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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        

The Watch - forex news

Amwal Al Ghad English - 2014-03-06 16:10:50
The euro jumped on Thursday after the European Central Bank left interest rates unchanged on Thursday, holding its nerve in the face of uncomfortably low inflation though it could still unleash other measures to pep up a fragile euro zone recovery. Although inflation remains under 1 percent, the central bank said it expects a "gradual upward movement" in inflation in the medium-term, though expectations "continue to be firmly anchored." Ahead of the decision, the market was split 50-50 on the chances of that happening, a decision to do nothing can also be expected to send the currency the other way. The euro last rose half a cent above $1.38. The Australian dollar spiked to a nine-day high after upbeat retail sales and trade data. It has gained 3.5 percent since bottoming out in January after a sustained campaign by the Reserve Bank to weaken the currency. Major currency markets have been pretty resistant to the geopolitical tensions stemming from a standoff between Russia and Ukraine but another day of relative quiet in the Crimea helped both the euro and dollar gain against the yen. The dollar rose to 102.74 yen in early European trade and the euro to 141.04, both up almost half a percent.   Price   Change %Change =USD 79.74   -0.37 -0.46% EUR/USD 1.3839   0.0107 0.78% AUD/USD 0.9074   0.0089 0.99% JPY/USD 0.9701   -0.0073 -0.75% CHFUSD 1.1343   0.0073 0.65% GBP/USD 1.6722   0.0001 0.01% The dollar rose to above 103 yen in early European trade and the euro traded under 142, both up about half a percent. The U.S. dollar index climbed to its highest for the week at 81.00. More»
Amwal Al Ghad English - 2014-03-06 09:27:44
The table below shows the exchange rates of the Arab and foreign currencies against the Egyptian pound on early Thursday: More»
Amwal Al Ghad English - 2014-03-05 15:39:10
Gold was little changed on Wednesday as demand for safe assets cooled on easing fears of imminent military action by Russia in Ukraine, and traders waited for anew series of U.S. data for clues on the strength of the economy. The United States and Russia will hold talks over Ukraine on Wednesday.   Name Price   Change %Change Volume GOLD Gold (Apr'14) 1337.70   -0.20 -0.01% 59032 GOLD/USD Gold / US Dollar Spot 1337.65   3.15 0.24% --- SILV/USD Silver / US Dollar Spot 21.21   0.07 0.33% --- SILVER Silver (May'14) 21.25   0.028 0.13% 15915 PALL/USD Palladium / US Dollar Spot 770.25   10.95 1.44% --- PLAT/USD Platinum / US Dollar Spot 1483.74   28.14 1.93% --- "If you have a stabilization in Ukraine and U.S. data start showing consistent signs of improvement, I think we could quickly go back below $1,300," ABN Amro analyst Georgette Boele said. Bullion turned marginally positive after data showed U.S. private payrolls creationcame in less than expected in February, the latest data series bitten by frigid weather. Spot gold was up 0.3 percent near $1,338 an ounce, after dropping 1.2 percent on Tuesday. It hit its highest since Oct. 30 at $1,354.80 on Monday after news of escalating tensions in Ukraine hurt stock markets. U.S. gold futures for April delivery were modestly weaker near $1,337. In times of economic and geopolitical uncertainty, gold is seen as an alternative investment to assets perceived as riskier. A U.S. nonfarm payrolls report on Friday should give investors a further opportunity to assess its potential implications for the Federal Reserve's plan to unwind its stimulus program. Bullion has climbed 11 percent in 2014 after last year's 28-percent price drop, as a spate of soft economic data from the United States and China drew investors back to the metal. More»
Amwal Al Ghad English - 2014-03-05 15:39:06
The safe-haven yen extended its losses against the dollar and euro on Wednesday as concerns over the standoff between Russia and Ukraine eased somewhat. Markets will still be keeping a close eye on developments in the region after Russia test-fired an intercontinental ballistic missile from a base not far from the east of Ukraine to a range in Kazakhstan. But for now, traders are shifting their sights to a raft of data. The greenback strengthened after ADP showed the private sector created only a modest amount of jobs, amid brutal winter weather. The report presaged the more important nonfarm payrolls data in February. The euro was up 0.2 percent at 141 yen after gaining 0.8 percent on Tuesday, while the dollar was up 0.4 percent over 102 yen after rising 0.8 percent on Tuesday - its biggest one-day gain since mid-January. It was flat against the Swiss franc near 0.89 francs. "While the market remains vulnerable to the game of brinkmanship between the West and Russia over the situation in Ukraine, it seems that the markets will need a dose of good data to hold up," said Jeremy Stretch, currency strategist at CIBC World Markets. Demand for safety faded on Tuesday after Russian President Vladimir Putin played down the prospect of a war in Ukraine, but market players remained on watch. "I think there's obviously hesitancy to take bigger positions here," said Mitul Kotecha, Hong Kong-based head of global foreign exchange strategy for Credit Agricole. "There is still a wait-and-see attitude. There's been some relief, but I don't think the market's convinced that this is a sustained relief," he added. Russian stock markets fell nearly 2 percent on Wednesday, bucking Wall Street's trend, which also kept alive interest in safe-haven currencies. Euro choppy before ECB The euro eased 0.2 percent to near $1.37, having retreated from Friday's two-month high around $1.3825. Investors preferred to stay away from the euro given the risk that the European Central Bank could loosen monetary policy at Thursday's review. With inflation running well below the ECB's target of just under 2 percent, the central bank is under pressure to do more to drag inflation out of a "danger zone" that threatens to stagnate the region's fragile recovery.   Price   Change %Change =USD 80.10   -0.03 -0.04% EUR/USD 1.3735   -0.0007 -0.05% AUD/USD 0.8985   0.0036 0.40% JPY/USD 0.9767   -0.0016 -0.16% CHFUSD 1.1266 --- UNCH 0% GBP/USD 1.6736   0.0074 0.44% On Wednesday, investors will eye January retail sales and services sector surveys, but CIBC's Stretch added that any move above $1.37 by the would be sold. "I do not think the market has priced in the risk of ECB action fully," he added. Indeed, overnight euro/dollar implied volatility, a gauge of how sharp currency swings will be, jumped to 11.50 percent from around 5 percent at the start of the week. The start of China's annual parliament meeting offered no major surprises, and major currencies showed little reaction. China announced on Wednesday it would maintain its economic growth target for 2014 at about 7.5 percent signalling that its policy focus would be slanted in favor of reforms and re-balancing the economy. More»
Amwal Al Ghad English - 2014-03-05 15:39:13
Brent crude oil futures fell for the second straight session on Wednesday, dropping below $109 a barrel on an easing of fears that Russia's incursion into Ukraine could lead to war. Brent is now more than $3 below a two-month high hit at the start of the week following Russia's seizure of Ukraine's autonomous Crimea region, with prices having retraced all the gains seen on Monday. U.S. crude for April delivery was down 40 cents near $103, after falling $1.59 on Tuesday. The U.S. contract hit its highest since Sept. 20 on Monday at $105.22. Its discount to Brent narrowed to as little as $5.59 on Wednesday, the smallest gap since October. April Brent was down 70 cents under $109 a barrel, after ending $1.90 lower in the previous session. The contract hit $112.39 a barrel on Monday, its highest since Dec. 30. Crude held losses after data showed private payroll growth was less than expected in February. Russian President Vladimir Putin pulled back troops from the Ukraine border on Tuesday,saying he would use force only as a "last resort". Russia is the world's largest crude producer and supplies a third of Europe's gas. Tensions remain elevated, however, with the Interfax news agency reporting Russian forces had seized two Ukrainian missile defence battalions in the Crimea region on Wednesday. The Ukrainian Defence Ministry was unable to comment immediately on the report. The American Petroleum Institute's weekly report on U.S. oil stocks showed a 2.6-million-barrel drop at Cushing. Stocks at Cushing have fallen more than 20 percent since the end of January, boosting U.S. crude prices as new pipeline projects help reduce a glut in the Midwest created by the U.S. shale oil production boom. The Cushing drop overshadowed a 1.2-million-barrel increase in commercial crude oil inventories nationally, which was in line with analyst expectations. More»
Amwal Al Ghad English - 2014-03-05 09:30:26
The table below shows the exchange rates of the Arab and foreign currencies against the Egyptian pound on early Wednesday: More»
Amwal Al Ghad English - 2014-03-04 16:14:19
Gold prices fell 1 percent on Tuesday, retreating from the previous day's four-month high, after President Vladimir Putin ordered troops involved in a military exercise in western Russia back to base, easing fears of war in Ukraine. The precious metal rallied nearly 2 percent on Monday as the threat of escalating tensions in Ukraine's Crimea region spurred investors to seek refuge in bullion and government debt. Crude oil futures climbed while stock markets plunged.  NamePrice Change%ChangeVolumeGOLDGold (Apr'14)1337.70 -12.60-0.93%101206GOLD/USDGold / US Dollar Spot1337.30 -12.99-0.96%---SILV/USDSilver / US Dollar Spot21.14 -0.24-1.12%---SILVERSilver (May'14)21.22 -0.265-1.23%32323PALL/USDPalladium / US Dollar Spot759.00 13.001.74%---PLAT/USDPlatinum / US Dollar Spot1458.24 3.740.26%--- Those moves went into reverse early on Tuesday, with world shares and hard-hit Russian assets recovering some lost ground as immediate tensions in the East-West crisis over Ukraine abated. There was no word, however, on Russian forces that have effectively occupied much of Crimea, and financial assets failed to retrace the entirety of the sharp moves seen globally on Monday. Spot gold was down more than 1 percent at $1,336 an ounce. U.S. gold futuresfor April delivery were down $14 an ounce at $1,336. Gold remains up nearly 1 percent this week, having reached its highest since Oct. 30 on Monday at $1,354.80 an ounce. However, its gains could be vulnerable to economic data releases later this week, VTB Capital analyst Andrey Kryuchenkov said, including ADP jobs figures on Wednesday, a statement from the European Central Bank on Thursday, and U.S. non farm payrolls on Friday. More»
Amwal Al Ghad English - 2014-03-04 16:14:16
The dollar and the euro rose against the yen on Tuesday, helped by signs Russia may be seeking to avoid further escalation of its military involvement in Ukraine. The euro had fallen sharply against the yen after Western powers threatened steps over the weekend to isolate Russia economically, raising a host of risks for Western Europe and the global economy. But a sell-off in the rouble and Russian assets halted on Tuesday, and investors pulled money out of the perceived safety of the yen, helped by Russian President Vladimir Putin's ordering some troops in Russia back to base. Russia remains in control of Ukraine's Crimea region, however, and some in currency markets have said an extended saga will prompt volatile trading for weeks to come. The euro and the dollar both gained around half a percent against the yen respectively to 140.16 and 101.86 . The euro rose just over 0.2 percent to just below $1.38. The Swiss franc, also seen as a safe haven, retreated from its strongest in a year against the euro, trading near 1.22 francs compared to the Swiss National Bank's cap of 1.20.     Price   Change %Change =USD 80.12   0.06 0.07% EUR/USD 1.3742   0.0008 0.06% AUD/USD 0.8947   0.0011 0.12% JPY/USD 0.9788   -0.0067 -0.68% CHFUSD 1.128   -0.0042 -0.37% GBP/USD 1.6673   0.0008 0.05% The Australian dollar was the other big mover, handing back most of its gains on the improved global mood after another message of concern from the country's central bank over the currency's strength. The Reserve Bank of Australia, which triggered a 2 percent surge for the Aussie by backing off its demands for a weaker currency in January, said its dollar was still "high by historical standards". Many analysts say the Aussie, one of the big losers among major currencies late last year, should eventually ease back to around $0.84-0.85. It traded nearly 0.2 percent higher in early European trade just above $0.89. Rates, payrolls Traders were also looking ahead to major economic events later this week. Opinion remains deeply divided as to the European Central Bank's likely course of action at a policy meeting on Thursday. A higher than expected inflation number last Friday prompted many to pare bets on outright easing of interest rates but that is not the only action the bank can take. An ECB source told Reuters there would be unanimous agreement to end so-called sterilization of the bank's bond purchases under the bank's Securities Markets Program. UBS is also among the many banks predicting a stronger dollar this year. That move has so far failed to materialize, largely thanks to a halt in the flow of improving U.S. data. Most put that down to extremely harsh winter weather, however, and non-farm payrolls data on Friday is seen unveiling a more bullish increase of 150,000 jobs in February. More»
Amwal Al Ghad English - 2014-03-04 09:32:22
The table below shows the exchange rates of the Arab and foreign currencies against the Egyptian pound on early Tuesday: More»
Amwal Al Ghad English - 2014-03-03 09:02:12
The table below shows the exchange rates of the Arab and foreign currencies against the Egyptian pound on early Monday: More»