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Publication: Arab Finance

First reported 21 hours ago - Updated 21 hours ago - 1 reports

EGX30 dips 1.56 % this week amid mostly red performance

Arab Finance: Egypt’s stock exchange benchmark EGX 30 index dipped by 1.56 % this week, representing a decline of 84.76 points, ending Thursday’s transactions at 5,343.21 points compared to 5,427.97 points at the end of last week.Regarding current week ... [Published Arab Finance - 21 hours ago]

Entities: VimpelCom Ltd, Orascom Telecom Holding, Commercial Bank

First reported May 23 2013 - Updated May 23 2013 - 1 reports

SODIC 1Q/13 net income significantly below forecast on weak deliveries; Hermes

Arab Finance: EFG-Hermes stated, in a recent report that, SODIC (OCDI) has reported 1Q2013 net income before minorities of only LE 6 million, significantly below our LE 34 million forecast.Hermes added that, We view the results negatively, given the weak ... [Published Arab Finance - May 23 2013]

Entities: Juhayna, EFG-Hermes Holding SAE, Cairo

First reported May 23 2013 - Updated May 23 2013 - 1 reports

SODIC to direct LE 150 m loan to Polygon administrative project

Arab Finance: Ashraf Farid, Operations Managing Director of Six of October Development & Investment (SODIC) - (OCDI), revealed that Sodic to direct the LE 150 million medium term loan from Societe Arabe Internationale De Banque to complete its Polygon ... [Published Arab Finance - May 23 2013]

First reported May 22 2013 - Updated May 22 2013 - 1 reports

Orascom Telecom Holding

EGX30 returns to green performance, rises by 0.23 % on Wednesday

Arab Finance: Egyptian stock exchange main index EGX30 returned to green performance and rose by 0.23 % on Wednesday to close at 5,419.51 points, compared to 5,414.45 points on Tuesday.Market trade volume reached 40,115,754 shares amounted to LE 225, ... [Published Arab Finance - May 22 2013]

Entities: EFG-Hermes Holding SAE, Orascom Telecom Holding, Net Profit

First reported May 22 2013 - Updated May 22 2013 - 1 reports

EFG-Hermes Holding SAE

EFG-Hermes Q1/13 profits hit LE 98 m

Arab Finance: Egyptian Financial Group-Hermes Holding Company (HRHO) reported consolidated financial results posting a net profit of LE 98,038,777 for the period from 01/01/2013 till 31/03/2013.Noting that, it posted net profits of LE 77,016,622 for the ... [Published Arab Finance - May 22 2013]

Entities: EFG-Hermes Holding SAE, Net Profit

First reported May 22 2013 - Updated May 22 2013 - 1 reports

Daily Technical Analysis Report on May 22 , 2013

The index again slightly gone down since the beginning of the session reached the level of 5407 which is the close of the session , still under the current adamant resistance levels at 5450 / 5500 area accompanied by moderate volume , breaching the area ... [Published Arab Finance - May 22 2013]

Entities: Technical Analysis, Arabic, Index

First reported May 21 2013 - Updated May 21 2013 - 2 reports

OCI Orascom Construction Industries

EGX30 extends losses and retreats by 0.46 % on Tuesday, eyes on Sinai

Arab Finance: Egyptian stock exchange main index EGX30 extended losses for the second day amid fluctuated performance and retreated by 0.46 % on Tuesday to close at 5,414.45 points, compared to 5,432.15 points on Monday.Market trade volume reached 59,341,888 ... [Published Arab Finance - May 21 2013]

Entities: OCI Orascom Construction Industries, EFG-Hermes Holding SAE, EBITDA, Orascom Telecom Holding, Fertilizer

First reported May 20 2013 - Updated May 20 2013 - 1 reports

Oman GDP grew by 5.0% in 2012; expected to grow further by 4.2% in 2013; Global

Muscat - Oman’s real GDP expanded steadily over the past few years, with an estimated growth rate of 5.0% in 2012, which was lower than government’s target of 7.0% and was almost close to the IMF forecast.Oil and gas continue to dominate the Omani economy, ... [Published Arab Finance - May 20 2013]

Entities: Oman, Trade Surplus, Oil Production

First reported May 19 2013 - Updated May 20 2013 - 2 reports

Daily Technical Analysis Report on May 20 , 2013

The index slightly gone down today since the beginning of the session reached the level of 5432 which is the close of the session , still under the current adamant resistance levels at 5450 / 5500 area accompanied today by moderate volume , breaching ... [Published Arab Finance - May 20 2013]

Entities: Technical Analysis, Arabic, Index

First reported May 20 2013 - Updated May 20 2013 - 2 reports

EGX30 erodes early gains, retreats by 0.35 % on Monday

Arab Finance: Egyptian stock exchange main index EGX30 eroded early session’s gains and retreated by 0.35 % on Monday to close at 5,432.15 points, compared to 5,451.23 points on Sunday.Market trade volume reached 77,894,357 shares amounted to LE 781, ... [Published Arab Finance - May 20 2013]

Entities: Erosion, EFG-Hermes Holding SAE, Arab Cotton Ginning

First reported May 19 2013 - Updated May 19 2013 - 2 reports

EGX30 starts week in green, rises by 0.43 % on Sunday

Arab Finance: Egyptian stock exchange main index EGX30 started week in green after fluctuated session and rose by 0.43 % on Sunday to close at 5,451.23 points, compared to 5,427.97 points on Thursday.Market trade volume reached 41,735,228 shares amounted ... [Published Arab Finance - May 19 2013]

Entities: VimpelCom Ltd, Orascom Telecom Holding, Al Ezz Steel Rebars Company

First reported May 19 2013 - Updated May 19 2013 - 1 reports

Moody's downgrades KFH long term ratings to A1, outlook negative

Kuwait - Moody's Investors Service has today (16 May) downgraded Kuwait Finance House's (KFH) long term ratings by one notch to A1 from Aa3.Moody's also downgraded KFH's baseline credit assessment (BCA) and bank financial strength rating (BFSR) by two ... [Published Arab Finance - May 19 2013]

Entities: Moody's Corporation, Kuwait Finance House, Investment Income

Quotes

"Vimpelcom spends around $50 million a year on its Cairo HQ, and taxes in Egypt are very high" said another source familiar with Vimpelcom's plans

EGX30 dips 1.56 % this week amid mostly red performance [Published Arab Finance - 21 hours ago]

It said the loss was "mainly driven by the adverse impact of foreign exchange losses of $173 million and the impairment of assets held for sale by $58 million, as to reflect the fair value of our operations in CAR (Central African Republic) and Burundi."

EGX30 edges 0.4 % higher this week amid strong Q1 results [Published Arab Finance - May 16 2013]

"At this stage you have little choice in the region for investment opportunities after the rally in the UAE, Kuwait and Saudi consumer names - Qatar is a good candidate" said Ali Adou, portfolio manager at The National Investor

Qatar rises to 27-month high; most Gulf markets up [Published Arab Finance - May 13 2013]

"It's clear there is money coming in from outside of Kuwait - trading values are supportive of new foreign investors" said Fouad Darwish, head of brokerage services at Global Investment House

Kuwait rises as turnover surges; most Gulf markets up [Published Arab Finance - May 09 2013]

More Content

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EGX30 dips 1.56 % this week amid mostly red per... [Published Arab Finance - 21 hours ago]
SODIC 1Q/13 net income significantly below fore... [Published Arab Finance - May 23 2013]
SODIC to direct LE 150 m loan to Polygon admini... [Published Arab Finance - May 23 2013]
EGX30 returns to green performance, rises by 0.... [Published Arab Finance - May 22 2013]
EFG-Hermes Q1/13 profits hit LE 98 m [Published Arab Finance - May 22 2013]
Daily Technical Analysis Report on May 22 , 2013 [Published Arab Finance - May 22 2013]
EGX30 extends losses and retreats by 0.46 % on ... [Published Arab Finance - May 21 2013]
EFG-Hermes maintains Orascom Construction Neutr... [Published Arab Finance - May 21 2013]
Daily Technical Analysis Report on May 20 , 2013 [Published Arab Finance - May 20 2013]
EGX30 erodes early gains, retreats by 0.35 % on... [Published Arab Finance - May 20 2013]
Oman GDP grew by 5.0% in 2012; expected to grow... [Published Arab Finance - May 20 2013]
EFG-Hermes cuts Lecico Egypt FV to LE 8.5/share... [Published Arab Finance - May 20 2013]
Daily Technical Analysis Report on May 19 , 2013 [Published Arab Finance - May 19 2013]
EGX30 starts week in green, rises by 0.43 % on ... [Published Arab Finance - May 19 2013]
Moody's downgrades KFH long term ratings to A1,... [Published Arab Finance - May 19 2013]
OT's split agreement prevents from delisting be... [Published Arab Finance - May 19 2013]
Government to support tourism with LE 6 bln fun... [Published Arab Finance - May 19 2013]
EGX30 edges 0.4 % higher this week amid strong ... [Published Arab Finance - May 16 2013]
EGX30 ends week in red, retreats by 0.51 % on T... [Published Arab Finance - May 16 2013]
Egypt's tourist numbers up 20 % in March [Published Arab Finance - May 15 2013]
Daily Technical Analysis Report on May 13 , 2013 [Published Arab Finance - May 14 2013]
Qatar rises to 27-month high; most Gulf markets up [Published Arab Finance - May 13 2013]
EGX30 reverses upside trend, retreats by 0.54 %... [Published Arab Finance - May 13 2013]
Citadel Capital shrinks 2012 loss to LE 702 m [Published Arab Finance - May 12 2013]
Kuwait rises as turnover surges; most Gulf mark... [Published Arab Finance - May 09 2013]
EGX30 closes unchanged, edges 0.01 % higher on ... [Published Arab Finance - May 09 2013]
Dana Gas successfully completes sukuk refinancing [Published Arab Finance - May 09 2013]
Lecico Egypt Q1/13 net profits rise 28 % to LE ... [Published Arab Finance - May 09 2013]
Daily Technical Analysis Report on May 08 , 2013 [Published Arab Finance - May 08 2013]
Juhayna Q1/13 profits double to LE 95 m [Published Arab Finance - May 08 2013]