The Market Yesterday
EGP / USD CBE market average: Buy 17.5903 | Sell 17.6903
EGP / USD at CIB: Buy 17.57 | Sell 17.67
EGP / USD at NBE: Buy 17.56 | Sell 17.66
EGX30 (Thursday): 15,443 (-0.2%)
Turnover: EGP 1.5 bn (32% ABOVE the 90-day average)
EGX 30 year-to-date: +2.8%
THE MARKET ON THURSDAY: The Egyptian benchmark index ended Thursday’s session 0.2% down. CIB, the index heaviest constituent ended 0.3% down. EGX30’s top performing constituents were Ezz Steel 3.9% up, Porto Group 3.0% up, and SODIC 2.4% up. Today’s worst performing stocks Abu Dhabi Islamic Bank 3.9% down, Abu Qir Fertilizers 3.4% down, and Amer Group 3.1% down. The market turnover was EGP 1.5 billion, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -5.1 mn
Regional: Net Long | EGP +2.6 mn
Domestic: Net Long | EGP +2.5 mn
Retail: 40.3% of total trades | 39.3% of buyers | 41.3% of sellers
Institutions: 59.7% of total trades | 60.7% of buyers | 58.7% of sellers
Foreign: 30.5% of total | 30.3% of buyers | 30.6% of sellers
Regional: 20.9% of total | 21.0% of buyers | 20.8% of sellers
Domestic: 48.6% of total | 48.7% of buyers | 48.6% of sellers
WTI: USD 61.25 (+0.43%)
Brent: USD 64.37 (+0.85%)
Natural Gas (Nymex, futures prices) USD 2.70 MMBtu, (-0.11%, April 2018 contract)
Gold: USD 1,323.40 / troy ounce (+1.39%)
TASI: 7,411.16 (-0.10%) (YTD: 2.56%)
ADX: 4,594.98 (-0.06%) (YTD: 4.47%)
DFM: 3,208.98 (-1.08%) (YTD: -4.78%)
KSE Weighted Index: 414.42 (+0.11%) (YTD: 3.24%)
QE: 8,730.06 (+0.89%) (YTD: 2.42%)
MSM: 5,011.79 (+0.17%) (YTD: -1.72%)
BB: 1,373.45 (+0.26%) (YTD: 3.13%)