The Market Yesterday
EGP / USD CBE market average: Buy 17.7491 | Sell 17.8482
EGP / USD at CIB: Buy 17.73 | Sell 17.83
EGP / USD at NBE: Buy 17.69 | Sell 17.79
EGX30 (Thursday): 14,295 (-0.4%)
Turnover: EGP 745 mn (28% below the 90-day average)
EGX 30 year-to-date: +15.8%
THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session down 0.8%. CIB, the index heaviest constituent closed down 0.5%. EGX30’s top performing constituents were Eastern Co up 1.4%; Abu Dhabi Islamic Bank up 1.4%; and Elsewedy Electric up 0.8%. Thursday’s worst performing stocks were Ezz Steel down 3.1%; Amer Group down 2.9%; and Egyptian Iron & Steel down 2.8%. The market turnover was EGP 745 mn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -55.5 mn
Regional: Net Long | EGP +26.2 mn
Domestic: Net Long | EGP +29.3 mn
Retail: 64.3% of total trades | 68.7% of buyers | 59.9% of sellers
Institutions: 35.7% of total trades | 31.3% of buyers | 40.1% of sellers
Foreign: 21.3% of total | 17.5% of buyers | 25.0% of sellers
Regional: 10.2% of total | 11.9% of buyers | 8.4% of sellers
Domestic: 68.6% of total | 70.5% of buyers | 66.6% of sellers
WTI: USD 57.36 (+1.18%)
Brent: USD 63.40 (+1.93%)
Natural Gas (Nymex, futures prices) USD2.77 MMBtu, (+0.33%, January 2018 contract)
Gold: USD 1,248.4 / troy ounce (-0.38%)
TASI: 7,085.51 (+0.85%) (YTD: -1.73%)
ADX: 4,276.93 (-0.79%) (YTD: -5.93%)
DFM: 3,393.46 (-0.03%) (YTD: -3.89%)
KSE Weighted Index: 393.84 (-0.03%) (YTD: +3.62%)
QE: 7,773.59 (-0.31%) (YTD: -25.52%)
MSM: 5,066.09 (-0.48%) (YTD: -12.39%)
BB: 1,267.39 (+0.19%) (YTD: +3.85%)