Nifty 50 Index Hits Record High Amid Foreign Investment and Economic Growth
By Samir Al Khoury, The Indian Nifty 50 index continues its upward trajectory, recording 24,461 points yesterday, its highest level ever. It has also risen by approximately 16% since its low on 24 January 2024, when it recorded 21,137 points. As of now, it is trading near 24,300 points. These notable increases in Indian stocks […]
Nikkei 225 Hits Record High Despite Economic Weakness
By Samir Al Khoury, Despite the weakness of the Japanese economy, the Nikkei 225 Index continues its upward trend, reaching a record high of 41,769 points. This index outperforms most global stock indices, having risen by about 26% since the beginning of the year until yesterday’s session. These notable increases in Japanese stocks can be […]
The most important events of the past week
By Samir Al Khoury, United States of America The Manufacturing PMI recorded a growth of 51.6 points, which is lower than expectations (51.7) but higher than the previous reading (51.3). The construction spending index declined on a monthly basis, recording a contraction of 0.1%, which is a lower percentage than expectations and the previous reading […]
Egyptian EGX30 Index Hits New Highs Amidst Economic Stability and Foreign Inflows
By Samir Al Khoury, The Egyptian main index, EGX30, continues its upward trend for the 13th consecutive day, reaching 28,364 points yesterday—its highest level since April 22, 2024. This represents a 17% increase from the low of 24,192 points on May 1, 2024, to the close of yesterday’s session. Despite the sharp fluctuations in the […]
Bitcoin’s Performance in 2024: Trends, Influences, and Future Predictions
By Samir Al Khoury, How has Bitcoin performed since the beginning of the year until today? The price of Bitcoin has increased by about 40% since the beginning of the year to date and is currently trading near the $59,000 levels, outperforming the Nasdaq 100 (up about 21%), the S&P 500 (up about 17%), and […]
Qatari Main Index Hits Highest Level Since March Amid Banking Sector Surge
By Samir Al Khoury, The Qatari main index continues its upward trajectory for the 22nd day in a row, reaching levels above 10,000 points, specifically 10,049 points today. This marks its highest level since March 26, 2024. It has also risen about 10% since the low of May 30, 2024, when it recorded 9,165 points—its […]
Factors Driving Crude Oil Prices Upward: Geopolitical Tensions, Economic Data, and Technical Indicators
By Samir Al Khoury, It seems that the upward trend of crude oil prices is prevailing in the next stage, with oil prices benefiting from several positive factors, the most prominent of which are: • Continuing geopolitical tensions in the Middle East, the Red Sea, and the Russian-Ukrainian war • Improved economic data from China, […]
The most important events of the past week
By Samir Al Khoury, United States of America • The Consumer Confidence Index recorded 100.4 points, which exceeded expectations (100.0) and the previous reading (101.3). • The core durable goods orders index declined, recording a contraction of 0.1%, which is lower than expectations (0.2%) and the previous reading (0.4%). • The new home sales index […]
Anticipating the US Dollar Index Movement Before Core PCE Price Index Release
By Samir Al Khoury, The US Dollar Index, which measures the dollar’s performance against a basket of six major currencies, rose to 106.13 points today, its highest level since May 1, 2024. It is currently hovering around the 106 level. It appears that the level of 106.13 points is a stubborn resistance level, and any […]
Turkish Lira Struggles Against Economic Challenges: A Market Overview
By Samir Al Khoury, The Turkish lira continues to weaken against the US dollar, with the dollar reaching a historic high of 33.0274 lira on Tuesday, June 25, and currently hovering around 32.90 lira per dollar. Turkey’s annual consumer price index remains very high, at 75.45% in May, exceeding expectations (74.80%) and the previous figure […]
