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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        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        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        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        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 - 2014-11-24 08:39:11
The euro flirted with a two-year trough against the dollar on Monday as investors gave the currency a wide berth on prospects of more easing from the European Central Bank. ECB President Mario Draghi on Friday threw the door wide open for more drastic measures as he painted a bleak picture of the 18 countries in the euro bloc, stressing that "excessively low" inflation had to be raised quickly. Euro bears were swift to react to his comments on Friday, knocking the currency to a low of $1.2375 EUR= from a session high of $1.2569. Selling continued in early Asian trade on Monday, with the euro slipping towards $1.2359, just a whisker away from a two-year low of $1.2358 plumbed earlier in the month. The euro later came off its low and last traded near $1.2388, steady from late U.S. trade on Friday. "The market appears to be pricing in some expectation of sovereign quantitative easing at the next ECB meeting in two weeks," said Greg Moore, senior currency strategist at RBC Capital Markets. More»
Amwal Al Ghad English - 2014-11-19 09:12:11
The dollar hit a fresh seven-year high against the yen on Wednesday, and held near a 14-month peak versus sterling, as investors added favorable bets ahead of Federal Reserve minutes that could highlight policy divergence with its peers. The yen was on the defensive, falling to a six-year trough against the euro, after Japanese Prime Minister Shinzo Abe's decision to postpone a sales tax rise was seen as supportive for stock markets and negative for the yen. The dollar rose to as high as 117.44 yen JPY=, its highest level since October 2007. The dollar last traded at 117.35 yen, up 0.4 percent on the day. The euro was up 0.4 percent at 147.25 yen EURJPY=R, its highest since late 2008.The yen showed limited reaction after the BOJ kept policy unchanged on Wednesday as expected. Focus now turns to the Federal Reserve which will release minutes of its latest policy review. Traders expect the Fed minutes to sound relatively more hawkish and this could lift the dollar index .DXY. More»
Amwal Al Ghad English - 2014-11-19 08:57:51
Egypt’s pound fell to 19-month low in the black market amid concern the forthcoming $2.5 billion bond payment to Qatar may drain foreign-exchange reserves. The currency dropped in unregulated trading to 7.70 against the dollar, its lowest level since April 2013 and compared with 7.58 a dollar last week, according to the average of four quotes from money changers surveyed by Bloomberg. That represents a premium of 7.7 percent to buy dollars over the interbank rate of 7.1501, which is controlled by the central bank. The pound’s official price hasn’t changed for more than five months and is down 2.8 percent this year. The Nov. 28 deadline for Egypt’s repayment of a $2.5 billion bond to Qatar is spurring speculation on the currency, said Hany Farahat, senior economist at Cairo-based CI Capital. Egypt had borrowed the money as part of an $8 billion assistance from Qatar in 2013 to support its budget under former President Mohamed Mursi, just weeks before he was overthrown. The pound’s drop “certainly represents a hefty black-market premium compared to the currently prevailing official rates, and if it prevails, it might pose downward pressure on the latter,” Farahat said by phone. Companies are also setting aside foreign exchange to prepare for 2015 needs, he said. Also, the regulator shut down 12 foreign-exchange businesses on the grounds they violated currency-trading rules, Al Masry Al Youm newspaper reported Nov. 13, two days after Central Bank of Egypt Governor Hisham Ramez pledged to combat unofficial trading. The central bank sells about $40 million dollars to local banks three times a week. The auction system was put in place in December 2012 to ration dollars after foreign-exchange reserves fell to $15 billion, less than half their level before the start of political turmoil in 2011. That figure stood at $16.9 billion in October, enough to cover more than three months of imports, according to Bloomberg calculations. More»
Amwal Al Ghad English - 2014-11-17 08:01:32
The dollar swung wildly against the yen on Monday, initially spiking to a seven-year high after data showed Japan's economy unexpectedly slipped into recession before pulling down as the grim economic news sent Tokyo stocks tumbling. Data on Monday showed Japan's economy shrank an annualized 1.6 percent in July-September, confounding expectations for a modest rebound and solidifying the view premier Shinzo Abe will call a snap election and delay a second sales tax hike next year. The dollar jumped to a new seven-year high of 117.06 yen JPY= in a knee-jerk reaction to the GDP numbers but pulled back to 115.50 yen JPY=, down 0.7 percent on the day, as Tokyo's Nikkei .N225 slid 2.6 percent. "Dollar/yen has been moving recently in close relationship with (Japanese) equities so the Nikkei's fall knocked the pair from its highs," said Masafumi Yamamoto, a market strategist at Praevidential Strategy in Tokyo. "The GDP data was so unexpectedly weak and clouded many prospects taken for a given," he said. More»
Amwal Al Ghad English - 2014-11-15 07:55:45
The dollar rallied on Friday, helped by unexpectedly strong U.S. retail sales data, but global equity markets traded flat after a hefty run-up over the past three weeks put a damper on big gains in the near term. U.S. retail sales rose 0.5 percent in October after stripping out volatile gasoline and food services. The dollar index touched its highest since June 2010 at 88.267, but later pared gains to be down 0.15 percent at 87.540. MSCI's all-country world index edged up 0.13 percent, while Wall Street closed mixed near flat. European shares fell, according to one measure, as mixed euro zone growth data showed the French and German economies growing marginally but others like Italy still firmly in recession. The pan-European FTSEurofirst 300 index closed down 0.1 percent at 1,345.20. More»
Amwal Al Ghad English - 2014-11-11 09:07:03
Egypt's EFG Hermes posted third-quarter net profit before minority rights of 144.4 million Egyptian pounds ($20.2 million) on Tuesday, up 24.3 percent on the same period last year. One of the largest investment banks in the Middle East, EFG Hermes (HRHO.CA) achieved net profit of 116.16 million pounds in last year's third quarter. More»
Amwal Al Ghad English - 2014-11-11 08:16:15
The dollar started trade in Asia with a bid tone, having reversed some of its post-payrolls losses as investors were quick to rebuild long positions amid an absence of major drivers. It was back near 115.00 yen and not far off Friday's seven-year peak of 115.60, after recovering from a dip to 113.86. The greenback also climbed on the euro, which eased to $1.2421 from above $1.2500. That caused the dollar index to bounce to 87.820 and within striking distance of a four-year high of 88.190. Investors had taken profits on extremely long dollar positions on Friday after headline U.S. payroll figures missed more optimistic expectations. The report, however, still painted an encouraging picture of the U.S. labor market. "USD buyers took advantage of the post-NFP dip to build on longs," Elsa Lignos, senior currency strategist at RBC Capital Markets, wrote in a note to clients. "We argued that relative to anything other than rather bloated expectations, Friday's payrolls report was a solid release and we prefer to fade USD weakness this week." More»
Amwal Al Ghad English - 2014-11-10 07:38:54
The dollar edged lower in Asia on Monday as U.S. Treasury yields sagged, after Friday's U.S. jobs data fell short of expectations and prompted some investors to take profits on extremely long dollar positions. The dollar index .DXY slipped about 0.3 percent to 87.368, following a 0.4 percent fall on Friday when it retreated from 88.190 - a high not seen since June 2010. U.S. employers added 214,000 jobs to their payrolls last month, missing forecasts for 231,000. Still, details of the report were solid, with the unemployment rate dipping to a fresh six-year low of 5.8 percent even as more people entered the work force. The disappointing headline figure prompted a rally in U.S. Treasury prices and knocked yields off one-month peaks hit shortly before the release of the jobs data. The yield on benchmark 10-year Treasury notes US10YT=RR stood at 2.304 percent in Asian trade, below its U.S. close of 2.312 percent on Friday. More»
Amwal Al Ghad English - 2014-11-06 07:13:38
The dollar stumbled against the yen on Thursday as investors sold into a steep rally ahead of key events including the European Central Bank's policy meeting and U.S. nonfarm payrolls. The euro dangled just above a two-year trough with investors waiting to see how ECB chief Mario Draghi deals with dissent later in the day. The dollar was down 0.2 percent at 114.39 yen JPY= after storming to a seven-year high of 115.52. Traders said the greenback was prone to buckling after rallying more than 5 percent against the yen since last Friday's surprise monetary easing by the Bank of Japan. The dollar index .DXY fell 0.3 percent to 87.224 after hitting a 4-1/2 year peak of 87.606 overnight. The euro last traded at $1.2515 EUR=, flirting once again with a two-year low of $1.2439 set early in the week. Disappointing surveys of euro zone business growth and a surprise decision by the BOJ last week to enhance its already massive monetary stimulus have added pressure on the ECB to ease more. More»
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»