amwalalghad :: World

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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 - 2015-04-02 07:37:36
Asian shares shrugged off weak U.S. data overnight that raised concerns ahead of Friday's key employment figures, and logged gains on Thursday as investors covered positions ahead of the Easter holidays. European bourses were expected to follow suit, with financial spreadbetters calling Britain's FTSE 100 .FTSE to open flat to 1 point higher, or up 0.01 percent; Germany's DAX .GDAXI to open 27 points higher, or up 0.2 percent; and France's CAC 40 .FCHI to open 12 to 13 points higher, or up 0.3 percent. "The performance of Europe's markets, which continue to look fairly well-supported, as well as trading at multi-year highs, stands in contrast to the weakness currently being seen in U.S. markets," Michael Hewson, chief market analyst at CMC Markets, said in a note. More»
Amwal Al Ghad English - 2015-04-01 07:34:52
Asian stocks were mostly lower on Wednesday, taking their lead from weaker U.S. shares, while the dollar slid against the yen as Tokyo's Nikkei recoiled in volatile trade. As share volatility rose, spreadbetters forecast a significantly lower open for Britain's FTSE .FTSE, Germany's DAX .GDAXI and France's CAC .FCHI. Crude oil prices continued to decline as negotiations between Iran and world powers over nuclear technology extended beyond a deadline. The protracted negotiations have drawn attention due to their potential impact on crude supply of a settlement. Wall Street slid overnight, weighed by declines in the healthcare sector and in energy shares as oil prices contracted. More»
Amwal Al Ghad English - 2015-03-31 18:54:02
European stock markets moved firmly lower on Tuesday, with investors pegging the slide to traders using disappointing eurozone unemployment data as an excuse to bank gains after the best quarter in years. “We’ve had a good run in Europe, so we’re seeing some book squaring after a good quarter,” said Michael Hewson, chief market analyst at CMC Markets. “Investors are using the unemployment data as en excuse to take profits.” After a volatile trading day, the Stoxx Europe 600 index SXXP, -0.64% dropped 0.6% to close at 397.30. The index traded as high as 401.75 earlier in the day, but started to pare gains after the arrival of a mixed bag of eurozone economic reports. The eurozone inflation rate improved in March to negative 0.1% from negative 0.3% the previous month, easing fears of deflation in the currency union. But eurozone unemployment for February came in at 11.3%, higher than the forecast of 11.2%. January’s joblessness rate was raised to 11.4%, from 11.2%. For the quarter, the pan-European benchmark jumped 16%, marking its best quarterly gain since the 17.8% rally logged in the third quarter of 2009. Other markets: Germany’s DAX 30 index DAX, -0.99% fell 1% to 11,966.17 on Tuesday, shaking off an earlier boost it got from German labor data. That report showed unemployment dropped to a record low of 6.4% in March, down from 6.5% in February. For the quarter, the benchmark scored a 22% rise, the strongest quarterly gain since the second quarter of 2003. France’s CAC 40 index PX1, -0.98% erased 1% to 5,033.64, trimming its quarterly advance to 17.8%. The U.K.’s FTSE 100 index UKX, -1.72% tanked 1.7% to 6,773.04 ahead of the May 7 general election. Read: FTSE drops but stays on track for best quarter in more than a year Data: France reported that consumer spending for February rose 0.1% on the month and 3% on the year, bang in line with forecasts by economists polled by The Wall Street Journal. The U.K. economy grew at a faster-than-expected pace in 2014, confirming that the country was the top growth performer in the Western world last year. Gross domestic product for the full year was raised to 2.8%, from 2.6% reported previously. Greece reform impasse: The antiausterity government in Athens and Greece’s international lenders were still struggling to reach a reform agreement, which is needed to unlock the next tranche of bailout funds for the struggling country. Reuters reported that the negotiations between the two sides ended on Tuesday without a deal on revised reforms, while European Council President Donald Tusk warned it could take until the end of April before a deal is brokered. Greek Prime Minister Alexis Tsipras told Greece’s parliament late Monday they wouldn't give in unconditionally to the economic overhauls demanded by its creditors. Greece is at risk of running out of cash in April unless it receives fresh funding. Movers: Shares of Kingfisher PLC KGF, +4.33% jumped 4.3% after the do-it-yourself retailer said it would close about 60 stores in its U.K. chain B&Q and its “few loss-making stores” in Europe. Raiffeisen Bank International AG RBI, +5.85% climbed 5.9% after J.P. Morgan Cazenove lifted the Austrian lender to overweight from neutral. More»
Amwal Al Ghad English - 2015-03-31 18:48:43
Germany's benchmark DAX, -0.99% logged a 22% gain, which not only exceeds the performance of almost any other index in Europe and the U.S., but also marks the strongest quarter since the three months to June 2003. That was back when the U.S. had just invaded Iraq, Tony Blair was still prime minister in the U.K. and Europe launched its first voyage to Mars. “It’s been a perfect storm of good news for the DAX,” said Michael Hewson, chief market analyst at CMC Markets. “It’s the most export-oriented index so it benefits from a weaker euro, and you’ve got lower oil prices, QE tailwind and an economy in good shape.” The euro EURUSD, -0.81% has shaved off 11% against the dollar in the first quarter, making European-produced goods cheaper for buyers overseas. That’s great news for Germany’ big export companies such as Siemens SIE, -0.47% SIEGY, -1.34% BMW BMW, -0.68% and Merck MRK, -1.83% Additionally, the German manufacturers are heavy users of energy, so the historically weak oil price has helped the companies keep expenses low, which also buoys stock prices. And then, of course, there’s the ECB’s €60-billion-a-month bond-buying program that has beefed up equities across all of Europe over the past month. Maybe expect for Greece, but that’s a whole different story. Read: Super-bull Mark Mobius: Greece is so cheap right now, we’re already buying Outside Europe, German-related assets have also performed well. The Recon Capital DAX Germany ETF DAX, -1.97% the only U.S.-listed ETF to track the DAX, is up 10% for the quarter, easily jockeying past quarterly gains of 0.5% and 1% for the Dow Jones Industrial Average DJIA, -0.57% and S&P 500 index SPX, -0.44% respectively. “We continue to see outperformance throughout the rest of the year,” said Kevin Kelly, managing partner of Recon Capital. “If you look at other quantitative-easing programs they were also multiyear stories, but what’s different about this QE program in Europe is that we’re also seeing lower input costs via energy. That’s really helped push this rally.” Index First-quarter performance Germany’s DAX 22% Stoxx Europe 600 16% France’s CAC 40 18% The U.K.’s FTSE 100 3.2% Italy’s FTSE MIB 22% Spain’s IBEX 35 12% Greece’s Athex Composite -6.1% Other analysts, however, said the DAX’s glory days may be over. Hewson from CMC Markets forecasts that investors will start banking profits in the second quarter, while Barclays strategists argued that Italy’s FTSE MIB FTSEMIB, -0.44% and Spain’s IBEX IBEX, -0.07% could start outperforming the German benchmark. “The remarkable speed of euro depreciation seen has rarely been sustained in the past,” the Barclays analysts said. “If the pace of euro depreciation decelerates hereon, investors may shift focus away from weak euro plays to stocks leveraged to the domestic economy.” With that advice, Barclays echoed calls from Credit Suisse and J.P. Morgan that earlier in March suggested switching out of the export plays, such as Germany, and into the more domestically-driven periphery. More»
Amwal Al Ghad English - 2015-03-30 09:40:16
Shares rose on Monday with Asian stocks buoyed by hopes for stimulus to boost China's economy, but the euro slipped on more concern about Greece's finances. In Europe, a rally in technology shares, tracking Friday's surge in the U.S. tech sector, helped equities bounce back from losses last week, although Athens' stock market was down on concern about whether the country will be able to reach agreement with its creditors. More»
Amwal Al Ghad English - 2015-03-30 07:32:59
Asian stock markets rose on Monday, with China stocks nearing a seven-year peak on hopes for more infrastructure spending and policy stimulus, while oil prices suffered further from excess supply. Activity was guarded most elsewhere in a week book-ended with holidays and a U.S. jobs report that could affect the timing of interest rate hikes there. Shanghai shares .SSEC climbed 1.9 percent to test highs last seen in May 2008 on hints that Beijing supported the market's rise. The Hang Seng China Enterprises Index .HSCE also added 3.5 percent after China allowed mainland mutual funds to buy Hong Kong stocks. More»
Amwal Al Ghad English - 2015-03-26 18:40:19
European stocks dropped onThursday, as risk-averse investors fled equities around the world, even bringing down energy shares despite a rally in oil prices spurred by tension in the Middle East. The Stoxx Europe 600 SXXP, -0.86% dropped 0.9% to 394.85, the lowest close since March 10. The fall reduced the pan-European benchmark’s gain for the year to 15.2%. Read: Don’t miss this ‘gem’ in Europe’s stock market, says Barclays Gains for most energy shares SXEP, -0.46% eventually fizzled, despite a surge in oil prices CLK5, +3.96% as reports of Saudi Arabian airstrikes in Yemen spurred concerns about supply disruptions. But managing to advance was offshore driller Seadrill Ltd. SDRL, +1.74% as it climbed 1.8%. Norwegian oil major Statoil ASA rose 1.2% and Dutch oil services provider Royal Vopak NV VPK, +1.68% picked up 1.7%. But overall, European markets traded lower “on the back of the sharp selloff which we experienced in the U.S.,” on Wednesday, said Naeem Aslam, AvaTrade’s chief market analyst, in a Thursday note. “Investors are finding it difficult to assess the health of the U.S. economy given that the recent raft of economic data has been very disappointing.” Concerns about a poor upcoming corporate earnings seasons also contributed to Wall Street’s dive overnight. Most Asian stock markets followed up with losses on Thursday. Among the major European indexes Thursday, Germany’s DAX 30 DAX, -0.18% fell 0.2% to 11,843.68, but closed off session lows. France’s CAC 40 PX1, -0.29% fell 0.3% to 5,006.35. Italy’s FTSE MIB FTSEMIB, -1.06% was pushed 1.1% lower to 22,900.27. Spain’s IBEX 35 IBEX, -0.10% ended 0.1% lower at 11,453.80. European stocks in recent sessions have pulled back from multiyear and record highs, in part as the euro EURUSD, -0.91% regains ground against the U.S. dollar. The dollar’s strong run this year has taken a breather since the Federal Reserve signaled last week it may begin raising interest rates later than the market had expected. A rate hike by the Fed will be data dependent and if there’s a “consistent pattern” of disappointing reports, a “rate hike is completely out of question. In fact another pipeline for QE could be established,” said Aslam. The U.K.’s FTSE 100 UKX, -1.37% fell 1.4% to 6,895.33, with London Stock Exchange Group PLC LSE, -5.63% shares down more than 5% after the company’s largest shareholder sold its entire stake in the company. Greek stocks finished lower, leaving the Athex Composite GD, -3.74% down 3.7% at 764.88. Earlier Thursday, central bank data showed Greek bank deposits sank to their lowest level in nearly 10 years, highlighting worries about the country’s debt crisis and the country’s possible exit from the eurozone. The ECB on Wednesday raised the amount of money Greek banks can borrow under an emergency lending program, to €71.1 billion ($77.8 billion) from €69.8 billion the previous week. More»
Amwal Al Ghad English - 2015-03-26 11:33:37
European stocks dropped Thursday, with risk-averse investors fleeing equities around the world, but energy shares managed to post gains as airstrikes in Yemen sent oil prices flying higher. The Stoxx Europe 600 SXXP, -1.39% dropped 1.3% to 392.85, on track for its biggest loss since mid-January, according to FactSet data. Energy shares, however, stood out, rising on the back of a 5% surge in oil prices CLK5, +4.27% after reports of Saudi Arabian airstrikes in Yemen spurred concerns about supply disruptions. Topping the Stoxx 600, shares of offshore driller Seadrill Ltd. SDRL, +3.54% climbed 3.3%, oil-field services provider Petrofac Ltd. PFC, -0.20% rose 3% and Portuguese oil firm Galp Energia SGPS GALP, +1.01% gained 2.1%. But overall, “European markets are trading lower on the back of the sharp selloff which we experienced in the U.S.,” on Wednesday, said Naeem Aslam, AvaTrade’s chief market analyst, in a Thursday note. “Investors are finding it difficult to assess the health of the U.S. economy given that the recent raft of economic data has been very disappointing.” Concerns about a poor upcoming corporate earnings seasons also contributed to Wall Street’s dive overnight. Most Asian stock markets followed up with losses on Thursday. Among the major European indexes, Germany’s DAX 30 DAX, -1.44% sank 2% to 11,634.71 and France’s CAC 40 PX1, -1.21% tumbled 1.4% to 4,952.26. In Spain, the IBEX 35 IBEX, -0.81% dropped 1.4% to 11,312.20 and Italy’s FTSE MIB FTSEMIB, -1.52% was pushed 1.8% lower to 22,735.82. European stocks in recent sessions have pulled back from multiyear and record highs, in part as the euro EURUSD, +0.26% regains ground against the U.S. dollar. The dollar’s strong run this year has taken a breather since the Federal Reserve signaled last week it may begin raising interest rates later than the market had expected. A rate hike by the Fed will be data dependent and if there’s a “consistent pattern” of disappointing reports, a “rate hike is completely out of question. In fact another pipeline for QE could be established,” said Aslam. The U.K.’s FTSE 100 UKX, -1.22% fell 1.3% to 6,901.34, with London Stock Exchange Group PLC LSE, -8.71% shares down nearly 10% after the company’s largest shareholder sold its entire stake in the company. More»
Amwal Al Ghad English - 2015-03-26 07:43:03
Asian shares slipped on Thursday as tech-driven losses on Wall Street and escalating tensions in the Middle East provided a tailwind for oil prices and the safe haven yen. Risk appetite took a knock from news Saudi Arabia and its Gulf Arab allies had launched air strikes in Yemen against Houthi fighters who have tightened their grip on the southern city of Aden. The potential threat to oil supplies from the Gulf was enough to boost U.S. crude CLc1 $1.81 to $51.02, while Brent crude LCOc1 climbed $1.56 to $58.04 a barrel. The dollar broke down to a one-month trough on the yen around 118.94 JPY=, while yields on 10-year U.S. Treasuries ticked down to 1.91 percent US10YT=RR. A dearth of Asian data meant the path of least resistance was for stocks to fall and MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS eased 0.8 percent. Australia's main index .AXJO shed 1.4 percent, while the Nikkei .N225 lost 1.6 percent in its biggest daily decline since mid-January. Chinese markets, as so often, went their own way and Shanghai .SSEC rose 0.5 percent. More»
Amwal Al Ghad English - 2015-03-25 19:28:11
U.K. stocks tipped into the red on Wednesday, backing away from an effort to reach a record high, with a downgrade of Barclays PLC weighing on the banking heavyweight’s shares. The FTSE 100 UKX, -0.41% fell 0.4% to 6,990.97. The lowest close for the blue-chip index since March 19, according to FactSet data, came in part as consumer-related shares reversed gains. ARM Holdings PLC ARM, -6.08% paced individual decliners as the chip designer’s shares fell 6.1%, mirroring losses in tech stocks on Wall Street. Brewer SABMiller PLC SAB, -0.55% fell 0.6%. They had been down by nearly 2% ahead of a formal announcement that H.J. Heinz Co. and Kraft Foods Group Inc. KRFT, +34.55% have agreed to merge. The Wall Street Journal noted that there had been speculation Brazil’s 3G Capital was interested in bidding for SABMiller along with Anheuser Busch InvBev ABI, -0.84% in which 3G holds a stake. Under the planned Kraft-Heinz merger, 3G Capital and Berkshire Hathaway BRK.B, -0.26% will contribute $10 billion toward a special shareholder dividend as part of the transaction that would create the world’s fifth largest food and beverage company. Shares of Barclays PLC BARC, -2.53% also weighed on the FTSE 100, falling 2.5% following a downgrade to hold from buy at Investec. The “valuation case is no longer overwhelming in the context of our deteriorating expectations for the scale and pace of [return on equity] recovery,” wrote analyst Ian Gordon in a note. But TUI AG shares TUI, +2.62% held the top spot on the FTSE 100, jumping 2.6% as the tourism company said its winter 2014/15 season wrapped up as it had expected, with higher average-selling prices in most of its markets. It said for this summer, bookings and average-selling prices are each up 1%. The demand for its own holiday packages account for 74% of summer bookings, higher by three percentage points from the year-ago period. The FTSE 100 on Tuesday had been on track to surpasses its previous record closing high of 7,037.67, but reversed course toward the end of the session and lost 0.3%. More»