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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 - Indices news

Amwal Al Ghad English - 2014-10-22 08:28:44
The euro flirted with one-week lows on Wednesday following a Reuters report that the European Central Bank is considering buying corporate bonds, while a recovery in risk appetite underpinned the dollar against the yen. The euro EUR= briefly fell to $1.2706 its lowest level since Thursday and last stood at $1.2723, little changed from late U.S. levels but still lethargic after 0.7 percent fall on Tuesday. Several sources told Reuters the ECB is considering buying corporate bonds on the secondary market and may make a final decision as soon as December with a view to begin buying the bonds early next year.   The move, if realized, would expand the private-sector asset-buying program the ECB began on Monday, which is aimed at fostering lending to businesses in the hope of spurring growth. "It seems like quantitative easing by the ECB is within sight," said a trader at a Japanese bank. More»
Amwal Al Ghad English - 2014-10-20 07:47:18
The dollar gained on Monday after upbeat data restored some calm to the financial markets, prompting equities to rally back from deep losses and triggering a rise in Treasury yields. The greenback got a further lift against the yen after reports that Japan's $1.2 trillion Government Pension Investment Fund (GPIF) could boost foreign asset holdings, seen spurring demand for foreign currencies. The dollar was up 0.4 percent at 107.345 yen, pulling further away from a five-week low of 105.195 hit the previous week.  The U.S. currency hit a six-year high at the start of this month, poking above 110 yen - a level at which nearly half of Japanese firms think the government should start defending it, according to a Reuters poll. "The dollar could extend its gains to the mid-107 yen level if equity market sentiment in Asia and Europe improve," said Masafumi Yamamoto, a market strategist for Praevidentia Strategy in Tokyo. "The GPIF news is also rare as it touches on figures related to foreign asset allocations and could be leading to further selling of the yen." More»
Amwal Al Ghad English - 2014-10-18 08:07:36
Rolls-Royce Holdings Plc (RR/) said sales will decline this year and could fall again in 2015 as a worsening economic situation prompts clients to delay orders and sanctions over the Ukraine crisis stall Russian contracts. Shares of London-based Rolls-Royce fell as much as 16 percent as the world’s second-biggest maker of aircraft engines said revenue will drop by between 3.5 and 4 percent in 2014, with free cash flow dwindling to about 350 million pounds ($564 million), or less than half the figure previously anticipated. Today’s forecast-downgrade is the second at Rolls this year after the company said in February that lower demand for defense equipment meant annual sales would fail to grow for the first time in a decade. The latest warning comes as international sanctions block diesel-engine exports to Russia from a German unit and the global economy shows signs of a reversal. “Everywhere you look you see signs of economic deterioration,” Chief Executive Officer John Rishton said on a conference call. “Whether it’s the oil price reduction, a 40 percent fall in iron ore, the euro, a slowdown in China, a cutback in expenditures by oil and gas companies, a slowdown in growth in South America -- it’s everywhere.” More»
Amwal Al Ghad English - 2014-10-16 08:19:50
French supermarket giant Carrefour SA (CA.FR, CRRFY) on Thursday said third-quarter sales slipped 0.1% because of weaker currencies in Latin America and lower fuel prices in France. Third-quarter sales fell to 21.08 billion euros ($27 billion) from EUR21.1 billion a year earlier. Excluding the foreign-currency effect and fuel-price fluctuation, sales rose 2.8%, the retailer said. Carrefour reported its seventh consecutive quarter of organic growth, Carrefour's Chief Financial Officer Pierre-Jean Sivignon told reporters in a conference call. Sales in France, which account for nearly half its total sales, fell 1.1% to EUR10.04 billion, mainly due to cheaper fuel. Excluding the effect of fuel prices, sales in France rose 0.2%. The performance is notable since the poor weather in Europe during the summer and low inflation had an adverse effect on the company's sales. Mr. Sivignon reiterated that the market consensus for operating profit at EUR2.38 billion for 2014 is "reasonable." More»
Amwal Al Ghad English - 2014-10-16 08:15:35
It’s bottom-feeding time for oil stocks, although caution is in order: We may not yet be at an actual bottom for oil prices. The worst-performing S&P Composite 1500 subsector this year has been Oil & Gas Drilling, down 22% through Tuesday, according to FactSet. The Oil & Gas Equipment and Services sector hasn’t fared much better, with a drop of 17%. Oil prices have been hit especially hard recently, with Brent crude oil for November delivery down 2% Wednesday to $84.03 a barrel just after 4 p.m. Eastern time. Brent crude has slumped 24% this year. Investors are seeing value after some oil stocks plunged 50% or more this year. Here are the 10 S&P 1500 stocks in the Oil & Gas production and Oilfield Services/Equipment subsectors that rose 7% or more Wednesday: More»
Amwal Al Ghad English - 2014-10-16 07:44:22
The dollar was sharply lower on Thursday, its appeal deeply dented after poor U.S. data added to growth concerns that sent equities tumbling and Treasury yields plunging. Already on shaky ground after being buffeted by growth concerns over the past few sessions, a string of downbeat economic data including weak retail sales and manufacturing activity numbers dealt Wall Street a fresh blow overnight, sending the S&P 500 .SPX down by as much as 4.4 percent at one point. Safe-haven U.S. Treasuries rallied in response, with the poor data further diminishing prospects for an early rate hike by the Federal Reserve. The benchmark 10-year yield US10YT=RR momentarily sliced below the 2 percent threshold to a 17-month trough. The dollar fell to a five-week trough against the yen and a three-week low versus the euro as yields slid. The greenback came off lows as Treasury yields partially retraced their decline, although bargain hunters were half-hearted in their bids. "There are those out there buying the dollar on dips, but it is difficult for them to commit themselves unless U.S. equities first recover and stop the decline in Treasury yields," said Junichi Ishikawa, a market strategist at IG Securities. More»
Amwal Al Ghad English - 2014-10-15 07:57:43
The euro wallowed on Wednesday after disappointing data out of Europe knocked the single currency, lifting the dollar index to a one-week high. Adding to the gloom, China's inflation rate slowed more than expected in September to a near five-year low, heightening concerns that global growth is cooling and raising the pressure on governments to take bolder measures to shore up their economies. The dollar also gained on the yen, whose status as a perennial safe-haven favorite is gradually fading. "It's a different scenario than it was before, when the yen usually gained in risk-off environments on safe-haven bids," said Ayako Sera, senior market strategist at Sumitomo Mitsui Trust Bank in Tokyo. Higher import costs resulting from a weaker currency has in turn eroded Japan's balance of trade, further undermining the yen. Japanese Economics Minister Akira Amari said in parliament on Wednesday that the government is not pursuing a policy to intentionally weaken the yen, and that it is necessary to monitor any negative impact from rising import prices. More»
Amwal Al Ghad English - 2014-10-14 07:33:14
The dollar probed recent lows on Tuesday as risk aversion amid the fall in global equities favored peers such as the yen, with uncertain timing about the Federal Reserve's interest rate hike further undermining the U.S. currency's appeal. The dollar index .DXY was down 0.2 percent at 85.332, well below the four-year high of 86.746 struck earlier this month when a Fed rate hike in the near term seemed more likely. The dollar crawled up 0.2 percent to 107.095, but remained in close range of a one-month low of 106.76 hit earlier in the session.The greenback suffered a heavy blow overnight against the safe-haven yen as Wall Street took large hits, with the S&P 500 .SPX sliding to a five-month low. Weak signals from Germany, the euro zone's largest economy, and signs of uneven growth in China have contributed to recent global growth concerns. Global equities slid in the face of these concerns, with the widening Ebola epidemic further undermining risk sentiment. More»
Amwal Al Ghad English - 2014-10-13 08:04:59
The dollar fell to a one-month low against the yen on Monday, as heightened worries about the health of the global economy continued to shore up the safe-haven Japanese currency. The dollar also slipped versus the euro and the Australian dollar in choppy, holiday-thinned trade. The greenback struggled to gain traction in the wake of its broad drop last week after the dovish-leaning minutes of the U.S. Federal Reserve's September meeting prompted the market to push back the expected timing of a Fed rate hike.Contributing to the dollar's recent decline against the low-yielding yen have been worries about global growth, which have reduced risk appetites and triggered a broad selloff in equities. A drop in U.S. equities futures on Monday provided broad support for the yen, said Jeffrey Halley, FX trader for Saxo Capital Markets in Singapore. "It's definitely a risk-off move and we will have reduced liquidity with the U.S. and Japan on holiday today," Halley said. More»
Amwal Al Ghad English - 2014-10-11 08:01:56
The dollar firmed for a second straight session on Friday after three consecutive days of losses, bolstered by safe-haven bids on worries about the health of the global economy with slow-downs evident in Europe, Japan, and China. "Dollar strength is still on the table here going forward and the driver behind that is policy divergence," said Andrew Dilz, currency strategist at Tempus Consulting in Washington. "We're seeing a rate hike in the United States by the second half of the year. At the same time, we're seeing fractures elsewhere in economic growth such as Europe." The dollar index, however, a measure of the greenback's value against a basket of major currencies, ended the week on a negative note, its first in 13 weeks. The index also posted its largest weekly fall in six months. In late trading, the dollar index .DXY was up 0.5 percent on the day at 85.842. "If the dollar stays stronger for a longer, it keeps inflation down and helps the Federal Reserve to keep rates low longer," said Jack Flaherty, portfolio manager for the GAM Unconstrained Bond Fund of about $17 billion, in New York. More»