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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        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        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 - Indices news

Amwal Al Ghad English - 2015-03-26 07:40:56
Brent crude oil shot up nearly 6 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, but the benchmark later came off its high near $60 as importers saw no immediate threat to supplies. The strike against Houthi rebels, who have driven the president from Yemen's capital Sanaa, could stoke concerns about the security of Middle East oil shipments. Oil prices jumped as traders and importers said they were worried the Saudi attack was a sign that fighting in the oil-rich Middle East was spreading and out of control. Brent futures LCOc1 rose as high as $59.71 a barrel, up almost 6 percent since their last settlement, before dipping back to $57.96 a barrel at 0638 GMT, though still up $1.48. U.S. crude CLc1 was up $1.76 at $50.97 a barrel. More»
Amwal Al Ghad English - 2015-03-25 08:44:04
The dollar hovered above a two-week low versus a basket of major currencies on Wednesday, pausing from the recent selloff sparked by doubts over how soon the Federal Reserve may start raising interest rates. Investors had rushed to cut long dollar positions after the Federal Reserve took a dovish tone on interest rates last week, sending the greenback crashing back from multi-year highs. The dollar index last stood at 97.152 .DXY. On Tuesday it had set a two-week low of 96.387, down roughly 4 percent from a near 12-year high of 100.39 struck in mid-March. The euro held steady near $1.0923 EUR=, having backed off from Tuesday's intraday high of $1.10295. "The price action is consistent with our expectation that longer-term oriented market participants will be keen to buy USD above $1.10 and we suspect that underlying flows from euro zone investors will continue to limit scope for EUR rallies," analysts at BNP Paribas wrote in a note to clients. Still, the euro remained well clear of a 12-year trough of $1.0457 set on March 16, having pushed higher against the dollar in the past week after the Fed signaled a more cautious outlook for U.S. economic growth and posited more gradual interest rate hikes. More»
Amwal Al Ghad English - 2015-03-25 08:40:09
Brent crude oil fell on Tuesday as the dollar regained its footing against the euro and fears of global oversupply persisted, while U.S. crude was buoyed by strong domestic economic data. The fall in Brent came after the dollar reversed early losses to rise 0.24 percent against the euro EUR=, making dollar-priced commodities more expensive in the euro zone. Brent futures for May delivery LCOc1 settled at $55.11 per barrel, down 81 cents. U.S. crude oil rose 6 cents to settle at $47.51 CLc1. The U.S. Commerce Department announced that new home sales jumped 7.8 percent to a seasonally-adjusted annual rate of 539,000 units last month, the highest since February 2008. Financial information services firm Markit said its U.S. Manufacturing Purchasing Managers' Index rose to its highest since October. "Today it seems as if the market's been catching its breath after reaching its six-year lows last week," Tradition Energy senior analyst Gene McGillian said. "The positive economic reports have helped." More»
Amwal Al Ghad English - 2015-03-23 08:06:44
The dollar started trade in Asia on the defensive, after a volatile few days in the wake of the Federal Reserve's dovish steer, which cast doubts on bullish positions in the greenback. The dollar index eased 0.2 percent to 97.696 early on Monday, staying well clear of a 12-year peak of 100.390 set on March 13. The index was nearing the post-Fed meeting trough of 96.628 hit last week when investors moved to price in a later start and a slower pace for future U.S rate rises. The greenback stood at 120.01 yen, following Friday's fall from 121.205. The euro climbed to $1.0838, pulling further away from a 12-year trough of $1.0457 plumbed last week. "Our technical analyst highlights a series of bearish weekly key reversals for USD against EUR, GBP and CAD, suggesting USD will start this week on the back foot," said Elsa Lignos, senior currency strategist at RBC Capital Markets. More»
Amwal Al Ghad English - 2015-03-19 08:06:00
The dollar steadied on Thursday, rising off lows hit overnight after the Federal Reserve struck a much more dovish than expected tone on interest rates. The Fed dropped the word "patient" from its statement in terms of raising interest rates, as expected, but also downgraded its views on the economy and inflation and lowered its interest rate trajectory. That signaled a far more gradual path to policy normalization than many investors had foreseen. Fed Chair Janet Yellen, who like most central bankers tends to avoid discussing currencies, told reporters the strong dollar is compressing inflation "at least on a transitory basis," which suggests a tacit admission that the soaring dollar had stalled the central bank's policy-tightening plan. "Most people think the Fed looks very dovish, and might start to hike not in June, but maybe in September or October," said Masashi Murata, senior currency strategist at Brown Brothers Harriman in Tokyo. "Yellen wants to get a free hand in the timing of hiking rates," he said. More»
Amwal Al Ghad English - 2015-03-19 08:04:22
Brent crude futures fell towards $55 a barrel on Thursday following a bigger than expected crude stock build in the United States that fueled concerns of an oversupply in the world's largest oil consumer. U.S. oil prices partly reversed Wednesday's steep gains on a tumbling dollar after the Federal Reserve signaled a slower pace of interest rate hikes. Brent crude for May delivery LCOc1 fell 52 cents to $55.39 a barrel by 0641 GMT, after jumping as much as 6 percent in the previous session. U.S. crude for April delivery CLc1 fell by $1.08 to $43.58 a barrel, after hitting a low of $43.40. "The harsh reality of last night's build in inventory is starting to set in on oil prices," said Ric Spooner, chief market analyst at Sydney's CMC Markets. U.S. crude stocks rose by 9.6 million barrels last week, nearly three times analysts' expectations, data from the Energy Information Administration (EIA) showed on Wednesday. <EIA/S> More»
Amwal Al Ghad English - 2015-03-18 08:11:37
Brent crude fell towards $53 a barrel on Wednesday as U.S. crude stocks were forecast to have surged for the tenth straight week to a new record high, fuelling supply concerns of a global oil glut, although a weaker dollar kept a floor under prices. Brent for May delivery LCOc1 fell 50 cents to $53.01 a barrel by 0644 GMT (0244 ET) after ending the previous session 7 cents up at $53.51. U.S. crude for April delivery CLC1 fell 92 cents to $42.54 a barrel, falling more than $1 a barrel in early Asian trade on Wednesday after crude inventories rose by 10.5 million barrels to 450 million in the week to March 13, data from industry group the American Petroleum Institute showed on Tuesday. Analysts had expected a 3.8 million barrel increase. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 3 million barrels, API said. Official inventory data will be issued later on Wednesday by the U.S. Energy Information Administration (EIA). "Whether the API data is right or wrong it is still about market expectations or missed expectations," said Ben LeBrun, market analyst at Sydney's OptionsXpress. The market is now watching for the EIA data to confirm the build in crude stocks, he said. More»
Amwal Al Ghad English - 2015-03-18 08:09:04
The dollar stood steady in Asia on Wednesday just hours before the Federal Reserve was expected to take a major step toward lifting interest rates for the first time in almost nine years. A Fed statement is due at 1800 GMT, followed half an hour later by a press conference with Chair Janet Yellen. The central bank will also release members' forecasts for inflation and interest rates, and some analysts suspect the trajectory of future increases could be lowered. A string of strong payroll reports has left the strong impression the Fed will drop its reference to being patient on policy but still make a rate increase conditional on economic developments, in particular inflation. "Our baseline view is that the Fed can start its normalization process around mid-year," said Tom Kenny, an analyst at Australia and New Zealand Bank. "That said, any further drift lower in core inflation could see it delayed, as could an aggressive appreciation of the dollar," he added. "Yellen's outlook for the dollar, core inflation and wages will be critical." More»
Amwal Al Ghad English - 2015-03-16 07:52:41
Oil prices fell on Monday as spare oil storage capacity runs low and a potential agreement in nuclear talks with Tehran opened the prospect of more Iranian exports, should sanctions be eased. U.S. crude fell to $43.57 in early trading, its lowest since March 2009, before rebounding to $44.19 by 0658 GMT, still down 65 cents. Brent was trading at $54.26 a barrel, down 41 cents. Western powers are hoping for concessions from Tehran that could help clinch a political agreement in nuclear talks this week after the United States and European powers voiced a willingness to compromise on suspending U.N. sanctions, which also affect oil exports. "The prospect of an increase in Iranian oil sales as part of a new agreement in the next couple of months will only exacerbate OPEC oversupply, supporting our bearish outlook," Barclays said. The World Petroleum Council said that the low prices would lead to investment cuts. "The oil price is now below a level which allows companies to explore and produce in the most difficult areas. So that will lead to the situation that some investment has to be cut," its President Jozsef Toth told Reuters in Seoul, South Korea, on Monday. More»
Amwal Al Ghad English - 2015-03-14 09:47:18
The euro lost more than 3% of its value against the buck for the second straight week Friday, as the dollar’s eight-month rally resumed. Traders ignored a slate of weak economic data out of the U.S. That includes a report from the Commerce Department which showed that retail sales fell for the third-straight month — a sign that optimism over the Federal Reserve’s two-day monetary policy meeting, set to begin Tuesday, has reached a fever pitch, said Matt Weller, senior technical analyst at Forex.com. Specifically, traders expect the Fed to remove phrasing from its monetary policy statement saying it can be “patient” before raising the Fed funds rate, its benchmark interest rate, for the first time since 2006. The market would interpret such a move as a sign that the Fed could raise rates as early as its June monetary policy meeting. The euro EURUSD, -1.32% traded as low as $1.0465, its weakest level since January 2003, while the pound GBPUSD, -0.94% traded as low as $1.4700, its lowest level since June 2010, before both currencies staged a slight recovery. The euro traded at $1.0634 late Thursday, while the pound traded at $1.4849. Goldman Sach’s Chief Forex Strategist Robin Brooks slashed his forecast for the shared currency, saying he expects it to hit parity with the dollar in September. The shared currency’s losses pushed the ICE U.S. Dollar Index to close above the 100-level for the first time since March 2003. The dollar’s relative value against the euro comprises more than half of the index’s value. The ICE U.S. Dollar Index DXY, +0.91% a measure of the dollar’s strength against a basket of six currencies, was up 0.76% to 100.1900 in recent trade. In other currencies, Jameel Ahmad, chief market analyst at FXTM, said that the pace of the pound’s losses over the past three weeks has taken traders by surprise. he attributed its decline primarily to investors’ worries over the outcome of the coming U.K. general election in May. “There was so much volatility when the Scottish referendum happened a few months ago, investors are being tentative toward the pound and closing out their positions. They don’t want to see the volatility we saw in the week leading up to the vote,” Ahmad said. The pound dropped from about $1.6600 to $1.6000 in the week leading up to the referendum, which was held on Sept. 18. Diverging monetary-policy trends between the U.S. and the rest of the global economy have been the biggest driver of the currency’s strength. Many central banks around the globe, most notably the European Central Bank and the Bank of Japan, have instituted sizable asset-purchasing programs to stimulate growth. The Fed ended its program of asset purchases in October, and the market widely expects it to begin raising interest rates some time this year. More»