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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 - Indices news

Amwal Al Ghad English - 2014-04-17 07:35:39
The yen bounced back from a one-week low against the dollar on Thursday, with investors taking their cues from recently volatile Japanese equities, though activity was thin as investors wound down trading ahead of the Easter holidays. The dollar bought 102.01 yen, down 0.2 percent on the day and moving back toward last Friday's 3-1/2-week low of 101.32 yen. It rose as high as 102.37 yen in the previous session after the Nikkei stock average .N225 rallied on comments from Japanese Finance Minister Taro Aso that the market took to suggest more stock buying by the government's pension fund. The Nikkei was slightly higher in afternoon trade on Thursday. The euro edged down about 0.1 percent against its Japanese counterpart to 141.14 yen, after hitting a two-week high of 141.77 yen on Wednesday. "Instead of being driven by fundamentals, the yen and the stock market are moving in relationship to each other this week, as investors adjust their positions ahead of the Easter holiday," said Ayako Sera, senior market economist at Sumitomo Mitsui Trust Bank.While markets in Tokyo will remain open, some countries around the world would will be closed on Friday ahead of Easter Sunday, and others will remain closed on Monday. This means trading liquidity is likely to be low, market participants said. More»
Amwal Al Ghad English - 2014-04-15 07:46:57
The dollar inched higher versus a basket of major currencies on Tuesday, staying on firm footing after U.S. retail sales data the previous day signaled a brighter outlook for the U.S. economy. U.S. retail sales recorded their largest gain in 1-1/2 years in March, the latest data to suggest growth was set to spring back in the second quarter after an unusually harsh winter. The dollar index edged up 0.1 percent to 79.791 .DXY, holding above Monday's intraday low of 79.562. Against the yen, the dollar edged up 0.1 percent to 101.91 yen, staying above a three-week low of 101.32 yen set on Friday on trading platform EBS. Some caution over tensions in Ukraine may be helping to temper the dollar's gains against the yen, said a trader for a European bank in Tokyo. "I get the sense that people might be taking a sell-on-rallies type of stance," the trader said, referring to market sentiment towards the dollar versus the yen. Investors remained wary of developments in Ukraine, where any escalation might quickly cause risk appetite to evaporate. Armed pro-Russian separatists seized more buildings in eastern Ukraine on Monday, expanding their control after the government failed to follow through on a threatened military crackdown. More»
Amwal Al Ghad English - 2014-04-14 08:03:58
The euro got off to a shaky start on Monday after the European Central Bank fired another warning shot at bullish investors and arrested the single currency's week-long surge, saying it will be forced to ease monetary policy further if the euro keeps going up. In the clearest signal yet that he was unhappy with the direction of the currency, ECB President Mario Draghi on Saturday told a news conference that "a further strengthening of the exchange rate would require further stimulus. ECB policy member Christian Noyer hammered home the message on Monday saying: "The stronger the euro is, the more accommodative policy is needed". Investors took heed in Asian dealings, sending the common currency down broadly. The euro dipped 0.2 percent to $1.3850 after rising almost uninterrupted last week to gain 1.3 percent, its largest weekly gain since September. The common currency slid 0.4 percent to 140.62 yen from levels above 141.00 and reached near one-month lows against the Swiss franc at 1.2135 francs. Further weighing on the euro, Ukraine gave pro-Russian separatists a Monday morning deadline to disarm or face a "full-scale anti-terrorist operation" by its armed forces, raising the risk of a military confrontation with Moscow. More»
Amwal Al Ghad English - 2014-04-10 07:54:01
The dollar hit a three-week low versus a basket of major currencies on Thursday after minutes from the Federal Reserve's March meeting disappointed dollar bulls, while the Aussie dollar surged on data showing solid Australian jobs growth. Minutes of the Fed's March 19 meeting released on Wednesday showed Fed officials had worried the bank's forecasts on interest rates might appear to investors as mapping out a more aggressive cycle of rate hikes. Analysts at JPMorgan said the minutes were taken as dovish by markets, adding they "contained no record of a discussion as to how long it would take between the end of asset purchases and the beginning of rate hikes." The greenback remained on the defensive in the wake of the Fed minutes. The dollar index hit a three-week low of 79.430 .DXY earlier on Thursday, well below a seven-week high of 80.599 set last Friday. It last stood at 79.526, down about 1.1 percent for the week. More»
Amwal Al Ghad English - 2014-03-31 13:18:47
The Egyptian Financial Supervisory Authority (EFSA) approved on Monday a request from Citadel Capital (CCAP.CA) to invite shareholders to subscribe to 728,106,512 remaining secondary shares at EGP 5 par value each. According to the company’s statement, subscription will start on Wednesday, April 2 till Wednesday, April 9. The company’s extraordinary general meeting (EGM) has recently endorsed the second phase of the current capital increase through subscription to remaining secondary shares to raise issued capital to EGP 8 billion from EGP 4.358 billion. Shareholders approved allowing using the company’s liabilities to shareholders via clearance between such liabilities and the value of shares offered for subscription. The EGM also amended the period given for those having the rights for subscription to uncovered shares without pro rata to become not less than three days instead of not more than seven days. Shareholders also approved amending article of incorporation No. 36. More»
Amwal Al Ghad English - 2014-03-29 08:05:07
The dollar edged lower against the euro on Friday while rising against the yen on greater investor risk appetite after comments from a Chinese official indicated the government could implement more stimulus.  China's Premier Li Keqiang sought to reassure global investors that Beijing was ready to support the cooling economy, saying the government had the necessary policies in place and would push ahead with infrastructure investment. The comments helped push the euro up against the dollar while weighing on the safe-haven yen. The euro tends to attract buyers during periods of greater risk.  The increased appetite for risk also showed in a rise in the U.S. stock market, although stocks later pared gains, led by a decline in the biotechnology sector.  Hopes for stimulus out of China ramped up risk appetite in the currency market, said Joseph Trevisani, chief market strategist at WorldWideMarkets in Woodcliff Lake, New Jersey. Traders also said they had doubts as to whether the European Central Bank would implement further monetary easing at its meeting on April 3, despite statements from ECB policymakers on Tuesday hinting at the potential for more easing to prevent deflation. A Reuters poll showed that only two of 72 economists now predict a rate cut from the ECB at its April 3 meeting, versus 26 of 78 who did before last month's meeting.  More»
Amwal Al Ghad English - 2014-03-27 07:23:25
The euro held steady near recent lows versus the dollar on Thursday after comments from European Central Bank officials revived speculation about further monetary easing to stave off potential deflation. The euro traded at around $1.3784, hovering near a low of $1.3749 hit twice in recent days, a break of which will bring the currency to its lowest level since March 6. That was the day when currency posted its biggest jump in the past two months as the ECB refrained from taking any easing steps. The euro's rally went on to a 2 1/2-year high of $1.3967 hit a week later. But speculation of more stimulus was rekindled after influential ECB governing council member and Bundesbank chief Jens Weidmann said on Tuesday that the central bank could exercise several options to temper euro strength and combat deflation. Weidmann said negative interest rates were an option and quantitative easing was not out of the question -- surprising investors given the German central bank has consistently viewed quantitative easing critically. More»
Amwal Al Ghad English - 2014-03-25 08:20:31
The dollar held steady against a basket of major currencies on Tuesday, keeping a low profile after slipping on the previous day in the wake of a disappointing reading on U.S. manufacturing activity. The dollar index last fetched 79.952 .DXY, having backed away from Monday's session high of 80.290 and a three-week peak of 80.354 set last Thursday. The greenback had edged lower on Monday, after financial data firm Markit said its preliminary U.S. Manufacturing Purchasing Managers Index slipped to 55.5 from 57.1 in February. Investors had bought the greenback last week after new Federal Reserve chair Janet Yellen suggested the possibility of raising interest rates early next year. But traders said the rally was always going to need backing up from strong U.S. economic data. Sadly for dollar bulls, recent data have not been convincing enough despite the fact they offered hope that the world's biggest economy was picking up momentum after a weather-induced slowdown. More»
Amwal Al Ghad English - 2014-03-24 08:00:14
The dollar held on to last week's gains on Monday though it lacked a fresh catalyst to extend them while the Australian dollar dipped after a soft Chinese manufacturing data. The dollar index .DXY stood at 80.143, little changed from late New York levels on Friday, but still not far off a three-week peak of 80.354 set on Thursday. Investors snapped up the dollar last week as they swiftly brought forward the risk of a U.S. interest rate hike early in 2015 after new Fed Chair Janet Yellen surprised markets by raising the prospect of such a move. Traders said further gains for the dollar now depend on the strength of coming data, with any acceleration in the U.S. economic recovery likely to bolster expectations of an earlier normalization of Fed policy. "A broader-based rally in USD requires validation of the Fed's more aggressive interest rate forecasts from a continued step-up in U.S. data," analysts at JPMorgan wrote in a note to clients. Against the yen, the dollar was a touch firmer at 102.46 yen as was the euro at 141.40 yen. More»
Amwal Al Ghad English - 2014-03-20 08:10:10
The U.S. dollar was hanging onto hefty gains in Asia on Thursday as investors wrestled with the risk that U.S. interest rates could rise sooner and faster than previously thought, slugging stock and bond prices. Short-term U.S. bond yields jumped by the most in almost three years after Federal Reserve Chair Janet Yellen said the central bank might end its bond-buying program this fall, and could start to raise interest rates around six months later. Combined with a slight rise in the projected path for rates by Fed members, that led the market to bring forward the likely timing of the first hike in U.S. rates by a couple of months. "The end result is a market that is left feeling less comfortable about the outlook for policy than before -- pricing in more risk of tightening sooner and faster -- despite the Fed's best efforts in stressing that their views about policy have not changed," said Michelle Girard, chief economist at RBS in Stamford, Connecticut. Yellen sought to use her news conference to emphasize that rates would stay low for awhile and rise only gradually, but the message was lost on skittish markets. The new sense of uncertainty unsettled Wall Street, where the Dow .DJI fell 0.7 percent and the S&P 500 .SPX 0.61 percent. More»