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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        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        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 - 2014-09-02 08:41:00
The dollar hit its highest since January against the yen on Tuesday while a struggling euro sank to a one-year low against the greenback on expectations of a more aggressive easing program in the euro zone. The European Central Bank will hold a policy meeting and news conference later this week, which will be closely watched for any signs that ECB President Mario Draghi is moving towards full-scale quantitative easing - effectively the printing of money - to boost the flailing euro zone economy. Since Draghi said he would use "all the available instruments" to ward off the threat of deflation at a U.S. Federal Reserve conference in Jackson Hole last month, speculation that the ECB will introduce QE has ramped up.   Data added fuel to that speculation on Monday: euro zone factories barely increased prices last month, and manufacturing activity in France fell at the fastest pace in 15 months. A separate report confirmed the German economy contracted for the first time in over a year in the second quarter. That all helped to send the euro to a trough of $1.3115 EUR= on trading platform EBS on Tuesday, its lowest since September 2013. But some said that the market might be expecting too much from Thursday's meeting. More»
Amwal Al Ghad English - 2014-09-01 08:50:18
The euro hit a fresh one-year low on Monday, as heightened worries about the crisis in Ukraine kept the currency on the defensive ahead of a European Central Bank policy meeting later this week. The euro fell as far as $1.3119 EUR=, reaching lows not seen since early September 2013. It last traded at $1.3125, down 0.1 percent on the day. Ukrainian President Petro Poroshenko warned a "full-scale war" was imminent if Russian troops continued an advance in support of pro-Moscow rebels as Europe and the United States threatened Russia with new sanctions. Analysts said the risk to euro zone growth posed by the Ukraine conflict and stubbornly low inflation should keep the pressure on the European Central Bank to provide further stimulus at some stage, if not this week. While the euro could gain on short-covering if the ECB were to stand pat at its policy meeting on Thursday, any respite is likely to be short-lived, said Masashi Murata, currency strategist for Brown Brothers Harriman in Tokyo. More»
Amwal Al Ghad English - 2014-08-31 06:26:52
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed Egypt's Long-Term Foreign and Local Currency Sovereign Ratings of 'B-' and its Short-Term Foreign and Local Currency Ratings of 'B'. The affirmation of Egypt's ratings takes into account: (a) the stabilisation of short-term financing risks, in large part due to the availability of financial assistance from friendly states and international donors; (b) the gradual adoption of fiscal consolidation measures aimed at reducing the large budget deficit; and (c) the improving security situation. Nevertheless, the ratings continue to be constrained by the fundamental weaknesses of the Egyptian economy and public finances, as well as by political risk factors. CI notes that near-term external financing risks have receded due to the financial support received from the member states of the Gulf Cooperation Council, (GCC). Since July 2013, GCC states have pledged total support to Egypt in the region of $18.9 billion (6.6 per cent of Egypt's GDP), most of which has been disbursed. This support has been in the form of cash donations, interest-free loans, development related financing, oil and oil products. CI considers it likely that financial support from bilateral lenders will continue over the short to intermediate term in view of Egypt's regional importance and Saudi Arabia and the UAE's political support for the new Egyptian government. International reserves are expected to increase during 2014-16 – provided that the political situation does not deteriorate – but are unlikely to reach pre-crisis levels. Nevertheless, CI expects foreign reserves to provide broadly adequate coverage of short-term external debt (on a remaining maturity basis) and a reasonable buffer against moderate external economic shocks. However, an increase in Egypt's external financing needs could offset the growth in foreign reserves and lead to renewed balance of payments pressures. Egypt's ratings continue to be supported by the country's comparatively low level of external debt, which stood at 16.4 per cent of GDP (64 per cent of current account receipts) in 2014. The debt maturity profile is relatively favourable and gross external financing requirements are low at an estimated 7.7 per cent of GDP in FYE 2015. The security situation has improved following the recent election of General Al Sisi as president, and economic activity appears to be picking up. Nevertheless, political risk remains a concern in view of the continued polarisation between supporters of the new president, who was elected by a minority of eligible voters, and those of the deposed Islamist president. In the policy arena, bilateral financial support has provided the authorities with a short respite to focus on measures needed to strengthen macroeconomic and fiscal fundamentals. The new government has announced an ambitious reform agenda and recently raised fuel prices in a step towards reducing costly subsidies. The partial lifting of fuel subsidies is expected to contribute to a decline in the budget deficit to a still high 12 per cent of GDP by FYE 2017 (compared to 14 per cent of GDP in FYE 2013); however, stronger efforts are necessary to lower the deficit to safer levels. General government debt remains very high and is projected to reach 93 per cent of GDP in FYE 2017 – contributing to significant financing needs. OUTLOOK The Outlook for the ratings is 'Stable'. This means that Egypt's ratings are likely to remain unchanged over the next 12-24 months, provided key credit metrics evolve as envisioned in CI's baseline scenario and no other credit quality concerns arise. The 'Stable' Outlook reflects CI's current expectation that Egypt's fiscal and external position will possibly stabilise over the next year or so, based on the continuation of external support and the increasing likelihood that the new government will continue its gradual structural reforms. More»
Amwal Al Ghad English - 2014-08-27 06:24:34
The dollar hit a 13-month peak against a basket of major currencies on Wednesday, with the euro still struggling amid expectations of further policy easing from the European Central Bank. The dollar index rose as far as 82.727 at one point, its highest level since July 2013. It was last steady on the day at 82.648. Data on Tuesday showed orders for U.S.-manufactured durable goods posted their biggest gain on record in July, while consumer confidence rose in August to its highest level since October 2007. The eye-catching U.S. data, albeit driven by a huge jump in aircraft orders, only served to bolster long dollar/short euro positions - a trade embraced in earnest after recent dovish comments from European Central Bank President Mario Draghi. More»
Amwal Al Ghad English - 2014-08-23 06:46:12
Wall Street and other stock markets paused on Friday, halting the week's strong gains, as worsening Ukraine tensions dogged trading, while the dollar rose after Federal Reserve Chair Janet Yellen said policymakers eyeing interest rate hikes need to move cautiously. Ukraine on Friday said Russia had launched a "direct invasion" of its territory after Moscow sent a convoy of aid trucks across the border into eastern Ukraine, where pro-Russian rebels are fighting government forces. Moscow, which has thousands of troops close to the Russian side of the border, warned against any attempt to "disrupt" the convoy but did not say what action it might take if Kiev's military intervened. "The market probably is a little naive in thinking the Ukraine thing is going to blow over pretty soon," said Erik Davidson, deputy chief investment officer at Wells Fargo Private Bank in San Francisco. "We will probably be talking about Ukraine through the winter." The Dow Jones industrial average fell 38.27 points, or 0.22 percent, to 17,001.22, the S&P 500 lost 3.97 points, or 0.2 percent, to 1,988.40, and the Nasdaq Composite added 6.45 points, or 0.14 percent, to 4,538.55. More»
Amwal Al Ghad English - 2014-08-21 05:57:52
The Australian dollar extended its losses after a preliminary survey of China's manufacturing sector showed growth slowing to a three-month low. The dollar index .DXY, still basking in the afterglow of Tuesday's upbeat U.S. housing data, climbed as far as 82.358, reaching a high not seen since early September. It has broken clear of the 81.188/81.716 range held for much of this month. The minutes showed policymakers debated on whether interest rates should be raised earlier given a surprisingly strong jobs market recovery. Most officials, however, wanted further evidence before changing their view on when rates should be lifted. In any case, it was enough to send U.S. Treasury yields higher with the two-year US2YT=RR note hitting a two-week high just shy of 0.5 percent. That in turn helped underpin the greenback, which rose to its highest in over four months against the yen at 103.965 JPY=, not far from the April peak of 104.13. A break there could see the market aim for the 2014 high of 105.45 set in January. More»
Amwal Al Ghad English - 2014-08-19 06:56:25
The dollar steadied on Tuesday after Monday's gains on upbeat U.S. housing data and a rise in U.S. bond yields, but traders are waiting for hints on Federal Reserve policy intentions before they test major resistance levels. The only mover among major currencies in Asia was the New Zealand dollar, which shed a half percentage point after soft economic data pointed to a pause in the country's rate hikes. The U.S. dollar index stood flat at 81.612 .DXY =USD, after a gain of 0.2 percent on Monday, lacking the momentum to test its 11-month high of 81.716 hit earlier this month. "The housing data seems to have had an impact on the dollar. Yet the market is still showing no clear direction yet and I see dollar-selling orders above current levels. It seems better to play ranges," said Bart Wakabayashi, head of currencies at State Street in Tokyo. The NAHB/Wells Fargo Housing Market index rose unexpectedly for the third straight monthly gain to a seven-month high of 55 in August, shrugging off the weakness of early this year. More»
Amwal Al Ghad English - 2014-08-18 07:01:34
The dollar edged down against a basket of currencies on Monday, as U.S. Treasury yields wallowed close to 16-month lows and made the greenback less attractive. Sterling rose after the Bank of England indicated that UK interest rates may have to rise even before wage growth recovers, backtracking from earlier comments that prompted markets to push out the risk of a rate hike. But the U.S. dollar, euro and yen were little changed from their levels late in New York on Friday, where heightened tensions in Ukraine drove global bond yields to fresh lows. The euro last traded at $1.3397 EUR=, flat on the day and well within a slim $1.3333-$1.3445 range seen so far this month. Against the yen, the common currency edged down slightly to 136.05 EURJPY=R. More»
Amwal Al Ghad English - 2014-08-13 06:51:22
The yen held steady versus the dollar on Wednesday, showing limited reaction to the widely expected contraction in Japan's economy in April-June, while the euro hovered above the previous day's lows. Japan's economy shrank an annualised 6.8 percent in the second quarter, suffering its biggest contraction since the devastating March 2011 earthquake as a sales tax hike took a heavy toll on household spending. The annualised contraction in gross domestic product, however, was slightly less than a median market forecast for a 7.1 percent drop. The yen showed limited reaction to the data, which was broadly in line with market expectations. The dollar was flat on the day near 102.30 yen JPY=, having traded between 103.15 yen and 101.51 yen over the past couple of weeks. "Overall the contents weren't enough to increase the possibility of additional BOJ monetary easing or to lower the economic outlook for July-September onwards," said Shinichiro Kadota, chief Japan FX strategist at Barclays Bank in Tokyo. More»
Amwal Al Ghad English - 2014-08-12 06:27:44
The dollar edged higher in Asia on Tuesday, getting a slight lift as U.S. Treasury yields inched away from recent lows, though concerns over rising tensions in Ukraine and the Middle East still looked set to cap the greenback's advance. The dollar index rose about 0.1 percent to 81.519 .DXY. Traders said the index was looking toppish as last month's rally swept it past a succession of 2014 peaks, and the market would probably need fresh impetus to push it further. U.S. Treasury yields pulled slightly away from recent lows, with the yield on the benchmark 10-year U.S. Treasury note US10YT=RR at 2.431 percent in Asia, above its U.S. close of 2.420 percent on Monday. On Friday, it fell to 2.349 percent, a level not seen since June 2013. The safe-haven yen stayed off highs notched late last week when concerns over geopolitical tensions were more acute. The euro was steady on the day at 136.79 yen EURJPY=R, well off a trough of 135.73 yen plumbed on Friday, which was its lowest level since November. More»