BY THE NUMBERS
EGP / USD CBE market average: Buy 15.7382 | Sell 15.8394
EGP / USD at CIB: Buy 15.75 | Sell 15.85
EGP / USD at NBE: Buy 15.7 | Sell 15.75
EGX30 (Wednesday): 12,401 (-2.0%)
Turnover: EGP 1.1 bn (161% above the 90-day average)
EGX 30 year-to-date: +0.5%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 2.0%. CIB, the index heaviest constituent fell 2.5%. The EGX30’s top performing constituents were: Egyptian Iron and Steel up 5.9%, Palm Hills up 1.3%, and Sidi Kerir Petrochemicals up 0.9%. Yesterday’s worst performing stocks included Global Telecom down 7.9%, Domty down 5.7%, and Egyptian Resorts down 5.1%. The market turnover was EGP1.1 billion and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -91.1 mn
Regional: Net Short | EGP -16.3 mn
Domestic: Net Long | EGP +107.4 mn
Retail: 65.2% of total trades | 67.5% of buyers | 62.8% of sellers
Institutions: 34.8% of total trades | 32.5% of buyers | 37.2% of sellers
Foreign: 14.6% of total | 11.5% of buyers | 17.7% of sellers
Regional: 7.8% of total | 7.2% of buyers | 8.3% of sellers
Domestic: 77.6% of total | 81.3% of buyers | 74.0% of sellers
WTI: USD 53.93 (+0.63%)
Brent: USD 55.84 (-1.45%)
Natural Gas (Nymex, futures prices) USD 2.60 MMBtu, (+0.15%, March 2017 contract)
Gold: USD 1,239.00 / troy ounce (+0.46%)
TASI: 7,062.9 (+0.1%) (YTD: -2.0%)
ADX: 4,637.5 (+0.6%) (YTD: +2.0%)
DFM: 3,646.1 (+2.4%) (YTD: +3.3%)
KSE Weighted Index: 423.5 (+0.1%) (YTD: +11.4%)
QE: 10,952.7 (+0.2%) (YTD: +4.9%)
MSM: 5,867.5 (+0.3%) (YTD: +1.5%)
BB: 1,342.7 (+1.7%) (YTD: +10.0%)