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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        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        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        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        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        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 - 2014-05-26 07:27:24
The table below shows the exchange rates of the Arab and foreign currencies against the Egyptian pound on early Monday: More»
Amwal Al Ghad English - 2014-05-25 08:14:13
The table below shows the exchange rates of the Arab and foreign currencies against the Egyptian pound on early Sunday: More»
Amwal Al Ghad English - 2014-05-22 08:41:27
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 - 2014-05-21 07:44:01
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 - 2014-05-20 08:08:14
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 - 2014-05-19 07:55:45
Bank of America has forecast continued depreciation for the Egyptian pound for the near-term, after the currency lost about 0.7% of its value following the Central Bank of Egypt’s (CBE) recent foreign exchange auction. The CBE held an “exceptional auction” on Wednesday through which banks were offered to purchase USD 1 bln from the country’s foreign reserves, which stood at USD 17.48 bln in April, in an attempt to meet clients’ import needs of food commodities. Before the auctions’ operations, the CBE’s official price of selling USD 1 recorded EGP 7.083; however, it has depreciated to register EGP 7.14 against dollar on Thursday. In a report published on 15 May, Bank of America explained that the move was “surprising” because the CBE usually holds the foreign exchange exceptional auctions after the influx of Gulf aid, the report stated. In January, the CBE sold $1.5bn in a similar exceptional auction, USD 1.3 bln last September, USD 600 m in April and USD 800 m in May 2013. “The surprisingly sharp recent moves in EGP suggest that the CBE is finding an opportune window to manage a gradual depreciation and leave itself some breathing room if the coming election period is more volatile than expected,” the report said. Announcement of further material aid after the presidential elections, scheduled to take place on 26 May, is needed to support the EGP, the bank said. Financial assistance from Saudi Arabia, Kuwait and the United Arab Emirates was pledged to Egypt following the ouster of former President Mohamed Morsi in July. The three Gulf countries pledged a total aid of $12bn in the form of cash grants, deposits and petroleum products to help support the Egyptian economy. More»
Amwal Al Ghad English - 2014-05-14 09:07:16
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 - 2014-05-13 09:06:28
The dollar fell against the British pound Monday as investors looked ahead to two key U.K. data reports due Wednesday that could determine if the pound takes another run higher to the $1.70 level. On Wednesday, the U.K. unemployment rate is expected to tick down to 6.8% from 6.9% for the three months ended March, which would provide more evidence that the labor market is improving. The Bank of England’s inflation report for May, also due Wednesday, could shed light on how much spare capacity the bank thinks is left in the economy, a metric used by the bank in assessing the future path of its interest rates. Read more: Key U.K., euro zone data this week “If the employment data do improve as we expect, we think that could be the larger driver of sterling this week as the market continues to romance the idea that the Bank of England could be the first to tighten” among G4 central banks, said Brian Daingerfield, a foreign-exchange strategist at RBS. The G4 central banks are those in the euro zone, Japan, U.K., and U.S. The British pound GBPUSD -0.05%  rose to $1.6869 from $1.6848 late Friday. Data showing an improvement in employment could lead to a run on $1.70, said Daingerfield. Comments from European Central Bank officials about the potential for further easing in June continued to attract attention on Monday. ECB President Mario Draghi last week said he would be “comfortable” taking action next month, if needed. His comments, which led to euro losses, came during a news conference after the central bank released a decision announcing no change in interest rates. “Having led us up the garden path this far, it would be disastrous if they didn’t deliver on a rate cut,” said Shaun Osborne, chief FX strategist at TD Securities, referring to ECB officials. ECB Vice President Vitor Constancio reiterated Monday that any monetary policy decision would hinge on expectations for inflation in the medium term. The ECB targets inflation of just under 2% in the medium term and new staff forecasts will be published at the ECB’s June meeting. Ewald Nowotny, a member of the ECB’s governing council, said Monday a cut in interest rates won’t be enough to fight the region’s low inflation, according to Reuters. The euro EURUSD -0.03%  was at $1.3758 versus $1.3755 late Friday. A decline below its 100-day moving average of $1.3740 could push the euro to levels last seen in early April, said Osborne. The ICE dollar index DXY +0.01% , which pits the dollar against six other currencies, was at 79.890 versus 79.878 late Friday. The WSJ Dollar Index XX:BUXX +0.05% , which measures the dollar against a wider basket of currencies, was at 72.89 compared with 72.85. The report for U.S. retail sales in April is due at 8:30 a.m. Eastern on Tuesday. The dollar USDJPY +0.20%  rose to 102.13 Japanese yen from ¥101.81 late Friday. The dollar-yen moved higher in line with a rise in U.S. Treasury yields, said Osborne of TD Securities. The Australian dollar AUDUSD -0.23%  rose to 93.61 U.S. cents from 93.58 U.S. cents. More»
Amwal Al Ghad English - 2014-05-10 09:41:59
Gold settled slightly lower on Friday, logging its second straight weekly loss as the dollar took support from euro weakness and traders awaited further news on Ukraine. The dollar extended gains against the single currency after posting its biggest one-day rise since mid-March on Thursday, as investors positioned for more monetary stimulus from the European Central Bank. Name Price Change %Change Volume GOLD Gold (Jun'14) 1287.60   -0.10 -0.01% 103984 GOLD/USD Gold / US Dollar Spot 1289.02   0.19 0.01% --- SILV/USD Silver / US Dollar Spot 19.11   0.01 0.05% --- SILVER Silver (May'14) 19.077   -0.017 -0.09% 14 PALL/USD Palladium / US Dollar Spot 797.38   -0.22 -0.03% --- PLAT/USD Platinum / US Dollar Spot 1422.62   0.82 0.06% --- Gold is still searching for direction as concerns over the stand-off between Russia and the West over Ukraine abated, and Federal Reserve Chair Janet Yellen held pat on U.S. monetary policy. U.S. gold futures for June delivery ended 10 cents lower at $1,287.60 an ounce, down 1 percent on the week. Meanwhile, spot gold dropped 0.1 percent to $1,288 an ounce. ECB President Mario Draghi said on Thursday that the bank was ready to take action next month to boost the euro zone economy if updated inflation forecasts merited such a move. "Our European economists are now calling for the ECB to cut rates across the whole interest rate corridor in June by 15 bps,'' UBS said in a note. "For gold, this has a negative read-through, principally through the FX impact.'' "It's one further variable ... that will encourage weaker sentiment towards the yellow metal.'' The metal rallied to three-week highs on Monday on the back of elevated tensions in Ukraine, but it failed to maintain those gains after Russian President Vladimir Putin said he was willing to negotiate with European officials over the crisis. Gold premiums in India, the world's second-biggest bullion consumer, slipped this week as demand eased on expectations of a relaxation in import curbs. Dealers across other parts of Asia also said demand was much lower than last year. Interest in gold was muted overnight in Asia, the leading market for physical gold. More»
Amwal Al Ghad English - 2014-05-10 09:41:55
The euro slid further in early trade in Europe on Friday after strong words from European Central Bank chief Mario Draghi that halted its march this year to a 2-1/2 year high. Draghi said after the bank's policy meeting on Thursday that the euro's strength was "a serious concern" and that the ECB bank was "comfortable" with taking more action to support growth and raise inflation at its June meeting. This sent the euro down sharply. But many strategists and traders in London cast doubt on whether it was enough to put a definitive end to the trend for a stronger euro that has dominated major currency markets so far this year. "Draghi's comments have possibly changed the situation for a while but I'm not sure it has changed the broader picture," said Neil Mellor, a strategist with Bank of New York Mellon in London. He argued that the shopping list of factors that have driven the single currency's gains were all still in place: a high current account surplus, banks repatriating of cash ahead of this year's asset review, a return of cash to southern euro zone government bond markets and the weakening of China's yuan and resulting sales of dollars for euros by Beijing. Read MoreWill the ECB's euro bashing work? "It might be that the market will take some more profit (on the euro's rise) here but I would not be very surprised if come the end of next week the euro was taking another pop at the $1.40 level," Mellor said. The euro fell another 0.1 percent compared with the end of U.S. trading on Thursday. That took it back to where it was at the end of last week and in general it remains near the top of the ranges that have so concerned ECB policymakers in the past two months. It hit a peak of $1.3995 on Thursday before Draghi's comments, its highest since October 2011. "The debate shifts to what measures the ECB will take and that will be enough to cap the topside of the euro," analysts from Belgian bank KBC said in a morning note. "So, we now look (at) whether Draghi's guidance has enough credibility to install a sell-on-upticks pattern for the euro." Dollar steady elsewhere If the euro's strength has been this year's big surprise for markets, then it is largely in the context of the dollar's failure to make good on the raft of calls in January for it to strengthen. Against the yen the dollar was little changed at 101.70 yen , still not far from a three-week low of 101.43 yen set on Wednesday. Likewise, sterling held steady at $1.6926 within striking distance of $1.70 - a level it has not broken since August 2009. Read MoreThe declining dollar: Why everyone got it wrong For the week, the greenback is down 0.5 percent against the yen, weighed down by persistently dovish comments from the Federal Reserve and low U.S. Treasury yields. "If you ask whether dollar/yen is going to head higher or lower, I think downside risks are increasing," said Satoshi Okagawa, senior global markets analyst for Sumitomo Mitsui Banking Corporation in Singapore, adding that the greenback could head gradually lower against the yen. Simmering tensions in the Ukraine have also supported the safe-haven yen currency and the market kept an eye on a May 11 separatist referendum. Pro-Russian separatists voted unanimously on Thursday in favour of holding a referendum on independence, defying calls by Russian President Vladimir Putin to postpone the vote to open the way for talks with the Kiev authorities. The Australian dollar eased 0.1 percent to $0.9364, edging away from a three-week high of $0.9395 hit on Thursday, when it gained a lift from upbeat Australian and Chinese economic data. More»