tradearabia-

Saudi Basic Industries Corporation (Sabic) has expanded the scope of converting crude oil to chemicals project with Saudi Aramco to include existing development programmes of advancing crude to chemicals technologies as well as through integrating existing facilities.

This is done by taking into consideration both companies future plans and opportunities. Sabic and Saudi Aramco are looking at opportunities for integration with existing facilities to maximize the economic value while evaluating the optimal technical options and market risks, Sabic said in a statement on its website.

Consequently, both parties intend to re-evaluate the scope of the COTC complex project and study the integration of Saudi Aramco’s existing refineries in Yanbu with a world-scale mixed feed steam cracker and downstream olefin derivative units.

Sabic and Saudi Aramco remain committed to continue advancing crude to chemicals technologies through existing development programs with the goal to increase cost efficiency, competitiveness and value creation opportunities for petrochemicals.

On November 26, 2017, Sabic and Saudi Aramco signed a memorandum of understanding with to study the feasibility of developing an industrial complex to convert crude oil to chemicals

The average daily trading volume for the period 18/10 – 22/10 reached JD (3.4) million compared to JD (4.0) million for the last week, a decrease of (13.5%). The total trading volume during the week reached JD(17.2) million compared to JD (19.9) million during the last week. Trading a total of (20.7) million shares through (8227) transactions.

Financial led the trading with JD(8.8) million or (51.2%) of the total trading volume. The Industrial followed with a JD(4.5) million or (26.1%). Finally, the Services with a JD(3.9) million representing(22.8%) of the total trading volume.

The shares price index closed at (1558.3) points, compared to (1572.2) points for the last week, a decrease of (0.88%). The Financial index decreased by (0.87%), the Industrial index decreased by (0.08%), and the Services index decreased by (0.79%).

The shares of (130) companies were traded, the shares prices of (42) companies rose, and the shares prices of (51) declined.

The top five gainers during the week were, the Siniora Food Industries Plc by (18.96%), International For Medical Investment by (10.09%), Al-tahdith For Real Estate Investments Company by (10.00%), National Insurance by (9.41%), and Specialized Jordanian Investment by (9.33%).

The top five losers were, the Jordan Steel by (13.04%), Alentkaeya For Investment&realestate Development Company Plc by (12.86%), Transport& Investment Barter Company by (7.41%), Union Tobacco & Cigarette Industries by (7.09%), and Amwaj Properties by (6.25%).

Trading value for Thursday 22 October 2020 reached USD 0.12 million. 15,381 shares were traded through 16 transactions.

During the session 4 instrument(s) were traded, the prices of 2 instrument(s) rose, the prices of 2 instrument(s) decreased, while the prices of 0 instrument(s) remained unchanged.

The Stock Capitalization of the listed companies increased by 0.91% to reach USD 6,511 million, against USD 6,452 million for the previous session.

Company: Sues Canal Company For Technology Settling
Symbols: EGS740C1C010
Reuters: SCTS.CA
Content:
A statement from the company stating that the Court of Cassation decided to postpone the Appeal No. 23678 from Al-Ahly Investment Company against the Suez Canal Company for Technological Settlements, judgment No. 162 to 12/16/2020.
The Release (129 KB)

saudigazette-


As a crucial step towards the socio-economic progress of Saudi Arabia, Local Content has emerged as the cornerstone for value creation and achieving inclusive and sustainable economic growth. Therefore, the development of Local Content is an indispensable action to carve a significant advantage for the economy of the Kingdom, while complementing its mission of seeking growth with new opportunities across promising sectors.

But what counts as Local Content? Local Content is the total spend in the Kingdom of Saudi Arabia on Saudi components within labor, goods, services, assets, and technology. In other words, it is the outcome of employing local products, services, talents and technology in order to produce more products and services that add value to the Gross Domestic Product.

As a crucial step towards the socio-economic progress of Saudi Arabia, Local Content has emerged as the cornerstone for value creation and achieving inclusive and sustainable economic growth. Therefore, the development of Local Content is an indispensable action to carve a significant advantage for the economy of the Kingdom, while complementing its mission of seeking growth with new opportunities across promising sectors.

But what counts as Local Content? Local Content is the total spend in the Kingdom of Saudi Arabia on Saudi components within labor, goods, services, assets, and technology. In other words, it is the outcome of employing local products, services, talents and technology in order to produce more products and services that add value to the Gross Domestic Product.

As a government entity that has been mandated to develop and promote Local Content across the nation, the Local Content and Government Procurement Authority (LCGPA) has undertaken a mission that started with outlining a road map for exploring Local Content opportunities, followed by drafting policies for Local Content preferences, and building strategic partnerships with the public and private sector entities. We have put in place a well-thought-out strategy that will ensure constructive collaborations with stakeholders to accomplish our objective of nurturing Local Content with support and partnerships of the public and private sectors.

We are spearheading the mission with Local Content Partnerships Initiative, a framework of cooperation between LCGPA and leading national private and public entities that are also the members of the Local Content Leadership Council (LCLC) — LCGPA’s primary division for coordinating entities’ joint efforts to build Local Content on a larger capacity.

The Local Content Partnerships Initiative was launched in October 2019 following the signing of the agreements between LCGPA and Saudi Aramco, SABIC, Maaden, STC, Saudi Electricity Company (SEC), Saudi Arabian Airlines (Saudia) and the Council of Saudi Chambers (CSC). The most recent ones to join the council are the Ministry of Industry & Mineral Resources and the Ministry of Energy.

Through strategic partnerships such as these, LCGPA has introduced procedural incentives to encourage stakeholders to maximize Local Content. As part of its endeavors, LCGPA is also measuring the current local content score of companies and potential suppliers as well as baselining them before developing targets and initiatives to increase Local Content.

LCGPA has already approved the baselining of Local Content for 109 companies in different sectors that have duly filled the Local Content calculation form. The baseline is calculated through a scientific approach that takes into account the national components in the company’s assets, workforce, procurement, and capacity building.

As the Local Content baseline is a mandatory requirement as per the regulation outlined in the new Government Tenders and Procurement Law, it will certainly facilitate the national companies’ participation in upcoming government tenders and procurements.

In addition to the above, The Local Content Partnerships Initiative will help in accelerating LCGPA’s efforts towards supporting national industries, upgrading local production practices, and encouraging capacity building. Furthermore, LCGPA’s partners will support us in ensuring that the international best practices are followed in local production methods - and together we will extend the necessary technical support to local content applications and educational workshops.

Company: Marseille Almasreia Alkhalegeya For Holding Investment - Release (NILEX)
Symbols: EGS739Z1C016
Reuters: MAAL.CA
Title : Release concerning
Release from the company concerning the contribution to the capital increase of a subsidiary company (Marseille Asset Management Company).
The Release (812 KB)

Company Name : Egyptians For Housing Development & Reconstruction
ISIN Code : EGS65341C017
Reuters Code : EHDR.CA
Content :
The Listing Committee held on 22/10/2020 decided to address the company to abide by the provision of Article 31 of the Listing Rules and Article 45 of the Executive Regulations.

Investing.com -

Union Pacific (NYSE:UNP) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Union Pacific announced earnings per share of $2.01 on revenue of $4.92B. Analysts polled by Investing.com anticipated EPS of $2.05 on revenue of $4.93B.

Union Pacific shares are up 10% from the beginning of the year, still down 5.44% from its 52 week high of $210.95 set on October 16. They are outperforming the S&P 500 which is up 6.34% from the start of the year.

Union Pacific shares lost 2.25% in pre-market trade following the report.

Union Pacific's report follows an earnings missed by Canadian National Railway on Tuesday, who reported EPS of $1.38 on revenue of $3.41B, compared to forecasts EPS of $1.45 on revenue of $3.48B.

CSX had beat expectations on Wednesday with third quarter EPS of $0.96 on revenue of $2.65B, compared to forecast for EPS of $0.92 on revenue of $2.67B.

Investing.com -

Kimberly-Clark (NYSE:KMB) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Kimberly-Clark announced earnings per share of $1.72 on revenue of $4.68B. Analysts polled by Investing.com anticipated EPS of $1.75 on revenue of $4.59B.

Kimberly-Clark shares are up 7% from the beginning of the year, still down 7.33% from its 52 week high of $160.11 set on August 12. They are outperforming the S&P 500 which is up 6.34% from the start of the year.

Kimberly-Clark shares lost 2.95% in pre-market trade following the report.



Kimberly-Clark's report follows an earnings beat by Procter&Gamble on Tuesday, who reported EPS of $1.63 on revenue of $19.32B, compared to forecasts EPS of $1.41 on revenue of $18.33B.

Coca-Cola had beat expectations on Thursday with third quarter EPS of $0.55 on revenue of $8.65B, compared to forecast for EPS of $0.46 on revenue of $8.36B.

Investing.com -

Citrix Systems (NASDAQ:CTXS) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Citrix Systems announced earnings per share of $1.38 on revenue of $767.2M. Analysts polled by Investing.com anticipated EPS of $1.24 on revenue of $758.92M.

Citrix Systems shares are up 22% from the beginning of the year, still down 21.39% from its 52 week high of $173.46 set on July 22. They are under-performing the Nasdaq which is up 28% from the start of the year.

Citrix Systems's report follows an earnings matched by Taiwan Semiconductor on October 14, who reported EPS of $0.92 on revenue of $12.4B, compared to forecasts EPS of $0.92 on revenue of $12.4B.

Danaher had beat expectations on Thursday with third quarter EPS of $1.72 on revenue of $5.88B, compared to forecast for EPS of $1.36 on revenue of $5.51B.

Investing.com -

American Airlines (NASDAQ:AAL) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

American Airlines announced earnings per share of $-5.54 on revenue of $3.17B. Analysts polled by Investing.com anticipated EPS of $-5.88 on revenue of $2.76B.

American Airlines shares are down 55% from the beginning of the year, still down 59.77% from its 52 week high of $31.67 set on October 28, 2019. They are under-performing the Nasdaq which is up 28% from the start of the year.

American Airlines's report follows an earnings missed by Canadian National Railway on Tuesday, who reported EPS of $1.38 on revenue of $3.41B, compared to forecasts EPS of $1.45 on revenue of $3.48B.

CSX had beat expectations on Wednesday with third quarter EPS of $0.96 on revenue of $2.65B, compared to forecast for EPS of $0.92 on revenue of $2.67B.

Investing.com -

American Electric Power (NASDAQ:AEP) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

American Electric Power announced earnings per share of $1.47 on revenue of $4.10B. Analysts polled by Investing.com anticipated EPS of $1.46 on revenue of $4.41B.

American Electric Power shares are down 4% from the beginning of the year, still down 13.88% from its 52 week high of $104.97 set on February 4. They are under-performing the Nasdaq which is up 28% from the start of the year.

American Electric Power follows other major Utilities sector earnings this month
American Electric Power's report follows an earnings beat by NextEra Energy on Wednesday, who reported EPS of $2.66 on revenue of $4.79B, compared to forecasts EPS of $2.62 on revenue of $5.46B.

Kinder Morgan had beat expectations on Wednesday with third quarter EPS of $0.21 on revenue of $2.92B, compared to forecast for EPS of $0.2 on revenue of $2.94B.

Company Name : Brothers Solidarity For Real Estate Investment & Food Security
ISIN Code : EGS233E1C012
Currency : EGP
Content :
The Listing Committee held on 22/10/2020 decided to resume trading on the company effective 22/10/2020 trading session at 01:45 PM, as the company sent the financial statements for the period ended on 30/09/2020 and a statement on the result of the subscription to increase the company's capital.
F/S Period : From 01/01/2020 To 30/09/2020
Net Loss : 589,680
F/S Period: From 01/01/2019 To 30/09/2019
Net Comparative Profit : 164,432
Audit Status : Reviewed
Source : Brothers Solidarity For Real Estate Investment & Food Security

Company Name : Brothers Solidarity For Real Estate Investment & Food Security
ISIN Code : EGS233E1C012
Currency : EGP
Content :
The Listing Committee held on 22/10/2020 decided to resume trading on the company effective 22/10/2020 trading session at 01:45 PM, as the company sent the financial statements for the period ended on 30/09/2020 and a statement on the result of the subscription to increase the company's capital.
F/S Period : From 01/01/2020 To 30/09/2020
Net Loss : 589,680
F/S Period: From 01/01/2019 To 30/09/2019
Net Comparative Profit : 164,432
Audit Status : Reviewed
Source : Brothers Solidarity For Real Estate Investment & Food Security

Company Name : Brothers Solidarity For Real Estate Investment & Food Security
ISIN Code : EGS233E1C012
Currency : EGP
Content :
The Listing Committee held on 22/10/2020 decided to resume trading on the company effective 22/10/2020 trading session at 01:45 PM, as the company sent the financial statements for the period ended on 30/09/2020 and a statement on the result of the subscription to increase the company's capital.
F/S Period : From 01/01/2020 To 30/09/2020
Net Loss : 589,680
F/S Period: From 01/01/2019 To 30/09/2019
Net Comparative Profit : 164,432
Audit Status : Reviewed
Source : Brothers Solidarity For Real Estate Investment & Food Security

Company Name : Brothers Solidarity For Real Estate Investment & Food Security
ISIN Code : EGS233E1C012
Reuters Code : BSRF.CA
Content :
The Board of Directors' meeting minutes held on 18/10/2020.


The Minutes (853 KB)

Investing.com –

India stocks were lower after the close on Thursday, as losses in the IT, Banking and Healthcare sectors led shares lower.

At the close in NSE, the Nifty 50 declined 0.35%, while the BSE Sensex 30 index declined 0.37%.

The best performers of the session on the Nifty 50 were NTPC Ltd (NS:NTPC), which rose 4.13% or 3.40 points to trade at 85.70 at the close. Meanwhile, Tata Motors Ltd (NS:TAMO) added 3.07% or 4.00 points to end at 134.25 and Bharti Airtel Ltd. (NS:BRTI) was up 2.86% or 12.00 points to 431.00 in late trade.

The worst performers of the session were Hero MotoCorp Ltd (NS:HROM), which fell 3.03% or 96.35 points to trade at 3082.00 at the close. IndusInd Bank Ltd. (NS:INBK) declined 2.99% or 18.80 points to end at 609.30 and ICICI Bank Ltd (NS:ICBK) was down 1.62% or 6.80 points to 413.50.

The top performers on the BSE Sensex 30 were NTPC Ltd (BO:NTPC) which rose 4.07% to 85.65, Bharti Airtel Ltd (BO:BRTI) which was up 2.97% to settle at 431.50 and Bajaj Finance Ltd (BO:BJFN) which gained 2.22% to close at 3305.00.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 3.10% to 608.80 in late trade, ICICI Bank Ltd (BO:ICBK) which lost 1.76% to settle at 412.95 and Titan Company Ltd (BO:TITN) which was down 1.39% to 1227.60 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 891 to 706 and 89 ended unchanged; on the Bombay Stock Exchange, 1389 rose and 1163 declined, while 160 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.22% to 22.6350.

Gold Futures for December delivery was down 0.48% or 9.25 to $1920.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.55% or 0.22 to hit $40.25 a barrel, while the December Brent oil contract rose 0.53% or 0.22 to trade at $41.95 a barrel.

USD/INR was up 0.09% to 73.654, while EUR/INR fell 0.09% to 87.1815.

The US Dollar Index Futures was up 0.24% at 92.820.

Company Name : Mansourah Poultry
ISIN Code : EGS02091C014
Reuters Code : MPCO.CA
Content :
Release from the company regarding the AGM & EGM to be held on 28/11/2020

News Attachement I (127 KB)
News Attachement II (815 KB)

Company Name : El Arabia for Land Reclamation
ISIN Code : EGS65771C015
Reuters Code : EALR.CA
Content :
Release from the company regarding the AGM to be held on 14/11/2020

The Release (1,151 KB)

Company Name : Wadi Kom Ombo Land Reclamation
ISIN Code : EGS01071C017
Reuters Code : WKOL.CA
Content :
Release from the company stating that 78 million pounds have been paid for social insurance and taxes

The Release (664 KB)

Company Name : Marsa Marsa Alam For Tourism Development
ISIN Code : EGS70P91C010
Reuters Code : MMAT.CA
Content :
The board of directors' decisions held on 22/10/2020

The Decisions (219 KB)

Insider Trading Executions: Trading Session 21/10/2020
Company Name: Speed Medical
Position: related parties
Type of Transaction: buy
Volume: 950000

Insider Trading Executions: Trading Session 21/10/2020
Company Name: Egyptian for Tourism Resorts
Position: Board Member
Type of Transaction: buy
Volume: 250000

Insider Trading Executions: Trading Session 21/10/2020
Company Name: Grand Investment Capital
Position: Board Member
Type of Transaction: buy
Volume: 14006

Insider Trading Executions: Trading Session 21/10/2020
Company Name: Raya Holding For financial Investments
Position: Board Member
Type of Transaction: sell
Volume: 1693747

Insider Trading Executions: Trading Session 21/10/2020
Company Name: Raya Holding For financial Investments
Position: related parties
Type of Transaction: buy
Volume: 1693747

Insider Trading Executions: Trading Session 21/10/2020
Company Name: Palm Hills Development Company
Position: Board Member
Type of Transaction: buy
Volume: 350921

Insider Trading Executions: Trading Session 21/10/2020
Company Name: Arab Aluminum
Position: related parties
Type of Transaction: buy
Volume: 281230

Insider Trading Executions: Trading Session 21/10/2020
Company Name: Arab Aluminum
Position: Board Member
Type of Transaction: sell
Volume: 281230

Insider Trading Executions: Trading Session 21/10/2020
Company Name: Misr Cement (Qena)
Position: related parties
Type of Transaction: sell
Volume: 90250

Insider Trading Executions: Trading Session 21/10/2020
Company Name: North Cairo Mills
Position: major shareholder
Type of Transaction: buy
Volume: 2500

Insider Trading Executions: Trading Session 21/10/2020
Company Name: International Agricultural Products
Position: related parties
Type of Transaction: sell
Volume: 10000

Insider Trading Executions: Trading Session 21/10/2020
Company Name: International Agricultural Products
Position: related parties
Type of Transaction: sell
Volume: 1000000

Company Name : Brothers Solidarity For Real Estate Investment & Food Security
ISIN Code : EGS233E1C012
Reuters Code : BSRF.CA
Content :
The Board of Directors' decisions held on 17/10/2020 concerning the unaudited financial results for the period ended 30/09/2020.

The Decisions (1,524 KB)

Company Name : Brothers Solidarity For Real Estate Investment&Food Security
ISIN Code : EGS233E1C012
Reuters Code : BSRF.CA
Content :
Release from the company regarding the underwriting of the company's capital increase

The Release (845 KB)

Company Name : Brothers Solidarity For Real Estate Investment&Food Security
ISIN Code : EGS233E1C012
Reuters Code : BSRF.CA
Content : Release from the company concerning issues concerning Mr. Chairman of the Board of Directors

The Release (465 KB)

gulfnews-

Shuaa Capital has priced its $150 million bond at 7.5 per cent, and becoming the first "high-yield" issuance in the Middle East and North Africa markets since March. The bond, which attracted heavy institutional interest, will be listed on the London Stock Exchange’s International Securities Market (the ISM), which is expected on or around October 28.

Jassim Alseddiqi, CEO of Shuaa, said: “We recently launched a number of new funds which reinforce our position as the market leader in asset management and investment banking in the region, as well as delivering on our stated intention to focus our business on recurring revenues and low capital intensity business."



The issuance will see Shuaa raise the full USD 150 million approved by shareholders at its general assembly held on October 14. The deal was led by Standard Chartered Bank and First Abu Dhabi Bank as global coordinators. Bank of Sharjah, Emirates NBD Capital, First Abu Dhabi Bank, Mashreqbank and Standard Chartered Bank acting as joint lead managers.

Joachim Mueller, Chief Financial and Risk Officer, said: “We have set out a clear roadmap for Shuaa’s future growth... and a commitment to fortifying our balance sheet. Together, this represents a compelling proposition for investors and has contributed to the success of the bond issuance.”

Company Name : El Ahram Co. For Printing And Packing
ISIN Code : EGS360A1C011
Reuters Code : EPPK.CA
Content :
The Board of Directors' meeting minutes held on 22/10/2020.

The Minutes (397 KB)

Karachi: Pakistan's market for initial public offerings is coming out of hibernation and heading for a record year. The nation, which has posted the fastest equity rally in Asia since March, will host about 10 new share sales in the fiscal year to June 2021, according to its top adviser Arif Habib Ltd.

That follows a 17-month streak of no new initial share sales and beats the previous record of nine deals in 2008. "IPOs will always be active when the stock market is performing and company valuations are good," Arif Habib's CEO Shahid Ali Habib said in Karachi.

"There is a lot of liquidity too with funds shifting allocation from the fixed-income class to equities."

gulfnews-

Shuaa Capital has priced its $150 million bond at 7.5 per cent, and becoming the first "high-yield" issuance in the Middle East and North Africa markets since March. The bond, which attracted heavy institutional interest, will be listed on the London Stock Exchange’s International Securities Market (the ISM), which is expected on or around October 28.

Jassim Alseddiqi, CEO of Shuaa, said: “We recently launched a number of new funds which reinforce our position as the market leader in asset management and investment banking in the region, as well as delivering on our stated intention to focus our business on recurring revenues and low capital intensity business."

The issuance will see Shuaa raise the full USD 150 million approved by shareholders at its general assembly held on October 14. The deal was led by Standard Chartered Bank and First Abu Dhabi Bank as global coordinators. Bank of Sharjah, Emirates NBD Capital, First Abu Dhabi Bank, Mashreqbank and Standard Chartered Bank acting as joint lead managers.

Joachim Mueller, Chief Financial and Risk Officer, said: “We have set out a clear roadmap for Shuaa’s future growth... and a commitment to fortifying our balance sheet. Together, this represents a compelling proposition for investors and has contributed to the success of the bond issuance.”

Investing.com –

Gold was down on Thursday morning in Asia, reversing gains from the previous session over a strengthening dollar. Meanwhile, investors kept their focus on the ه U.S. Congress’ progress towards passing the latest stimulus measures before the Nov. 3 presidential election.

Gold futures were down 0.68% at $1,916.40 by 12:51 AM ET (4:51 AM GMT), remaining above the $1,900 mark. The dollar was up on Thursday morning.

Although President Donald Trump and House of Representatives Speaker Nancy Pelosi made earlier remarks that raised hopes for the measures to be passed before the election, investors continue to doubt Congress’ ability to overcome Senate Republicans’ opposition to the package’s price tag.

Pelosi herself admitted that the measures might not pass before Nov. 3, even as she continues discussions with Treasury Secretary Steven Mnuchin later in the day and remains optimistic about reaching a deal.

Meanwhile, Trump and Democratic candidate Joe Biden will meet for the final presidential debate n Nashville, Tennessee, later in the day.

In Asia, tensions between the U.S. and China mounted after Secretary of State Michael Pompeo designated six more Chinese publications as “foreign missions”, or media outlets controlled by Beijing, at a Wednesday briefing.

The six latest additions are the Economic Daily, the Jiefang Daily, Yicai Global, Xinmin Evening News, Social Sciences in China Press, and the Beijing Review. They join five other Chinese media outlets, including Xinhua News Agency and the China Daily, designated “foreign missions” in February.

China was quick to react, with Global Times editor-in-chief Hu Xijin tweeting, “The US has gone too far ... the move will further poison working environment of media outlets in each other’s country," adding that China will “definitely” retaliate if the media outlets suffer actual harm from the designation.

Investing.com -

CSX (NASDAQ:CSX) said it would buy back another $5 billion worth of stock after reporting Wednesday mixed third-quarter mixed results as earnings beat, but revenue fell short on declines in coal and merchandise volumes.

CSX shares gained 3.8% in after-hours trade following the report.

CSX announced earnings per share of 96 cents on revenue of $2.65 billion. Analysts polled by Investing.com anticipated EPS of 92 cents on revenue of $2.67 billion.

Revenue fell 11% for the quarter was down as intermodal volume growth was more than offset by declines in coal and merchandise volumes as well as lower fuel surcharge revenue, the company said.

Expenses decreased 11% year over year to $1.51 billion, driven by "continued efficiency gains and volume-related reductions," it added.

Investing.com -

Check Point Software (NASDAQ:CHKP) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Check Point Software announced earnings per share of $1.64 on revenue of $509M. Analysts polled by Investing.com anticipated EPS of $1.53 on revenue of $504.07M.

Check Point Software shares are up 12% from the beginning of the year, still down 4.98% from its 52 week high of $130.98 set on September 2. They are under-performing the Nasdaq 100 which is up 33.58% from the start of the year.

Check Point Software's report follows an earnings matched by Taiwan Semiconductor on October 14, who reported EPS of $0.92 on revenue of $12.4B, compared to forecasts EPS of $0.92 on revenue of $12.4B.

Accenture had missed expectations on September 24 with fourth quarter EPS of $1.7 on revenue of $10.84B, compared to forecast for EPS of $1.73 on revenue of $10.93B.

Investing.com –

Denmark stocks were lower after the close on Wednesday, as losses in the Chemicals, Oil & Gas and Software & Computer Services sectors led shares lower.

At the close in Copenhagen, the OMX Copenhagen 20 lost 1.49%.

The best performers of the session on the OMX Copenhagen 20 were DSV (CSE:DSV), which rose 0.47% or 5.0 points to trade at 1069.0 at the close. Meanwhile, William Demant Holding A/S (CSE:DEMANT) fell 0.47% or 1.0 points to end at 213.5 and Coloplast A/S (CSE:COLOb) was down 0.55% or 5.4 points to 973.6 in late trade.

The worst performers of the session were Novozymes A/S B (CSE:NZYMb), which fell 5.38% or 22.3 points to trade at 392.5 at the close. Carlsberg A/S B (CSE:CARLb) declined 3.51% or 30.6 points to end at 841.0 and Royal Unibrew A/S (CSE:RBREW) was down 3.13% or 20 points to 632.

Falling stocks outnumbered advancing ones on the Copenhagen Stock Exchange by 111 to 31 and 10 ended unchanged.

Crude oil for December delivery was down 3.81% or 1.59 to $40.11 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 3.20% or 1.38 to hit $41.78 a barrel, while the December Gold Futures contract rose 0.81% or 15.60 to trade at $1931.00 a troy ounce.

USD/DKK was down 0.47% to 6.2664, while EUR/DKK fell 0.00% to 7.4420.

The US Dollar Index Futures was down 0.58% at 92.507.

Investing.com –

France stocks were lower after the close on Wednesday, as losses in the Foods & Drugs, Gas & Water and General Financial sectors led shares lower.

At the close in Paris, the CAC 40 lost 1.53%, while the SBF 120 index declined 1.55%.

The best performers of the session on the CAC 40 were Vivendi SA (PA:VIV), which rose 1.57% or 0.39 points to trade at 25.25 at the close. Meanwhile, Renault SA (PA:RENA) added 0.81% or 0.20 points to end at 24.39 and Publicis Groupe SA (PA:PUBP) was up 0.51% or 0.16 points to 31.31 in late trade.

The worst performers of the session were WFD Unibail Rodamco NV (AS:URW), which fell 5.11% or 2.12 points to trade at 39.38 at the close. Airbus Group SE (PA:AIR) declined 4.30% or 2.88 points to end at 64.06 and Compagnie de Saint Gobain SA (PA:SGOB) was down 3.77% or 1.38 points to 35.21.

The top performers on the SBF 120 were Virbac SA (PA:VIRB) which rose 2.29% to 223.50, Television Francaise 1 SA (PA:TFFP) which was up 1.95% to settle at 5.22 and Ingenico Group SA (PA:INGC) which gained 1.85% to close at 135.05.

The worst performers were Mercialys SA (PA:MERY) which was down 5.28% to 4.52 in late trade, WFD Unibail Rodamco NV (AS:URW) which lost 5.11% to settle at 39.38 and Sodexo SA (PA:EXHO) which was down 4.54% to 60.14 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 356 to 193 and 96 ended unchanged.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 5.61% to 29.23 a new 3-months high.

Gold Futures for December delivery was up 0.68% or 13.05 to $1928.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 4.48% or 1.87 to hit $39.83 a barrel, while the December Brent oil contract fell 3.85% or 1.66 to trade at $41.50 a barrel.

EUR/USD was up 0.43% to 1.1872, while EUR/GBP fell 1.18% to 0.9022.

The US Dollar Index Futures was down 0.56% at 92.532.

Investing.com –

Germany stocks were lower after the close on Wednesday, as losses in the Media, Retail and Financial Services sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.41%, while the MDAX index fell 1.90%, and the TecDAX index lost 1.51%.

The best performers of the session on the DAX were Covestro AG (DE:1COV), which rose 0.49% or 0.210 points to trade at 43.460 at the close. Meanwhile, Linde PLC (DE:LINI) added 0.33% or 0.650 points to end at 196.050 and Merck KGaA (DE:MRCG) was up 0.08% or 0.10 points to 124.80 in late trade.

The worst performers of the session were Delivery Hero AG (DE:DHER), which fell 3.98% or 3.92 points to trade at 94.50 at the close. MTU Aero Engines NA O.N. (DE:MTXGn) declined 3.10% or 4.95 points to end at 154.95 and Adidas AG (DE:ADSGN) was down 2.62% or 7.40 points to 274.90.

The top performers on the MDAX were Aurubis AG (DE:NAFG) which rose 0.61% to 62.600, Varta AG (DE:VAR1) which was up 0.18% to settle at 112.300 and Gerresheimer AG (DE:GXIG) which gained 0.17% to close at 87.950.

The worst performers were Thyssenkrupp AG O.N. (DE:TKAG) which was down 5.40% to 4.481 in late trade, Grenke N AG (DE:GLJn) which lost 5.23% to settle at 34.46 and Aroundtown Property Holdings PLC (DE:AT1) which was down 4.89% to 4.297 at the close.

The top performers on the TecDAX were Draegerwerk VZO O.N. (DE:DRWG_p) which rose 1.44% to 70.500, Eckert & Ziegler AG O.N. (DE:EUZG) which was up 1.03% to settle at 43.280 and New Work SE (DE:NWOn) which gained 0.42% to close at 239.00.

The worst performers were LPKF Laser & Electronics (DE:LPKG) which was down 5.66% to 18.340 in late trade, Bechtle AG (DE:BC8G) which lost 3.76% to settle at 164.000 and Nemetschek AG O.N. (DE:NEKG) which was down 3.53% to 61.550 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 490 to 171 and 87 ended unchanged.

Shares in Aurubis AG (DE:NAFG) rose to 52-week highs; rising 0.61% or 0.380 to 62.600.

The DAX volatility index, which measures the implied volatility of DAX options, was up 5.23% to 31.17.

Gold Futures for December delivery was up 0.66% or 12.65 to $1928.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 4.12% or 1.72 to hit $39.98 a barrel, while the December Brent oil contract fell 3.54% or 1.53 to trade at $41.63 a barrel.

EUR/USD was up 0.43% to 1.1872, while EUR/GBP fell 1.20% to 0.9020.

The US Dollar Index Futures was down 0.56% at 92.528.

Investing.com -

Align (NASDAQ:ALGN) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Align announced earnings per share of $2.25 on revenue of $734.1M. Analysts polled by Investing.com anticipated EPS of $0.56 on revenue of $513.56M.

Align shares are up 20.09% from the beginning of the year, still down 2.36% from its 52 week high of $343.19 set on October 19. They are under-performing the Nasdaq 100 which is up 33.58% from the start of the year.

Align shares gained 15.79% in after-hours trade following the report.


Align's report follows an earnings beat by J&J on October 13, who reported EPS of $2.2 on revenue of $21.08B, compared to forecasts EPS of $1.98 on revenue of $20.2B.

Abbott Labs had beat expectations on Wednesday with third quarter EPS of $0.98 on revenue of $8.85B, compared to forecast for EPS of $0.9 on revenue of $8.5B.

Investing.com -

Align (NASDAQ:ALGN) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Align announced earnings per share of $2.25 on revenue of $734.1M. Analysts polled by Investing.com anticipated EPS of $0.56 on revenue of $513.56M.

Align shares are up 20.09% from the beginning of the year, still down 2.36% from its 52 week high of $343.19 set on October 19. They are under-performing the Nasdaq 100 which is up 33.58% from the start of the year.

Align shares gained 15.79% in after-hours trade following the report.


Align's report follows an earnings beat by J&J on October 13, who reported EPS of $2.2 on revenue of $21.08B, compared to forecasts EPS of $1.98 on revenue of $20.2B.

Abbott Labs had beat expectations on Wednesday with third quarter EPS of $0.98 on revenue of $8.85B, compared to forecast for EPS of $0.9 on revenue of $8.5B.