wondering how the company will finance it. Dilution fears from a possible share offering plan hit investors' sentiment," said Mitsushige Akino, chief fund manager at Ichiyoshi Asset Management. The broader Topix added 1.2 percent to 1,216.41, while the new JPX-Nikkei Index 400 advanced 1.3 percent to 11,082.11. More»