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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        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        Egyptians Housing Development    1.94        United Arab Shipping   0.43        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        

The Watch - forex news

Amwal Al Ghad English - 2014-04-01 16:16:45
Gold prices fell on Tuesday, revisiting earlier session lows after bargain-hunting was squashed by constructive U.S. manufacturing data that supported the case for a recovery. On Monday, comments from Federal Reserve Chair Janet Yellen defending easy-money policies hurt the dollar, which helped bullion pull back from a drop to seven-week lows. That sparked interest from bargain-hunting buyers. However, two separate reports showed the U.S. manufacturing sector continued to expand at a steady pace, which dampened buying interest once again. Spot gold fell 0.2 percent at $1,281 an ounce, while U.S. gold futures for June delivery were down 0.3 percent at $1,280 an ounce.   Name Price   Change %Change Volume GOLD Gold (Jun'14) 1280.40   -3.40 -0.26% 85193 GOLD/USD Gold / US Dollar Spot 1279.80   -3.84 -0.30% --- SILV/USD Silver / US Dollar Spot 19.73   0.02 0.10% --- SILVER Silver (May'14) 19.77   0.018 0.09% 19553 PALL/USD Palladium / US Dollar Spot 776.75   4.85 0.63% --- PLAT/USD Platinum / US Dollar Spot 1421.00   11.80 0.84% --- The metal fell to a low of $1,278.34 an ounce in Asian trade as stocks rallied on the back of Yellen's comments, which reassured investors that the bank would maintain monetary support for the U.S. economy. Such comments would usually lift gold, which has benefited in recent years from the low interest rates and concerns over inflation sparked by the Fed's ultra-loose monetary policy. The dollar retreated, stock markets rose in Europe and Asian shares hit a four-month high on Tuesday after Yellen's comments and China's official PMI survey, which showed the manufacturing sector managed to continue expanding in March. Gold, which is priced in dollars, tends to take support from weakness in the U.S. currency. Traders are now looking ahead to significant events for currencies and gold later this week, including the outcome of the latest European Central Bank governing council meeting on Thursday, and Friday's U.S. non-farm payrolls data. More»
Amwal Al Ghad English - 2014-04-01 16:01:30
The yen eased on Tuesday as Japan's sales tax rose, although the dollar weakened after the head of the Federal Reserve defended the central bank's loose policy and highlighted slack in the economy. The dollar index slipped near 80.06, off a two-week high on Monday just below 80.30. Against the yen, the dollar inched up over 103 yen, close to the three-week high of 103.44 yen struck a day earlier, although it underperformed the euro, which posted sizable gains against the yen. Japan's Tankan survey was a slight disappointment and raised doubts about whether activity will continue to improve this year. It will keep alive expectations the Bank of Japan may ease policy further if the pain from the sales tax hike proves worse than expected, analysts said.   Price   Change %Change USD/JPY --- EUR/JPY --- AUD/USD --- USD/CNY --- USD/SGD --- NZD/USD --- USD/HKD --- USD/INR --- AUD/USD --- In a fresh setback for dollar bulls, though, Fed chair Janet Yellen said on Monday that "considerable" slack still existed in the U.S. jobs market and that further monetary stimulus could be effective. Her comments somewhat countered those made last month, when she suggested the possibility of rate hikes from early 2015. Still, with the Fed on track to withdraw monetary stimulus, any further easing by the BoJ is expected to weigh on the yen, said Jane Foley, senior currency strategist at Rabobank. Indeed, traders said there was plenty of demand for options betting on gains by the dollar in coming months. Commodity Currencies Rise Improving risk sentiment, partly on hopes of fresh stimulus from China, the world's second-largest economy, have also weighed on the Japanese currency of late. The yen is sought during times of uncertainty and financial market stress. In particular, the yen has fallen sharply against higher-yielding commodity currencies. The New Zealand dollar reached a fresh six-year high of 89.90 yen on Tuesday, after rallying 3.6 percent in the first quarter. The kiwi has been in demand after the Reserve Bank of New Zealand became the first central bank of a developed country to start normalizing policy this year. The Australian dollar saw some choppy swings. A slight improvement in China's official Purchasing Managers' Index initially helped the Aussie, though a private survey pointed to a contraction in activity in March. The Aussie then extended its gains to reach a four-month high above $0.93 after the Reserve Bank of Australia kept interest rates unchanged at 2.5 percent, as expected. But it quickly gave back those gains after the RBA noted the currency was still high by historical standards. It last stood around $0.92, slightly lower on the day. The euro climbed to almost $1.38, having rebounded from Monday's low just above $1.37 after data showed easing price pressures in the euro zone. Most traders do not expect the European Central Bank to ease policy on Thursday, despite the drop in inflation last month to 0.5 percent. As such the euro was up 0.35 percent against the yen near 143 yen. More»
Amwal Al Ghad English - 2014-04-01 16:07:53
Crude tumbled on Tuesday, as constructive U.S. data wasn't enough to counter lackluster manufacturing data from China and Europe, and the possibility of a jump in supplies from Libya. Activity in China's factory sector edged up in March, according to government data, which economists said was not enough to dispel concerns that the world's second-largest economy slowed more than expected in the first quarter. Growth in euro zone factories also cooled, a business survey showed on Tuesday, and firms have returned to cutting prices in order to drum up business. Brent crude for May delivery was down $1 to under $107 a barrel. U.S. crude for May delivery also fell by $1 to under $101 a barrel, despite encouraging U.S. manufacturing data that showed the sector expanding in March. Rebels in eastern Libya may be close to reopening three oil ports, which accounted for exports of 600,000 barrels per day (bpd) before they were occupied last summer, a leader from the rebels' tribe told state media on Monday. Libya's oil exports have fallen to less than 100,000 bpd from a post-civil war peak of more than 1 million bpd as armed militias and protestors have seized and blocked facilities. The comments were the most optimistic for months and came after the government met a rebel demand to release three of their fighters, but a previous deal to reopen the ports fell through in December. Investors also continued to keep tabs on the Ukraine crisis, which has raised fears of possible supply disruptions from Russia, the world's second-largest oil exporter. More»
Amwal Al Ghad English - 2014-04-01 10:04:26
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 - 2014-03-31 09:24:34
After rising for two straight weeks, U.K. stocks continued to advance on Monday, with resource firms driving the FTSE 100 index higher, while GlaxoSmithKline PLC dropped after disappointing test results. The benchmark UK:UKX +0.41%  rose 0.3% to 6,637.92, on track for a second straight day in positive territory. On the quarter, the FTSE was eyeing a 1.6% decline. Mining firms helped lift the London index, as they rose alongside higher metals prices. Shares of Rio Tinto PLCUK:RIO +2.42%   RIO +2.03%   AU:RIO +0.49% gained 2.3%, Anglo American PLCUK:AAL +2.22%  picked up 2.1%, Antofagasta PLC UK:ANTO +1.13% advanced 1.2% and BHP Billiton PLCUK:BLT +1.00%   BHP +1.19%  AU:BHP +1.11%  rose 1.1%. The sector also experienced reasonable gains last week, after weak data from China spurred speculation Beijing would launch fresh easing measures to boost the economy and avoid a sharp slowdown. On Monday, energy firms also showed positive moves, with shares of BG Group PLC UK:BG +1.22%  1.2% higher and Royal Dutch Shell PLC UK:RDSB +0.69%  RDS.B +1.51% rising 0.8%. Oil prices, however, moved slightly lower, but held above the $101-a-barrel level. On a more downbeat note, shares of GlaxoSmithKline PLC UK:GSK -0.34%  GSK -0.04%  lost 0.8% after the drug maker released disappointing results from a late-stage study of Darapladib, a new heart disease drug. In data news in the U.K., the Bank of England said the number of loan approvals for house purchases was a weaker-than-expected 70,309 in February, compared with an average of 69,563 over the previous six months. More»
Amwal Al Ghad English - 2014-03-31 09:19:40
Gold prices rose cautiously Monday, in an attempt to rebound from the prior week’s decline as a slew of economic reports were poised to make for some volatile sessions throughout the week. Gold for June delivery GCM4 -0.12%  was up $2.80, or 0.2%, to $1,297.10 an ounce. May silver SIK4 +0.51% SIK4 +0.51% SIK4 +0.51% , which had endured a nine-session losing streak until Friday, rose 3 cents to $19.83 an ounce. This week ends with the jobs report, but other notable reports will be sprinkled across the next few days including car sales, initial jobless claims and the ADP jobs number. Last week, gold futures gave up about 3%, closing Friday below $1,300 an ounce as some upbeat economic data helped draw investors back to equities and away from the perceived safe have. Standard Bank’s Walter de Wet says he’s looking for more downside, with his average gold price forecast of $1,180 an ounce in the second quarter. “The positive news is that if the gold price falls far enough, Asia demand will improve and should, as it did last year, provide some support on the downside,” he said. “However, until U.S. monetary policy has normalized, we believe that gold rallies will be short-lived.” Elsewhere in metals trading, April platinum PLJ4 +1.20%  gained $13.90, or 1%, to $1,418.60 an ounce while June palladium PAM4 +0.52%  tacked on $1.15 to $774.85 an ounce. High-grade copper for May delivery HGK4 -0.36%  slipped 1 cent to $3.03 a pound. More»
Amwal Al Ghad English - 2014-03-30 09:36:21
The table below shows the exchange rates of the Arab and foreign currencies against the Egyptian pound on early Sunday:XX More»
Amwal Al Ghad English - 2014-03-26 16:29:43
The euro fell on Wednesday, with investors wary after European Central Bank officials ramped up efforts to talk down the currency, with arguably its most hawkish member hinting at a radical softening of monetary policy. The single currency hit a three-week low on Tuesday after ECB governing council member and Bundesbank chief Jens Weidmann said negative interest rates were an option to temper euro strength. He added that quantitative easing was not out of the question to combat deflation. The euro, which had reached a 2-1/2-year peak against the dollar in mid-March on fading expectations of more ECB easing, was trading just above those three-week lows on Wednesday. Price Change %Change =USD 80.01 0.03 0.04% EUR/USD 1.3803 -0.0022 -0.16% AUD/USD 0.9222 0.0059 0.64% JPY/USD 0.9774 -0.0005 -0.05% CHFUSD 1.1308 -0.0021 -0.19% GBP/USD 1.6577 0.005 0.30% The ECB holds a policy meeting next week but before that traders will await euro zone "flash" inflation data on Monday. Another drop in price pressures could bolster expectations that the ECB may have to act soon. The fact that the Bundesbank was open to buying assets from banks to fight deflation marked an unprecedented softening of the German central bank's strict stance on quantitative easing. That was enough to keep investors away from the euro for now. The euro was trading lower for its second straight day at $1.38, not far from the three-week trough just above $1.37 hit on Tuesday. It was also lower against the yen at 141.25. A growing number of officials have stepped up their rhetoric against a firmer euro as it lowers imported inflation and keeps the risk of deflation alive in the euro zone. ECB Governing Council member Erkki Liikanen said on Monday the bank was keeping a close eye on the euro to see how the exchange rate affected inflation, while European Commission vice-president for industry Antonio Tajani said on Tuesday that at $1.40 the euro was too strong. Slovakia's central bank governor, Jozef Makuch, who also sits on the ECB board, said the currency should weaken by the end of the year. Dollar Climbs With the euro falling, the U.S. dollar index, which measures the dollar against six major currencies, was up about 0.15 percent above 80.05. Analysts said as diverging monetary policy outlooks become a dominant theme in currency markets, the dollar index could outperform in the second quarter. The U.S. two-year bond yield premium over Germany hit a 15-month high on Wednesday. Westpac's Richard Franulovich said in a note that the dollar index could rise towards 82 in the second quarter. Against the yen, the dollar was firmer at 102.35. The yen has been hemmed in a tight range between 102.01 and 102.65, with traders attributing its inertia to dwindling participation from Japanese investors, many of whom may have closed their books before the end of the Japanese fiscal year this month. The Australian dollar traded above $0.92, a four-month high, underpinned by speculation that China will unveil stimulus measures to re-energize its slowing economy. The Aussie is used as a proxy for exposure to growth cycles in China, Australia's key export market. More»
Amwal Al Ghad English - 2014-03-22 08:31:58
The table below shows the exchange rates of the Arab and foreign currencies against the Egyptian pound on early Saturday: More»
Amwal Al Ghad English - 2014-03-22 07:49:51
A three-day dollar rally sputtered out on Friday as world markets adapted to possible shifts in U.S. monetary policy and the euro rose on news of a record monthly euro zone current account surplus. The dollar, whose gains accelerated on Wednesday after the chair of the Federal Reserve hinted that U.S. interest rates may rise sooner than anticipated, eased against other major currencies. The U.S. dollar index .DXY, which measures the dollar against six major currencies, declined 0.12 percent to 80.093, a day after touching a three-week high of 80.354. "We have had a decent correction and we are coming up for air," said David Gilmore, a partner at Foreign Exchange Analytics in Essex, Connecticut. "We've had a modest shift in the Fed's tone, and it's not that dramatic." Fed leader Janet Yellen on Wednesday seemed to suggest the central bank might end sooner than generally expected its low-interest policies, put in place after the global financial crisis. Such a shift would rattle global financial markets. Gilmore said the currency market had misinterpreted Yellen's qualified remarks and overreacted, saying, "I think you will see Yellen and others (at the Fed) try to walk all that back." More»