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        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        Egyptians Housing Development    1.94        United Arab Shipping   0.43        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        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 - 2014-11-27 09:01:53
The main indexes in Paris, Amsterdam, Brussels and Lisbon were not trading early on Thursday due to a technical incident, according to a spokesperson from exchange operator Euronext ENX, +0.57% France's CAC 40 index PX1, -0.20% the Dutch AEX index AEX, +0.19% Belgium's BEL 20 BEL20, -0.01% and Portugal's PSI 20 PSI20, -0.85% were all closed, but the individual stocks in those indexes were trading as usual. For the rest of Europe, the Stoxx Europe 600 index SXXP, +0.08% rose 0.1% to 346.57. More»
Amwal Al Ghad English - 2014-11-27 08:55:25
Here are the latest trading levels for Asia's major stock markets: Tokyo (Nikkei Average) down 0.6% ; Hong Kong (Hang Seng Index) down 0.4% ; Shanghai (Shanghai Composite Index) up 0.6% ; Sydney (S&P/ASX 200) up 0.1% (closed) ; Seoul (Kospi) up 0.2% ; Mumbai (Sensex) down 0.1% ; Taipei (Taiex) up 0.7% More»
Amwal Al Ghad English - 2014-11-26 08:48:58
Asian stocks edged up on Wednesday after upbeat U.S. economic growth data calmed investor anxiety over a deteriorating global outlook, while the Australian dollar languished near four-year lows against the dollar. Oil prices were also under pressure as major oil producing nations failed to agree on curbs to output ahead of an OPEC meeting on Thursday. The U.S. government upgraded its reading on third quarter gross domestic product to 3.9 percent on Tuesday from 3.5 percent reported last month. Economists polled by Reuters had expected growth would be cut to 3.3 percent. "The gap between actual and estimated third quarter GDP was a big one," Jasper Lawler, analyst at CMC Markets, said in a note, adding that what was of increasing importance was the gap between the economy of the U.S. and the rest of the world especially Europe and Japan. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.4 percent. Mainland Chinese shares hit fresh three-year highs, helped by last Friday's rate cuts from the People's Bank of China while Tokyo's Nikkei .N225 retreated 0.1 percent, weighed by the yen's bounce. European shares are expected to gain, with Germany's DAX .GDAX and France's CAC40 .FCHI seen rising up to 0.3 percent. The 10-year U.S. Treasuries yield dropped to a one-month low of 2.252 percent US10YT=RR, as strong auction results, month-end buying and an unexpected drop in U.S. consumer confidence offset the encouraging GDP news. That also helped the dollar put some distance from a seven-year high against the yen as investors took profits from its rally ahead of the U.S. Thanksgiving Day holiday on Thursday. The greenback was down 0.2 percent at 117.72 yen JPY=, pulling further away from a seven-year high of 118.98 reached the previous week. The euro was little changed at $1.2477 EUR=. "People are just squaring up ahead of the holiday," said Bart Wakabayashi, head of forex at State Street in Tokyo. "Overnight, we got some mixed U.S. data. It wasn't shiny, but relatively speaking, the U.S. continues to be the leader," he said. The Australian dollar hovered near a four-year low of $0.8514 AUD=D4. The Aussie has been under pressure amid the recent tumble in the price of iron ore, Australia's key export commodity. "The AUD sits squarely at the bottom of the G10 pack in the past 24 hours and heading into the NY close, with a fresh slide in iron ore prices, now to below $70 for the first time since June 2009, adding pressure," said Ray Attrill, global co-head of FX strategy at National Australia Bank. Crude oil stayed under pressure after a meeting of Saudi Arabia and three other nations ahead of Thursday's closely-watched OPEC summit ended with no deal to curb crude output. [O/R] U.S. crude CLc1 was down 24 cents at $73.85 a barrel, near a four-year low of $73.25 hit a little more than a week ago. More»
Amwal Al Ghad English - 2014-11-25 10:11:53
The U.K’s FTSE 100 slipped Tuesday, with shares of Kingfisher PLC dropping after its quarterly update and Petrofac PLC’s shares extending losses after a profit warning. The FTSE 100 UKX, +0.12% was off less than 1 point at 6,728.96, with gains among banking, industrial and telecom issues offsetting losses in the energy, mining and utilities groups. Later Tuesday, Bank of England Governor Mark Carney is expected to speak to the U.K. parliament’s Treasury Committee about the central bank’s recent inflation report. Shares of Kingfisher PLC KGF, -3.36% fell 3.2% as the home-improvement retailer, whose brands include B&Q and Screwfix, said third-quarter profit and sales declined, largely because of adverse foreign-exchange movements and a weak market in France. Total group sales fell 3.6% to 2.82 billion pounds ($4.41 billion) during the 13 weeks to Nov. 1. Group retail profit was £225 million, hurt by a £13 million cost from translating overseas profits into sterling. Petrofac Ltd. PFC, -4.67% shares logged the worst loss on the FTSE 100 as they fell 4%. That move built on Monday’s 26% tumble, which came after the oil-services firm cut its profit forecast. Credit Suisse downgraded the company on Tuesday to neutral from outperform, noting Petrofac’s outlook for 2015 profit of $500 million is 27% below consensus expectations. “Although the moving parts in the guidance are relatively clear, we feel the main sentiment driver will be the admission that project execution has fallen well short of management’s exalted record, lowering confidence over the quality of future earnings,” wrote Credit Suisse analyst David Thomas in a note. Deutsche Bank downgraded Petrofac to a hold rating. Elsewhere, Bloomberg reported Tuesday that some hedge funds were told by a prominent London mining banker that a takeover of Rio Tinto PLC RIO, -0.55% RIO, -1.07% by Glencore PLC GLEN, -0.47% will take place. Shares of Rio Tinto fell 0.4% and Glencore shed 0.2%. Mining giant BHP Billiton BLT, -1.85% was down 1.4%. Will you be in London on Dec. 3? Then you’re invited to our MarketWatch Investing Insights event, “The worse Europe gets, the more you should invest.” Governments are in trouble, reform efforts have stalled, unemployment is climbing. The news from the eurozone is bleak, and investors are fleeing. But that’s a mistake: The worse the economic data from Europe get, the more you should be buying. Why? Because actions by the ECB will boost asset prices and the stock market in particular. And, big exporters can grow sales. Lower costs and steady sales translate into higher profits and dividends. Join us for an evening of cocktails and conversation to explore these opportunities. Our panel will be led by MarketWatch Columnist Matthew Lynn, a renowned financial journalist based in London and the author of “Bust: Greece, the euro and the Sovereign Debt Crisis.” He’ll be joined by Mark Hulbert, MarketWatch columnist and editor of the Hulbert Financial Digest. This event is free, but RSVPs are required. It will be held Wednesday evening, Dec. 3, in London. More»
Amwal Al Ghad English - 2014-11-25 10:03:30
Here are the latest trading levels for Asia's major stock markets: Tokyo (Nikkei Average) up 0.2% ; Hong Kong (Hang Seng Index) down 0.2% ; Shanghai (Shanghai Composite Index) up 0.8% ; Sydney (S&P/ASX 200) down 0.5% (closed) ; Seoul (Kospi) down 0.1% ; Mumbai (Sensex) down 0.4% ; Taipei (Taiex) down 0.1% More»
Amwal Al Ghad - 2014-11-24 09:22:44
Asian share markets were broadly higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding. The single currency was near 28-month lows having shed 1.2 percent on Friday when European Central Bank President Mario Draghi surprised by declaring his commitment to fighting deflation. That came hot on the heels of an unexpected cut in interest rates from the People's Bank of China, and sources told Reuters Beijing was ready to ease further to head off slowing inflation. "China's rate cut adds to the determination of global policy makers to avoid deflation and support growth," said Shane Oliver, head of investment strategy at fund manager AMP Capital in Sydney. "While U.S. quantitative easing may have ended, it's being replaced by QE in Japan and Europe and rate cuts in China," he added. "This in turn augurs well for shares and other growth assets." Wasting no time, Chinese stock markets rallied, with a key index at its highest level in around one-and-a-half years. The CSI300 Index .CSI300 of the largest companies listed in Shanghai and Shenzhen opened up 1.2 percent at its highest level since June 2013, while the Shanghai Composite Index .SSEC opened up 0.8 percent. Stocks in Hong Kong were also up 1.9 percent. Tokyo's market was closed for a holiday on Monday, but MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS jumped 1.3 percent - its biggest daily gain in a month. Australia's main index .AXJO climbed 1 percent. The Dow .DJI and S&P 500 .SPX both added 0.5 percent on Friday, while the Nasdaq .IXIC put on 0.24 percent. Germany's DAX .GDAXI and France's CAC .FCHI rose nearly 3 percent in anticipation of more action by the ECB. "We will do what we must to raise inflation and inflation expectations as fast as possible," Draghi told an audience of bankers in Frankfurt, seemingly inching closer to outright purchases of government bonds. The comments took a heavy toll on the euro which was down at $1.2375 EUR= having shed almost two cents on Friday. That was just a whisker away from a two-year low of $1.2358 plumbed earlier in the month. Against the yen, the euro fetched 145.69 EURJPY=R, having dropped from a high of 148.43 on Friday. The greenback was at 117.71 yen JPY=, off a seven-year high of 118.98 set last week. It faded somewhat on Friday after Japanese Finance Minister Taro Aso said the yen's recent fall was "too rapid" and undesirable. The euro nursed particularly heavy losses against the Australian dollar, which climbed after China surprised with its interest rate cut. It traded at A$1.4239 EURAUD=R after shedding nearly 2 percent. Sources said China's leadership and central bank were ready to cut rates again and loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses. The cut in rates was the first in more than two years and reflected a change of course by Beijing which had finally decided that a bold monetary policy step was required to stabilize the world's second-largest economy. In commodity markets, oil went flat ahead of a key meeting of OPEC on Thursday amid much uncertainty whether producers would agree on a meaningful cut in output to support prices. Brent LCOc1 was up a cent at $80.37 a barrel, while U.S. crude CLc1 dipped 3 cents to $76.48. Gold XAU= was steady at $1,201.20 an ounce, as traders cheered the prospect of more global stimulus. More»
Amwal Al Ghad English - 2014-11-24 08:37:26
Asian share markets were broadly higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding. The single currency was near 28-month lows having shed 1.2 percent on Friday when European Central Bank President Mario Draghi surprised by declaring his commitment to fighting deflation. That came hot on the heels of an unexpected cut in interest rates from the People's Bank of China, and sources told Reuters Beijing was ready to ease further to head off slowing inflation. "China's rate cut adds to the determination of global policy makers to avoid deflation and support growth," said Shane Oliver, head of investment strategy at fund manager AMP Capital in Sydney. "While U.S. quantitative easing may have ended, it's being replaced by QE in Japan and Europe and rate cuts in China," he added. "This in turn augurs well for shares and other growth assets." More»
Amwal Al Ghad English - 2014-11-20 09:17:06
Asian stocks mostly fell on Thursday as factory output data suggesting that China's economy was slowing dampened investor sentiment, while the yen slid to multi-year lows against the dollar and euro. The somber mood in equities was expected to carry over into Europe, with spreadbetters forecasting Britain's FTSE .FTSE to open down by as much as 0.1 percent and seeing an effectively flat start for Germany's DAX .GDAXI and France's CAC .FCHI. The China flash HSBC/Markit manufacturing purchasing managers' index published on Thursday showed factory output contracted in the world's second-biggest economy for the first time in six months. "Disinflationary pressures remain strong and the labor market showed further signs of weakening," said Hongbin Qu, chief China economist at HSBC. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dropped 0.5 percent, briefly touching a one-month low. Shanghai Composite Index .SSEC lost 0.1 percent. Tokyo's Nikkei .N225 pared earlier gains to inch up 0.1 percent, with exporters buoyed by the yen's depreciation to a seven-year low versus the dollar. The weak yen hurt South Korean automakers by undercutting their price competitiveness. Led by weaker exporters, South Korea's Kospi .KS11 dropped 0.5 percent. Australian shares .AXJO fell 1 percent to give up this year's gains, feeling the heat from soft Chinese data and decline in prices of iron ore, a major export resource for Australia. YEN TUMBLES The dollar surged to a new seven-year high of 118.72 yen JPY=, bringing it within sight of the 120 level. The U.S. currency had already risen 1 percent overnight after the minutes of the Federal Reserve's last policy meeting showed its members were relatively unconcerned about the dollar's strength. "The Fed has left the green light shining brightly for further USD gains," said Alan Ruskin, global head of currency strategy at Deutsche. The Fed minutes also showed the central bank was still on track to raise interest rates next year, pushing U.S. Treasury yields higher. The Fed's hints of confidence about the economy further highlighted the divergence in U.S. monetary policy relative to those of Europe and Japan. The European Central Bank and Bank of Japan are struggling to stave off deflation and shore up their shaky economies. Beaten down by the dollar, the yen also slid against the euro. The euro traded near a six-year peak of 148.94 yen EURJPY=. The euro fetched $1.2547 EUR=, off a three-week high of $1.2602 hit overnight. In commodities, gold remained under pressure. It fell more than 1 percent on Wednesday after a poll showed weaker support among Swiss voters for a referendum that would require the Swiss National Bank (SNB) to boost its gold reserves. If the "Save our Swiss gold" proposal is approved, the SNB would be banned from selling any of its gold reserves and would have to hold at least 20 percent of its assets in the metal, compared with 7.8 percent last month. Spot gold XAU= was at $1,180.04 an ounce, off the week's high of $1,204.70 set on Tuesday. U.S. crude oil futures extended their losses as the bullish dollar and an unexpected rise in U.S. stockpiles countered hopes of a possible OPEC output cut. U.S. crude CLc1 was down 5 cents at $74.53 a barrel. More»
Amwal Al Ghad English - 2014-11-19 09:42:29
U.K. stocks fell Wednesday, with investors waiting for insight into monetary policy from the Bank of England’s meeting earlier this month. The FTSE 100 index UKX, -0.25% fell 0.2% to 6,696.99 as metals, energy and industrial issues were under pressure. Miner Anglo American PLC AAL, -2.13% fell 1.9%. Shares of Intertek Group PLC ITRK, -7.50% fell 7.5%, leading losses on the benchmark, after the product-testing and certification company said organic revenue fell 0.7% in the 10 months through Oct. 31. At 9:30 a.m. London time, the central bank is due to release minutes from its November meeting, and investors will look what policy makers said about wage growth and inflation. On Tuesday, government data showed inflation in the U.K. rose by 1.3% in October, compared with 1.2% in September. While that beat expectations of a rate of 1.2%, the October level remains below the central bank’s target of 2%. Royal Mail PLC RMG, -4.94% shares turned lower, trading down 0.8%. The delivery-services company said half-year interim revenue rose to 4.53 billion pounds ($7.08 billion) from £4.52 billion in the previous period. Net profit, however, fell as results in the previous period benefited from exceptional income related to pension provision. More»
Amwal Al Ghad English - 2014-11-19 09:25:15
Japanese shares shed early gains on Wednesday as investors booked profits after Prime Minister Shinzo Abe delayed a tax hike and said he would call a snap election to seek a fresh mandate for his economic policies. Asian shares were mixed but MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 0.4 percent to a three-week low as resource shares were hit by price-falls for oil and other commodities. "The fall in energy costs is positive for many economies but they are hurting large-cap resource shares, which have a big presence in many Asian markets," said Yukino Yamada, senior strategist at Daiwa Securities. European shares could extend their gains and reach a seven-high week in the wake of Tuesday's surprisingly strong German economic sentiment data. Spreadbetters looked for a 0.2 percent rise at the opening for Germany's DAX .GDAX and France's CAC 40 .FCHI. Japan's Nikkei .N225 dipped 0.3 percent but the broader Topix index .TOPX rose 0.1 percent to hit a six-year high on hopes that Abe's tax-hike delay by 18 months will help shore up the world's third-biggest economy, which unexpectedly slipped back into a recession. In current economic conditions, "postponing the consumption tax would be positive for stocks," Ryota Sakagami, chief strategist at SMBC Nikko Securities, said in a report. "But the ruling party bloc is likely to reduce their seats. Their victory is unlikely to create hopes for big changes. So we do not anticipate the type of boom in Japanese stocks we saw after elections in 2005 and 2012," Sakagami added. Few expect Abe's Liberal Democratic Party and its smaller ally to lose their majority, but financial markets and analysts are now contemplating the possibility that the ruling bloc might fare less well than initially anticipated. Investors are now looking to what Bank of Japan Governor Haruhiko Kuroda would say about the country's slide into recession and Abe's decision to delay the tax hike - something Kuroda has said is not advisable. Kuroda holds a news conference at 0630 GMT (1.30 a.m. EST). The BOJ stunned markets last month by expanding its monetary easing program to preempt a slowdown in inflation. The Japanese yen hit a seven-year low, as it continued to feel the pressure from the BOJ's extremely loose policy while the U.S. dollar also benefited from hopes of a solid recovery in the U.S. economy. The dollar rose as high as 117.42 yen JPY=, high last seen in 2007. The euro also hit a six-year high of 146.99 yen EURJPY=R. The euro held firm against the dollar at $1.2524, after German analyst and investor sentiment rose unexpectedly in November for the first time in almost a year. The ZEW index surpassed even the most bullish forecast, raising hopes of an improvement in Europe's biggest economy after it dodged recession in the third quarter. The Australian dollar tumbled as the price of iron ore .IO62-CNI=SI, Australia's top export earner, slipped to its lowest in five years at $72.10 a metric ton (1.1023 tons) Later in the day, the U.S. Federal Reserve will release the minutes of its last policy meeting, which markets will watch for any clues on when the Fed will start raising rates. U.S. debt yields dipped on Tuesday as benign wholesale inflation figures cemented the view that the Fed can afford to wait for an extended period before raising rates. The 10-year U.S. 10-year yield stood at 2.320 percent US10YT=RR in early Asia, after having dipped about 2.5 basis points on Tuesday. One major reason inflation is subdued in the United States - and elsewhere - is because of falling oil prices over the last five months, partly on oversupply concerns as U.S. shale oil production has increased. Oil prices were depressed near four-year lows after two straight days of falls so far this week as traders looked to whether the OPEC will agree on an output cut at its Nov. 27 meeting. U.S. crude futures CLc1 slipped 0.4 percent to $74.34 per barrel, near last week's low of $73.25, having fallen more than 31 percent in the last five months. More»