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Tuesday, 14 June 2016

BY THE NUMBERS

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USD CBE auction (Tuesday, 7 June): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Saturday, 11 June): 10.92-10.95 (compared to 10.90 on Tuesday, 7 June, domestic press)

EGX30 (Monday): 7,645.21 (-0.07%)
Turnover: EGP 498.5 mn (15% above the 90-day average)
EGX 30 year-to-date: +9.12%

THE MARKET ON MONDAY: The EGX30 ended yesterday’s session little changed, inching down 0.1%, with most con­stituents in the negative territory. CIB and GB Auto were the only two index stocks to close in the green. Edita, OTMT, and Orascom Construction were the worst performers. With a market turnover of EGP 498.5 mn, foreign investors were the sole net buyers. Regionally, Gulf markets were mostly lower on weak oil prices with the exception of Saudi Arabia where some stocks gained on hopes they would benefit from the economic reform plans announced last week.

Foreigners:Net long | EGP +58.8 mn
Regional:Net short | EGP -30.2 mn
Domestic:Net short | EGP -28.6 mn

Retail: 52.2% of total trades | 50.5% of buyers | 53.8% of sellers
Institutions: 47.8% of total trades | 49.5% of buyers | 46.2% of sellers

Foreign: 29.0% of total | 34.9% of buyers | 23.0% of sellers
Regional: 8.2% of total | 5.1% of buyers | 11.2% of sellers
Domestic: 62.8% of total | 60.0% of buyers | 65.8% of sellers

WTI: USD 48.88 (-0.39%)
Brent: USD 50.00 (-1.07%)
Gold: USD 1,286.20 / troy ounce (+0.81%)
Nymex (futures prices) USD 2.59 MMBtu, (+1.17%, July 2016 contract)

TASI: 6,589.64 (+0.29%) (YTD: -4.66%)
ADX: 4,365.09 (-0.06%) (YTD: +1.34%)
DFM: 3,323.43 (-0.38%) (YTD: +5.47%)
KSE Weighted Index: 354.30 (-0.39%) (YTD: -7.18%)
QE: 9,704.36 (-0.92%) (YTD: -6.95%)
MSM: 5,847.44 (-0.36%)(YTD: +8.16%)
BB: 1,123.30 (+0.66%) (YTD: -7.62%)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

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