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IndexLevelChg%
Large Cap4,040 1.47
Med Cap3,813 1.12
Small Cap4,857 0.75
Micro Cap8,140 0.78

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ETISALAT 17.15 1,265,926
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Forex News


Egypt currency, debt in demand as FX reforms’ impact kicks in


A steadily rising pound and falling government bond yields suggest Egypt’s financial markets may be turning the corner after decisive action by the central bank to crush a dollar black market. The pound rose sharply to 16.6 per dollar yesterday, its

Dollar index rises as Yellen sees another rate increase


The dollar rose to a three-week peak against a basket of major currencies on Tuesday as investors raised their outlook on a faster pace of US rate increases following comments from Federal Reserve Chair Janet Yellen. Yellen's remarks reinforced recent

Japanese exports surge on weaker yen in Q4


Japan’s economy grew for a fourth straight quarter in the final three months of last year as a weaker yen supported exports, but tepid private consumption and the risks of rising US protectionism cast doubts over a sustainable recovery. Data yesterday

Dollar poised to eke out first weekly gain since Christmas


The dollar was poised for its first weekly advance of the year after extending gains that accelerated Thursday when President Trump re-energised the “Trump trade” with talk of a “phenomenal” announcement on tax reform within two to three weeks. The

Egyptians ditch imports and buy local as pound sinks


Egyptian chocolate spread maker Swifax has doubled its sales and is struggling to keep up with demand since the pound currency dived in November, forcing shoppers traditionally “obsessed with everything foreign” to ditch pricy imports and buy local.

Trapped China cash breathes life into HK yuan banking


nks in Hong Kong are finding a new source of revenue in helping multinational companies deal with a growing headache: how to cope with tightening restrictions on transferring profits and dividends out of China. As Beijing clamped down on outflows that

Dollar rallies as Trump pledges tax move


The dollar extended a rally yesterday after US President Donald Trump said he would release details of a "phenomenal" tax-cut plan, which lifted also global stock markets. Japan's Nikkei index led the advance, piling on 2.5 percent as the yen sank, while

Euro set for biggest daily fall of 2017 vs dollar


Beset by political worries, the euro was set for its biggest daily fall of 2017 on Tuesday as broad gains halted a four-week run lower in the US dollar. In morning trade in Europe, the single currency shed 0.8 percent to fall below $1.07, with investors

Dubai tourists find currency exchange rates a challenge


Tourist numbers to Dubai from countries with weak currencies dropped significantly last year, figures from the Department of Tourism and Commerce Marketing (Dubai Tourism) showed. Helal Saeed Almarri, the director general of Dubai Tourism, acknowledged

POLL-Trump’s policies to drive FX, but strong dollar here to stay


The dollar will resume its upward climb in the coming year, but extreme near-term moves in either direction are possible, driven more by US President Donald Trump’s expected fiscal stimulus than by his words, a Reuters poll found. After mostly gaining

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