22 - 28 March 2001
Issue No.526
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Al-Ahram Weekly On-line 22 - 28 March 2001 Issue No.526 |
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| Published in Cairo by AL-AHRAM established in 1875 | Current issue | Previous issue | Site map | ||
Playing the trade game
Thought about dabbling in the stock market, but don't know where to start? Want to learn the ins and outs of the local, regional and global economic arena? If the stock market's a riddle and you're aching to learn, check out arabfinance.com.
www.arabfinance.com
An outlet of Egypt's biggest investment bank, EFG-Hermes, and the IT holding company, Raya, arabfinance.com will soon be a full-fledged on-line trading engine, but the site has wisely started off with a free virtual trading game. Interested gamers fill out a registration form and can invest up to LE100,000 in arabfinance.com's virtual stock exchange. In the course of trading, users can gather useful financial information about economic developments and hot stocks from the site's "Commentaries" and "Headlines" sections -- a useful dry run for when you start using hard cash. Relevant articles by local and international news agencies and newspapers round out the picture.
The site assumes you are a novice, and offers full details on traded companies, identifying their Reuters codes and offering full data on stock market performance. If you've dreamed of a well-rounded portfolio, but don't even know how to read a financial statement, have no fear. Arabfinance.com provides much-needed background, offers trading tips and even walks users through choosing a stock to invest in. The "News Flashes" section provides a stream of news on both the macro and micro levels.
The best part is that the site is giving away three prizes for the best performing portfolios. The first prize, believe it or not, is a handsome LE10,000 in cash. The second-best performance is rewarded with a Compaq PC, with free Internet service. The third prize is the popular and indeed sleek Nokia 6210 cellular phone.
An invaluable resource offered by the site is the glossary of stock-market terminology. Naturally, the site also provides a chat service. Who knows, you could bump into Rami Lakah there one day.
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