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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        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        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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 - 2015-01-26 08:35:44
Oil slid more than 1 percent on Monday, with U.S. crude falling close to a six-year low, after Greek election results heightened uncertainty in the euro zone and depressed the bloc's currency against the dollar. Greece's left-wing Syriza appeared on course to trounce the ruling conservatives in Sunday's snap election, setting up a possible confrontation with international creditors. March Brent crude fell 71 cents to $48.08 a barrel by 0718 GMT, wiping out light gains made on Friday after the death of Saudi King Abdullah, but it was off an early low of $47.85. West Texas Intermediate (WTI) crude for March delivery was trading down 69 cents at $44.90 a barrel. Front-month WTI earlier slid to an intraday low of $44.35, just above the $44.20 hit on Jan. 13, which was the lowest since April 2009. Global financial markets reacted to the Greek election on Monday with the euro dropping to an 11-year low against the dollar. [MKTS/GLOB] The European currency had come under pressure on Friday after the European Central Bank said it would flood markets with over a trillion euros, more than expected, to prevent the euro zone from sliding into deflation. More»
Amwal Al Ghad English - 2015-01-26 08:18:33
The euro skidded to an 11-year low and stock prices fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with international lenders. The euro fell to an 11-year low of $1.1098 EUR= on the vote outcome before recovering to $1.1186, still down 0.2 percent from last week. The election was the second blow since last week for the euro, still smarting after the European Central Bank unveiled a huge bond-buying stimulus program. European shares are expected to take a beating, with spreadbetters seeing a fall of 1.0-1.1 percent in Germany's DAX .GDAX and other core countries. Southern European countries could see a fall of almost 2 percent. As concerns grew that the Greek election results could lead to renewed instability in Europe, U.S. stock futures ESc1 fell 0.5 percent in Asia. Japan's Nikkei .N225 closed down 0.3 percent, and MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was also off 0.3 percent Safe-haven assets were in favor, with the 30-year U.S. bonds yield hitting a record low of 2.336 percent US30YT=RR. The 10-year notes yield fell 5 basis points to 1.759 percent US10YT=RR. The Swiss franc rose 0.4 percent to 0.87684 to the dollar CHF= while the yen edged up to 117.60 to the dollar JPY=. More»
Amwal Al Ghad English - 2015-01-21 08:49:26
Oil prices edged up on Wednesday in a further sign of support around current levels, but analysts said the outlook for the next six months remained bleak due to oversupply. Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast and key producer Iran hinted prices could drop to $25 a barrel without supportive OPEC action. Prices stabilised on Wednesday, with traders pointing to buying this week whenever benchmark Brent crude LCOc1 dropped towards $48 a barrel. Brent spent most of Asia's trading hours below $48.50 but rose to $48.54 by 0810 GMT, up more than half a dollar, while U.S. crude CLc1 was up 53 cents at $47 a barrel. But analysts said they expected prices to remain low for the next half-year. "We see little scope for avoiding a large stock build in 1H15 and therefore anticipate weak prices ... Commodity price strength is inversely related to the dollar. With the U.S. in monetary tightening mode and Europe and Japan in an expansive phase, an expected stronger dollar will create headwinds for any upward oil price improvement," BNP Paribas said in a note. Morgan Stanley said in a note on Wednesday: "A large inventory buildup would be problematic, even when fundamentals turn, inventory overhangs typically need to be worked off before prices rally sustainably." Lower oil prices are bringing down inflation in many countries, especially Asian and European economies that have to import to meet a lot of their demand. "Headline inflation rates have come down sharply in developed economies because of low oil prices ... The global low-inflation environment has created room for policy easing in key economies, most notably in the euro area," U.S.-based Pira Energy Group said in an overnight note. More»
Amwal Al Ghad English - 2015-01-19 07:18:42
The euro flirted with 11-year lows on Monday as investors braced for the European Central Bank to take its boldest steps yet to combat deflation and revive the euro zone economy. The common currency last traded at $1.1557, not far from a trough of $1.14595 hit on Friday. Against the yen, it fetched 135.17, near a three-month low of 134.70. That the ECB will launch a large-scale sovereign bond-buying program at its Jan. 22 meeting is no longer in question, but what is unknown is how the plan will be designed and whether it will be seen as credible and sufficient. "There will no doubt be a lot of wire traffic after Thursday's meeting about these details and such structural shortcomings, but the total QE to be announced will get prime attention," said David de Garis, senior economist at National Australia Bank, adding the market was now looking for quantitative easing of 1 trillion euros. The euro struggled near a four-month low against the Australian dollar and a record low against the New Zealand currency. Against the Canadian dollar, the euro remained within near a 16-month low of C$1.3749 set on Friday. More»
Amwal Al Ghad English - 2015-01-19 07:13:19
Oil prices fell in early Asian trade on Monday, with markets expecting gloomy Chinese economic data to be published this week. Chinese new home prices fell an average 4.3 percent year-on-year in 68 of the 70 major cities monitored. That was an appetizer to Tuesday's report on gross domestic product which is expected to show China's annual growth slowed to 7.2 percent in the last quarter, meaning full-year growth would undershoot Beijing's 7.5-percent target and would be the weakest in 24 years. In Europe, the main event of the week will be Thursday's meeting of the European Central Bank (ECB), which is considered almost certain to see the launch of a government bond-buying campaign, pointing to further euro falls against the dollar as well as to downward pressure on oil prices. "Commodity markets to be driven by currency markets and expectations of ECB quantitative easing this week," ANZ bank said in a note on Monday. Benchmark Brent crude futures were trading at $49.75 per barrel at 0225 GMT, down 42 cents since their last settlement. U.S. crude was trading down 37 cents at $48.32 a barrel. Oil prices have dropped by more than half since last June as production around the world has soared while demand slows. Although the International Energy Agency (IEA) said that a reversal in trend was possible this year, it added that prices may fall further before the market begins to rise again. Analysts said that prices would likely rise away from levels below $50 per barrel, but many noted that the longer-term outlook was for oil prices to remain at lower levels than in recent years. "We do not subscribe to the theory of US$20/bbl (barrel) oil. The price may go down to the US$30/bbl level for a short while, but it will bounce back," research firm Facts Global Energy (FGE) said in its January note to clients. "We will be in the US$60-80/bbl price range till end of the decade," it added. U.S. markets will be shut on Monday for a public holiday. More»
Amwal Al Ghad English - 2015-01-17 08:53:57
U.S. crude oil prices staunched seven weeks of losses rising 33 cents on the week as it rallied just before settlement because of short covering ahead of the contract expiration Tuesday. Prices received a strong boost from a report by the International Energy Agency (IEA), which said there were signs lower prices had begun to curb production in some areas, including North America. Another report from the University of Michigan spurred a second rally, due to consumer sentiment being at its highest level in more than a decade, thanks to low gasoline prices and job gains. "That Michigan number was significant," said John Kilduff, a partner at Again Capital LLC. It's a "pretty good harbinger for the economy going forward." WTI CLc1 settled up $2.44 at $48.69 a barrel. Global Brent crude futures for March LCOc1 settled up $1.90 at $50.17. Still, there were headwinds from the dollar. The dollar hit new multi-year highs versus the euro, which dropped to a record low after the Swiss National Bank unexpectedly dropped its currency cap on Thursday. The dollar index .DXY was up .28 percent. Bullish reports on consumer sentiment and production were beset by several headwinds, making for a volatile market said Tariq Zahir of Tyche Capital Advisors. Additionally, while reports may indicate increasing demand, the global supply glut is still outweighing it, he said. "Demand is on the increase, it's still not catching up to supply," Zahir said. More»
Amwal Al Ghad English - 2015-01-15 07:57:49
Crude oil dipped on Thursday after a volatile session the previous day, when prices rebounded sharply from near-six-year lows that reflected a global oversupply. Wednesday's 4.5 percent surge in Brent crude futures LCOc1, the biggest percentage gain since June 2012, came as traders covered themselves on expiring options. However, the tone remains bearish because of the supply glut and on Thursday Brent had fallen back 19 cents to $48.50 a barrel by 0605 GMT. On Tuesday it hit $45.19, the lowest since March 2009. U.S. crude CLc1 was trading at $48.38 a barrel, down 10 cents. "We are again lowering our oil price forecast to reflect what will likely be an oversupplied market through at least the first half of 2015," U.S. investment bank Jefferies International said on Thursday. "We are lowering our Brent price forecast: to $50.25/barrel from $72.25/barrel in 2015; to $67.50/barrel from $83/barrel in 2016; and to $77.25/barrel from $90/barrel in 2017," it said. Jefferies said the use of floating storage would, in the near term, absorb barrels from the market in excess of physical demand, but noted that "those same barrels will eventually be delivered and could moderate a future price recovery". More»
Amwal Al Ghad English - 2015-01-13 08:56:45
The dollar fell slightly against the yen in Asian trade Tuesday, with dip-buying kicking in to lift the greenback off a one-month low. The dollar USDJPY, -0.05% was down slightly to ¥118.24 compared with ¥118.35 late Monday in New York. With the benchmark Nikkei Stock Average NIK, -0.64% falling as much as 2.1% earlier in the session amid sliding oil prices, the dollar started extending its downside against the yen, perceived as a safe haven in times of financial instability. The greenback’s fall to just below the ¥118 mark triggered options-related stock-loss selling orders that earlier gave the U.S. currency an extra shove to as low as ¥117.74, its lowest since Dec. 17. But the downside was supported with bids related to dip buying that helped the dollar recover to above ¥118 later in the session. The Nikkei was up 1.5% midday, erasing some earlier losses. In addition to stock-market weakness on soft oil prices, the yen’s strength against rivals other than the dollar was cited as a reason for pressure on the dollar-yen. The yen strengthened against the euro EURJPY, -0.13% which was briefly at ¥139.45, its lowest since Oct. 31. The euro later recovered to ¥139.98 from ¥141.06 in New York. “I think the investor focus is gradually shifting toward Europe” ahead of the European Central Bank’s closely monitored policy-setting meeting scheduled for Jan. 22, said Toshihiko Sakai, senior manager of forex and financial products trading division a Mitsubishi UFJ Trust and Banking. Sakai said he had the impression the dollar is losing against the yen without any particular momentum. Instead, he thinks the pair will likely move in tandem with the yen’s strength against the euro and other rival currencies, adding that the common currency is likely to fall below ¥138 by the end of the month. Among other currency pairs, the euro EURUSD, -0.08% was almost unchanged at $1.1839 from $1.1837. The WSJ Dollar Index BUXX, +0.11% a measure of the dollar against a basket of major currencies, was up 0.06% to 83.95. More»
Amwal Al Ghad English - 2015-01-13 07:14:17
The Egyptian pound was unchanged at a central bank dollar sale on Monday and strengthened on the black market. The bank offered $40 million at the sale and said it had sold $38.4 million at a cut-off price of 7.1401 pounds to the dollar, a rate unchanged from its last sale on Sunday. 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, one money changer said the pound was trading at 7.75 to the dollar on Monday, stronger than levels of 7.79 reported on Sunday. The central bank introduced a fourth weekly dollar auction in December as part of efforts to curb a flourishing currency black market after the gap between the official and unofficial rates widened. Though the pound strengthened on Monday, overall the move has so far failed to narrow the gap substantially. More»
Amwal Al Ghad English - 2015-01-12 09:15:07
The euro could reach parity with the dollar by January 2017 — and it could fall as low as 90 cents by January 2018, Goldman Sachs said Friday in a research note. Goldman GS, -1.53% revised its forecasts for several currency pairs to reflect what it predicts will be a prolonged period of dollar strength DXY, +0.43% as the U.S. economy continues to show strong growth ahead of imminent interest-rate increases by the Federal Reserve. Goldman said while the eurozone emerged from its sovereign debt crisis in mid-2012, the region continues to struggle with crises related to faltering growth and competitiveness, according to Goldman analysts Robin Brooks, Fiona Lake and Michael Cahill. As a result the euro EURUSD, -0.26% is likely to continue to fall relative to the dollar The bank also lowered its year-end 2015 forecast for the euro’s  value relative to the pound EURGBP, +0.06% to £0.73, from its previous forecast of £0.75. It left its year-end 2016 and year-end 2017 forecasts unchanged at £0.70 and £0.65 pounds. In other currency trading, Goldman said it now expects the Australian dollar to weaken to 75 cents by the end of 2015, down from its previous forecast of 79 cents as commodity prices continue to weaken. It expects the aussie to hold that level through 2017. Goldman made their last downward revision to the euro after ECB President Mario Draghi’s speech at the Federal Reserve’s conference at Jackson Hole, Wyo. in August. More»