The Market Yesterday
EGP / USD CBE market average: Buy 17.69 | Sell 17.79
EGP / USD at CIB: Buy 17.69 | Sell 17.79
EGP / USD at NBE: Buy 17.7 | Sell 17.8
EGX30 (Wednesday): 12,996 (-0.9%)
Turnover: EGP 542 mn (39% below the 90-day average)
EGX 30 year-to-date: +5.3%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.9%. CIB, the index heaviest constituent closed down 0.5%. EGX30’s top performing constituents were: Domty up 2.5%; Eastern Co flat; and Abu Dhabi Islamic Bank down 0.1%. Today’s worst performing stocks were: Amer Group down 3.3%; Madinet Nasr Housing down 3.1%; and Elsewedy Electric down 2.5%. The market turnover was EGP 542 mn, and local investors were the sole net sellers.
Foreigners: Net Long | EGP +50.7 mn
Regional: Net Long | EGP +9.7 mn
Domestic: Net Short | EGP -60.4 mn
Retail: 62.7% of total trades | 59.3% of buyers | 66.1% of sellers
Institutions: 37.3% of total trades | 40.7% of buyers | 33.9% of sellers
Foreign: 19.9% of total | 24.5% of buyers | 15.2% of sellers
Regional: 9.7% of total | 10.6% of buyers | 8.8% of sellers
Domestic: 70.4% of total | 64.9% of buyers | 76% of sellers
WTI: USD 48.37 (+1.13%)
Brent: USD 52.51 (+1.23%)
Natural Gas (Nymex, futures prices) USD 2.93 MMBtu, (-0.48%, September 2017 contract)
Gold: USD 1,296.3 / troy ounce (+0.41%)
TASI: 7,263.75 (+0.14%) (YTD: +0.74%)
ADX: 4,487.41 (+0.3%) (YTD: -1.3%)
DFM: 3,624.85 (+0.38%) (YTD: +2.66%)
KSE Weighted Index: 428.98 (-0.01%) (YTD: +12.86%)
QE: 9,053.6 (-0.13%) (YTD: -13.25%)
MSM: 4,955.27 (-0.34%) (YTD: -14.31%)
BB: 1,305.25 (-0.18%) (YTD: +6.95%)