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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        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        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        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Heliopolis Housing   21.65        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        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        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        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 - 2014-12-20 07:39:21
Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down. Crude prices had dropped more than 10 percent in the trading week ended Dec. 12. That was largely responsible for a 3.5 percent drop in the S&P 500, as investors fled stocks over concerns about energy-sector bonds, corporate earnings, and expectations for world economic demand. That seemed to change Thursday. The S&P 500 surged while oil fell, a potential change in sentiment among investors looking to focus on sectors that may benefit from an accelerating U.S. economy."The proof is that oil turned down and the market said, 'Oh, that was yesterday's news, today we're moving ahead,'" said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey. Bank of America Merrill Lynch credit strategist Hans Mikkelsen credited the decoupling partly to Fed Chair Janet Yellen's Wednesday news conference. "She explained how declining oil prices are expected to be a net positive for the U.S. economy. Furthermore, she went out of her way to dismiss any downward pressure on inflation as transitory." More»
Amwal Al Ghad English - 2014-12-18 07:52:07
The dollar took the upper hand on Thursday after the Federal Reserve signaled it was on track to raise interest rates next year, altering a pledge to keep them near zero for a "considerable time" in a show of confidence in the U.S. economy. The Fed said it would take a "patient" approach in deciding when to bump borrowing costs higher, guidance which it said is consistent with its previous statement that rates will be low "for a considerable time." Fed Chair Janet Yellen told a news conference that the statement meant it was unlikely to hike rates for "at least a couple of meetings," meaning April of next year at the earliest. "The markets have had some relief as the Fed is moving forward as planned, but not too fast, in raising rates," said Takako Masai, the head of market research at Shinsei Bank. The dollar index .DXY =USD rose to 88.998, almost flat in Asia but having risen 1.0 percent on Wednesday and coming within a striking distance from a near six-year high of 89.550 touched 10 days ago. More»
Amwal Al Ghad English - 2014-12-17 08:39:22
The dollar nursed its losses in Asian trading on Wednesday, pulling away from lows hit overnight on skidding oil prices, Russia's financial crisis, and speculation that the Federal Reserve might take a more cautious tone on monetary policy. Data released earlier on Wednesday showed Japan's exports rose 4.9 percent in November, falling short of forecasts despite the weakening yen, which helped the dollar regain some of the ground it lost overnight against its Japanese counterpart. Japan marked its 29th straight month of trade deficits. "The medium term forecast is still for a higher dollar, but the whole world is chaotic right now, with a slowdown in China, falling oil, and now Russia," said Kaneo Ogino, director at Global-info Co in Tokyo, a foreign exchange research firm."Nobody wants to be too short dollars ahead of the FOMC today, just in case," he added. The U.S. Federal Reserve's Federal Open Market Committee (FOMC) concludes its final policy review of 2014 later on Wednesday, and is expected to drop particular words stating its intent to keep rates near zero as a prelude to raising interest rates next year. More»
Amwal Al Ghad English - 2014-12-16 08:57:49
Brent crude oil prices fell over $1 per barrel and below $60 for the first time since July 2009 in early European trading on Tuesday as Chinese factory activity slowed and stumbling emerging market currencies dented demand expectations. Oil futures have almost halved since June amid rising output and cooling demand, but producer club OPEC has so far resisted calls to cut production to shore up prices. Data showing activity in China's factory sector shrank for the first time in seven months in December, adding to a slew of reports showing more fatigue in the world's No.2 economy, further dragged on oil prices. "China leaves 2014 on a weak note (and) the calls for further monetary stimulus are getting louder," Singapore-based Phillip Futures said on Tuesday. Brent for January delivery LCOc1 was at $59.75 a barrel at 0750 GMT (02:50 p.m. EST), down $1.31 and to its lowest level since. U.S. crude for January delivery CLc1 was at $54.85 a barrel, down $1.06 a barrel. More»
Amwal Al Ghad English - 2014-12-16 08:51:14
Gold was headed toward its fifth-straight losing session on Tuesday, failing to move higher even as the global climate continues to breed the kind of uncertainty that usually provides a tailwind for the precious metal. At last check, gold for February delivery GCG5, -0.90% dropped $8.70, or 0.7%, to $1,196.80 an ounce, while March silver SIH5, -2.49% sank another 38 cents, or 2.3%, to $16.18 an ounce. Gold and oil prices have been moving in tandem recently, though the two diverged overnight as crude CLF5, -1.48% moved fractionally higher. Housing starts for November will be released at 8:30 a.m. Eastern, with analysts looking for an improvement to an annual pace of 1.04 million. Then, on Wednesday, traders will get a look at the Fed’s new policy statement and updated economic forecasts, followed by a press conference with Chairwoman Janet Yellen. Read: Economic Preview. More»
Amwal Al Ghad English - 2014-12-16 08:49:13
Cement giants Holcim Ltd. and Lafarge SA cleared a major hurdle toward their planned $43 billion merger after antitrust authorities in Europe said the deal could go ahead, subject to significant asset sales across the region. The deal, if approved by other global competition regulators, would reshape the global cement industry, spawning a construction-materials juggernaut. It had been expected to face significant hurdles from antitrust authorities, particularly in Europe, given the scale of the two companies' operations in the region. Margrethe Vestager, the EU's top antitrust official, announced the decision on Twitter late Monday. "Acquisition of Lafarge by Holcim is subject to conditions. The merger can proceed," Ms. Vestager tweeted, adding that it would be "good for growth." The EU's approval is conditional on divestments by the two companies that Ms. Vestager described in a statement as "very substantial." Holcim will have to sell all of its businesses in the Czech Republic and Slovakia, two plants in Spain, and most of its activities in France relating to cement, ready-mixed concrete and aggregates, according to a statement from the European Commission, the bloc's top antitrust regulator. More»
Amwal Al Ghad English - 2014-12-15 07:49:30
The yen climbed against the dollar and euro in extremely choppy trading on Monday, as investors took their cues from slumping Japanese shares and rising risk aversion. Japan's Nikkei stock average .N225 was down 1.3 percent in afternoon trade. Many market participants, particularly foreign investors, sell the yen to hedge their equities positions, so the Japanese currency tends to feel upward pressure whenever stocks slip. A big victory for Japanese Prime Minister Shinzo Abe's coalition in an election on Sunday was a boost for his reflationary economic policies, which are likely to weigh on the yen in the long term. But the Japanese currency rose as shares dropped, before paring its gains by afternoon. The dollar was down about 0.2 percent at 118.65 yen JPY=, after dropping as low as 117.78. It remained above a two-week low of 117.44 yen touched last Thursday, and a considerable distance away from a seven-year high of 121.86 yen set one week ago. Market participants attributed Monday's whipsaw currency moves to positioning before this week's Federal Reserve meeting ahead of next week's Christmas holiday. "I think the market is enjoying the high volatility in dollar/yen, ahead of the holidays. This week might be everyone's last chance for trading this year," said Masashi Murata, senior currency strategist at Brown Brothers Harriman in Tokyo. More»
Amwal Al Ghad English - 2014-12-11 09:00:57
The dollar inched higher versus the yen on Thursday, getting some respite after falling roughly 3 percent in the past three days as the market unwound stretched positions ahead of the year-end. The dollar has pulled back from a seven-year peak of 121.86 yen set on Monday as crowded long-dollar trades were thinned out. It touched a two-week low near 117.45 yen earlier on Thursday but later stabilized and last traded at 118.09 yen, up 0.2 percent on the day. Over the previous three days, the dollar had fallen around three percent versus the yen."It's very, very choppy," said Stephen Innes, senior trader for FX broker OANDA in Singapore. Innes said some market players now saw an opportunity to buy the dollar against the yen in the wake of its drop over the past few days. "My feeling is we've cleaned out a lot of people right now," he said, referring to the paring back of long dollar positions, and added that the dollar may start to attract some bids ahead of the U.S. Federal Reserve's policy meeting next week. The euro held steady near $1.2455 EUR=, having recovered from a 2-year low of $1.2247 set on Monday. More»
Amwal Al Ghad English - 2014-12-11 08:17:58
The Egyptian pound held steady at a central bank dollar sale on Wednesday, but weakened on the unofficial market. The bank offered $40 million and said it had sold $38.8 million at a cut-off price of 7.1401 pounds a dollar, unchanged from its last sale on Monday. The rates at which banks are allowed to trade dollars are determined by the results of central bank sales, giving the bank effective control over official exchange rates. In the unofficial market, the pound was trading at 7.73 to the dollar on Wednesday, one trader said, weaker than Monday's 7.68 to the dollar. More»
Amwal Al Ghad English - 2014-12-10 07:38:51
The dollar nursed hefty losses on Wednesday following a brutal shakeout of bullish positions as investors found incentives to take profits as the year-end loomed. Spooking markets, political uncertainty in Greece appeared to have reignited worries about Europe, prompting a slide in equities and flight to safety into U.S. Treasuries US10YT=RR. That drove yields lower, which in turn knocked the dollar index .DXY off a near six-year perch. The greenback slid to 118.780 against the yen JPY=, a safe-haven destination in its own right, having dropped more than 2 percent at one stage to 117.90 in a vicious turnaround from a seven-year peak of 121.86 set on Monday.The euro rallied as far as $1.2448 EUR= from a two-year trough of $1.2247, but has since been cooling its heels at $1.2392. "Anyone who bought USDs at the start of this week after Friday's NFP and ECB QE jaw-boning has been hosed," said Gavin Friend, senior markets strategist at National Australia Bank. More»