DOMICILIATION

Noha Makram – Live – The majority of Asian markets rose on Tuesday, recovering from a selling wave witnessed in the previous session, with the Nikkei index recording its highest levels in 33 years on the back of gains in technology stocks.

The index rose by 1.16% to close at its highest levels since March 1990 at 33,763.18, and the Topix index rose by 0.82% to close at 2,413.09.

Tokyo’s inflation rate slowed to 2.4% in December from 2.6% the previous month, while core inflation, which excludes volatile prices such as food, held steady at 2.1%, in line with expectations.

The Hang Seng Index in Hong Kong also rose by 0.34%, while the Chinese main index, the CSA 300, remained high by 0.29%.

While the South Korean KOSPI index fell by 0.26% to 2,561.24, making it the only index that slid into the red zone after Samsung Electronics, the heavyweight in the index, lowered its profit expectations for the fourth quarter of 2023.

During evening trading in the United States, the three major indices rose supported by technology stocks.

Nvidia shares rose 6.4%, reaching their highest levels ever, while Amazon shares jumped nearly 2.7%, pushing the Nasdaq index higher. Alphabet shares rose by 2.3%, while Apple shares rose by 2.4%.

The S&P 500 index also rose by 1.41%, and the Nasdaq Composite rose by 2.2%, which is the best performance for the index since the fourteenth of November.

The Dow Jones Industrial Average rose 216.90 points, or 0.58%, to settle at 37,683.01.

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Nominations:

European stocks rose at the end of Monday trading

US stocks were mixed in early trading on Monday

Global equity funds attract huge inflows on hopes of a rate cut

2024-01-09 11:34:41
#Japans #Nikkei #index #rises #highest #levels #years

Live: The majority of European stock indices rose, at the end of the first sessions of the week, on Monday, with a decline in sovereign debt yields in Germany, Italy, and the United Kingdom.

At the end of trading, the European Stoxx 600 index rose by 0.4% to 478.1 points, and gains were limited by the energy and mining sectors recording losses during the session.

While the British FTSE 100 index stabilized at 7,694 points, the German DAX rose by 0.75% to 16,716 points, while the French CAC index increased by 0.4% to 7,450 points.

The Sentix economic index for the euro zone rose to -15.8 points in January from -16.8 points, against expectations of an increase to -15.5 points. This gradual improvement indicates slightly more positive expectations, but it falls short of indicating a surge in investor confidence.

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Nominations:

“TASI” returns to the red zone under pressure from 3 major sectors… amid a decline in liquidity

MBC stock jumps 30% and tops the Saudi market in its first session

Infographic: The development of foreign investment flows in the Saudi stock market over 6 years

2024-01-08 18:24:01
#European #stocks #rose #Monday #trading

Cairo – Mubasher: The Egyptian Stock Exchange said that the right to cash distributions for the Arab Cotton Ginning Company will end at the close of the session on Sunday, January 21.

The Stock Exchange stated, in a statement today, Thursday, that it was decided to distribute the Arab Cotton Ginning Coupon No. (23) at 0.250 pounds per share, effective January 24.

It is noteworthy that Arabian Cotton Ginning recorded a net profit of 400.52 million pounds from the beginning of July 2022 until the end of June 2023, compared to 208.25 million pounds in profits during the previous fiscal year.

Arabian Halij sales increased during the last fiscal year to 3.36 billion pounds, compared to 2.07 billion pounds during the previous fiscal year.

It is noteworthy that Arabian Cotton Ginning recorded independent profits for the last fiscal year (2022-2023), amounting to 79.17 million pounds from the beginning of July 2022 until the end of June 2023, compared to 34.22 million pounds in profits during the previous fiscal year.

Arabian Halij sales increased during the last fiscal year to reach 91.93 million pounds, compared to 68.78 million pounds during the previous fiscal year.

The company attributed the increase in annual profits to the increase in the amount of cotton ginned during the past season by 14%, on an annual basis.

Investment revenues also increased from 9 million pounds in June 2022 to 58 million pounds in June 2023. That is, an annual increase of 529%.

Among the reasons is also the increase in the yield on treasury bills from 10 million pounds in June 2022 to 14 million pounds in June 2023, with an annual increase of 33%.

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Nominations

The Central Bank of Egypt cancels the operating licenses of 7 exchange companies

Egypt: 3.98% decrease in the index of manufacturing industries during October

2024-01-04 07:12:51
#Stock #Exchange #announces #date #distribution #Arabian #Cotton #Ginning #Coupon

Direct: Dragon Oil Company, wholly owned by the Dubai government, announced the start of crude oil production from the Al Wasl field north of Safa in Egypt, which is the company’s first oil discovery there.

The operation of the Al Wasl offshore platform came after the successful implementation of the first phase of early production of the North Safa field, after the completion of the evaluation operations of the well south of Belayim, which was put on production at an initial rate of 3,000 barrels of crude oil per day.

The “North Safa” field, which was discovered in 2021 by “Dragon Oil”, is the largest oil discovery in the Gulf of Suez region during the last twenty years, with an oil reserve that exceeded 95 million barrels at the very least, which prompted “Dragon Oil” to adopt an ambitious project. For early production with a total investment of $200 million.

The company said in a statement today, Tuesday, that the Al Wasl field includes establishing a new offshore production platform and carrying out procedures such as extending a production line and an electricity line to operate oil production pumps in addition to water injection, in order to maintain high production rates and achieve the highest development rates for existing reserves.

The statement added that the company intends to complete the field development work as soon as possible, by connecting the second well south of Belayim 293-6 to the production line during the middle of this January, to raise the production capacity to 3,000 barrels of crude oil per day, bringing the offshore platform’s production to 6,000. A barrel of crude oil per day.

According to the plan agreed upon with the Egyptian authorities, Dragon Oil will drill 7 new wells during the next two years, aiming to reach 15,000 barrels per day of crude oil for the Al Wasl field.

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Nominations

Harvest 2023.. The Egyptian pound exchange rate gap is worsening and expectations of further devaluation

Harvest 2023.. This is how international institutions view Egypt’s economy!

Harvest 2023.. Will inflation decline in Egypt during 2024?

Harvest 2023.. The Egyptian Stock Exchange gains 758.5 ​​billion pounds in market gains thanks to inflation hedging

2024-01-02 15:18:57
#Dragon #Oil #raising #production #Egyptian #North #Safa #field #barrels #oil #day

Abu Dhabi – Mubasher: Eshraq Investment Company announced that it will continue purchasing a share of its shares.

In a disclosure to the Abu Dhabi Securities Market, today, Tuesday, the company explained that it had purchased 105,000 shares of its stock.

She confirmed in the disclosure that this is within the framework of the share buyback program approved by the Securities and Commodities Authority.

It indicated that the price of the purchased shares amounted to 0.4 dirhams per share in each transaction, noting that the purchase was made through its broker, First Abu Dhabi Securities.

She pointed out that the number of shares remaining for purchase, according to the approval of the UAE Securities and Commodities Authority, is 147 million shares.

On December 20, Ishraq Investment Company announced the purchase of 700,000 shares of its stock, within the framework of a share buyback program approved by the Securities and Commodities Authority.

She explained that the share price reached 0.4 dirhams in each transaction, noting that purchases are made through her broker, First Abu Dhabi Securities.

The company indicated that the number of shares remaining for purchase, according to the approval of the Securities and Commodities Authority, is 149.6 million shares.

This comes a day after the company announced the purchase of 400,000 shares. This brings the number of shares purchased in two days to 1.1 million shares.

Ishraq Investment Company, listed on the Abu Dhabi Securities Market, has transformed into: For losses during the first nine months of the current year 2023.

Ishraq Investment Company suffered losses of about 81.4 million dirhams during the period ending last September 30, compared to profits of 481.5 million dirhams during the same period in 2022.

The company attributed the reason for recording losses during the current period to recording a loss in changes in the fair value of financial assets at fair value of 52.1 million dirhams during the first nine months of 2023, compared to achieving a gain in the fair value of financial assets of 468.3 million dirhams during the same period of the previous year.

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Nominations:

“Eshraq Investment” profits decrease by 74% in the first half

2024-01-02 05:43:18
#Emirati #Eshraq #buys #shares

Live: US stock indices rose at the end of Wednesday’s session, with markets evaluating the Treasury Department’s sale of $58 billion in debt due to be repaid after 5 years, which led to a decline in 10-year bond yields to their lowest level in 5 months.

At the end of trading, the Dow Jones Industrial Average rose to a new record close of 37,656 points, adding about 0.3%, or the equivalent of 111 points.

The value of the “S&P 500” index also increased by about 0.15%, equivalent to 6 points, at 4,781 points, while the “Nasdaq” index rose by approximately the same percentage, or the equivalent of 24 points, at 15,099 points.

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Nominations

Harvest 2023.. Is the rally in gold prices in Egypt likely to continue?

Harvest 2023.. The Egyptian pound exchange rate gap is worsening and expectations of further devaluation

Harvest 2023.. This is how international institutions view Egypt’s economy!

Harvest 2023.. Will inflation decline in Egypt during 2024?

2023-12-27 21:23:53
#stocks #rose #Wednesdays #trading