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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        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        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        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        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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        

The Watch - forex news

Amwal Al Ghad English - 2015-12-29 09:18:50
Crude oil prices remained under pressure on Tuesday as fears of slowing demand added to worries over near-record global production levels that have slashed prices by two-thirds since the middle of last year. Front-month U.S. West Texas Intermediate (WTI) futures CLc1 were trading at $36.83 per barrel at 0334 GMT, similar to Monday's close after a more than 3 percent fall. The international benchmark Brent LCOc1 was at $36.67 per barrel, virtually unchanged from its last settlement but less than a dollar away from an 11-year low hit earlier in December. Both contracts are down by two-thirds since prices started tumbling in June 2014. While global output has been at or near record highs, demand has so far held up, preventing oil prices from falling even lower, but that may be about to change. Oil analysts JBC Energy said that oil product demand growth in Europe turned negative in October - a loss of 170,000 barrels per day (bpd) year-on-year - for the first time in 10 months and that diesel and gasoline demand growth in China, one of the strongest price supporters of the past year, was also slowing. More»
Amwal Al Ghad English - 2015-12-29 08:24:39
Oil fell close to $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has more than halved prices since the downturn began in mid-2014. U.S. crude was trading below global benchmark Brent, having earlier in December risen to a premium for the first time in about a year following the lifting of a 40-year-old ban on most U.S. crude exports. Brent crude was down 85 cents at $37.04 a barrel at 1255 GMT (7.55 a.m ET). It fell to $35.98, an 11-year low, on Tuesday. U.S. crude was down $1.16 at $36.94. Trading volume was lighter than normal due to a UK public holiday. "We expect both prices to rise next year," said Eugen Weinberg, an analyst at Commerzbank. "A short-term slide can't be excluded, due to persisting oversupplies, negative sentiment and stronger downside momentum." Figures from the Organization of the Petroleum Exporting Countries imply a glut of more than 2 million barrels per day, equal to over 2 percent of world demand. Oversupply is expected to persist into the earlier part of next year. "The global supply and demand tables are still showing a heavy picture for the first half of 2016," said Olivier Jakob, oil analyst at Petromatrix. More»
Amwal Al Ghad English - 2015-12-28 08:57:20
Brent crude oil futures regained a slight premium over their U.S. equivalents on Monday but both benchmarks fell as there is no end in sight for oversupply concerns that have brought down prices by two-thirds since the downturn began in mid-2014. The international crude oil futures benchmark Brent was trading at $37.74 a barrel at 0650 GMT, down 15 cents from its last settlement. But with U.S. West Texas Intermediate (WTI) futures losing 37 cents to $37.73 per barrel, front-month Brent regained a tiny premium it lost before Christmas. Yet traders said not too much should be interpreted into these movements as low liquidity meant that prices could move abruptly without changes in price fundamentals. Trading volumes were down for both contracts in the post-holiday period, with only about 4,500 front-month Brent contracts changing hands by 0648 GMT on Monday versus over 272,000 contracts traded on December 7, the first Monday of the month. There were 8,985 WTI contracts traded by 0648 GMT compared with over 635,000 dealt on December 7. More»
Amwal Aln Ghad English - 2015-12-28 07:46:56
The dollar moved away from a two-month low against the yen in Asian trade on Monday, following downbeat Japanese economic data in holiday-thinned trading. Some markets, including Australia and many in Europe, will remain closed on Monday after the Christmas holiday on Friday. "Liquidity will probably be low in the run-up to New Years," said Marshall Gittler, head of investment research at FXPrimus Europe. "There could be some sudden moves though as small orders can move the market unpredictably. Volatility tends to increase towards the end of the year," he said in a note to clients. Against the yen, the dollar was last steady at 120.42 yen JPY=, off a session low of 120.17 yen as well as its Friday low of 120.05 yen. The dollar was up about 0.6 percent against the yen for the year, but down more than 2 percent for the month so far. Japanese data released earlier on Monday was yen-bearish, although the market's reaction was muted. More»
Amwal Al Ghad English - 2015-12-27 08:35:07
The telegraph has listed the Egyptian pound as one of the most beautiful currencies in history. The Egyptian pound -in the paper form- is no longer in circulation. The Egyptian pound mentioned in the telegraph article was also printed in 2004. A link to the telegraph article is given below: The item is sold from California and will be shipped using UPS next air day. More»
Amwal Al Ghad English - 2015-12-26 09:18:11
The dollar continued along its downward trajectory this week as investors cashed in on the U.S. currency’s gains in 2015 and few added significant positions ahead of the holiday break. The dollar USDEUR, -0.1217% declined against the euro on Thursday, as the common currency changed hands for $1.0972, compared with $1.0913 late Thursday. The dollar slid versus the yen USDJPY, -0.14% to ¥120.28, from ¥120.92. Financial markets around the world closed early on Christmas Eve. The Wall Street Journal Dollar Index BUXX, +0.01% which compares the greenback against a basket of 16 commonly traded currencies, declined 0.4% to 89.64 on Thursday. Many money managers have closed their books after a year when the dollar appreciated 8.4% against peers. Throughout 2015, many investors bet heavily that the dollar would rise in anticipation of the Federal Reserve raising its short-term, benchmark interest rate for the first time since 2006, a move that would lure yield-hungry investors to assets denominated in the U.S. currency. More»
Amwal Al Ghad English - 2015-12-23 08:26:36
At the tail end of 2008, the last time oil prices traded at $35 a barrel, some vacationing oil traders missed out on an abrupt $16 surge that helped define the bottom of a five-month, crisis-induced collapse. Few expect a repeat this holiday season, however, even as market liquidity has fallen by more than half, increasing the chances of a lurch in a thinly traded market. While dealers and analysts interviewed by Reuters this week expressed a cautious stance heading into the holiday period, few said they were positioning to benefit from even a short-term recovery, and bullish $38 to $42 options volumes were muted. "The best trade right now is no trade," said one trader. The comparison to 2008 emerges from the coincidental timing of unexpectedly low prices. On Dec 24, 2008, Brent crude hit $36.20 a barrel, its lowest level since July 2004 amid the financial crisis. This week, it dipped below that point for the first time since 2008. Seven years ago, prices abruptly turned higher, rising for six of the next seven trading days to gain 44 percent, or $16 a barrel. They then traded sideways until April. More»
Amwal Al Ghad English - 2015-12-23 07:42:19
U.S. crude prices briefly rose to a premium over internationally traded Brent on Wednesday following a report of a surprise dip in U.S. inventories and the potential for more exports in an oil market which still suffers from ballooning oversupply. Front-month U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading at $36.38 per barrel at 0340 GMT, up 24 cents from their last settlement. Brent crude earlier traded as low as $36.28 a barrel, briefly flipping WTI from a long-standing discount into a slight premium over the international benchmark for the first time since a short period in November 2014. Brent edged back to $36.44 by 0340 GMT. Except for November last year, WTI has traded at a discount to Brent since 2010. Spreads for contracts delivered further into 2016 CL-LCO8=R CL-LCO3=R have already seen a WTI premium over Brent for much of December. Prior to 2010, WTI was usually at a premium to Brent as the U.S. shale oil boom had yet to kick off, meaning that the world's biggest oil consumer had higher crude and fuel imports. More»
Amwal Al Ghad English - 2015-12-23 07:24:29
Asia shares pushed ahead on Wednesday following a rally on Wall Street, while major currencies entered a holiday lull and oil strove to sustain a modest bounce from multi-year lows. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS firmed 0.6 percent to the highest in almost two weeks. Australia's main index rose 0.5 percent, while South Korea .KS11 added 0.3 percent. For European markets, IG tipped an opening gain of 51 points for Britain's FTSE 100 .FTSE, 83 points for Germany's DAX .GDAXI and 35 points for France's CAC 40 .FCHI. Already shallow liquidity was drained further by the absence of Tokyo for the Emperor's Birthday, while on Thursday a host of markets globally will be either shut or closing early. The data cupboard was also bare for Asia, leaving investors waiting on a hefty helping of U.S. figures covering personal incomes and spending, inflation and durable goods orders. Some of that came early as the Bureau of Economic Analysis inadvertently released figures on U.S. personal consumption. As it was, the monthly increase of 0.3 percent was in line with forecasts and had no obvious impact on markets in Asia. More»
Amwal Al Ghad English - 2015-12-22 08:07:03
The dollar steadied against the euro on Tuesday after dipping against the common currency on an inconclusive Spanish election result, while traders looked ahead to U.S. data for direction. The euro was steady at $1.0914 EUR=, having risen about 0.4 percent overnight on short covering after Sunday's national election in Spain. The gains were limited as no party won a clear mandate to govern, raising concerns about economic reforms in the euro zone's fourth-largest economy. "It was relatively easy for the euro to rise since there are not many participants in the market," said Daisuke Karakama, a market economist at Mizuho Bank in Tokyo. "Furthermore, Spain has a current account surplus and its government debt-to-GDP ratio is expected to decline, so it will not become a Greece overnight even if anti-austerity parties take power," he said. The dollar inched up 0.1 percent to 121.275 yen JPY=, having spent the previous day in a narrow range of 121.16-121.50. The approaching holiday season that will shut much of the world's key financial markets limited activity and kept currencies bound in tight ranges. More»