WHAT WE’RE TRACKING TODAY

Our thoughts this morning are preoccupied by security issues in the wake of bomb scares in Cairo, a shootout between Interior Ministry Special Forces and Ikhwani leaders in Six of October, and extreme violence in Sinai, all yesterday. Daesh has claimed responsibility for the Sinai attacks. The Muslim Brotherhood is calling for rebellion. And Egypt is hosting an Arab League meeting today in Cairo to discuss regional anti-terror measures.

A close second: There’s mounting speculation in the chattering class about the prospects of an Eid-time trip to the gallows for senior Ikhwan leaders under the new anti-terror act and related curbs on numbers of appeals, all passed yesterday at the cabinet level. The measures will now be reviewed — and presumably enacted — by President Abdel Fattah El Sisi.

We’re also bracing for a potential sell-off on the EGX today. A two-day closure — one day of which was impromptu — combined with recent developments on the security front and the EGX’s decision to settle GDR transactions in EGP all suggest we could be in for a grim day when the bourse opens.

Still have an appetite? Maghreb will be at 7:01pm today, while fajr will be at 3:13am, according to Islamic Finder.

WHAT WE’RE TRACKING THIS WEEK

Emaar Misr shares will begin trading on the EGX on Sunday, 5 July 2015.

Also on 5 July: The HSBC / Markit Economics Purchasing Managers’ Index for Egypt drops at 7:30am CLT. You can find the release here when it is out. The Saudi and UAE PMIs are also due out on Sunday.

The extension of the deadline for a nuclear accord between Iran and the P5+1 nations expires on Tuesday, 7 July.

LAST NIGHT’S TALK SHOWS

Talk show hosts were unanimous last night in their support for both the army and President Abdel Fattah El Sisi, with most if not all programs featuring a call-in from the Armed Forces spokesperson Brigadier General Mohamed Samir. The Army spox said 17 service members were killed in operations yesterday after militants attacked army checkpoints in Sheikh Zuweid, Sinai, early on Wednesday morning. Among the dead were four officers and 13 enlisted personnel, Samir said.

The spokesman said 100 militants were killed, and all of the talk shows aired extremely graphic photographsof the dead terrorists; the military released the images earlier in the day. International media, quoting Egyptian security forces, said as many as 64 security personnel were killed. Some talk show hosts suggested certain foreign media outlets — unnamed, but clearly understood to be Al Jazeera — had blatantly lied about the Egyptian Army casualty count to embarrass the country.

Ahmed Moussa on Sada El Balad called Al Jazeera out by name, saying it was not only a platform for terrorists, but part of the terrorist media infrastructure. He noted that Al Jazeera is always nearly-instantaneously on the ground reporting attacks such as those in Sheikh Zuweid “because they’re already there, ready and waiting.” He also alleged that 20 militants crossed over from Gaza to take part in the attack. Moussa briefly alleged that George Ishaq, one of the founding members of the Kefaya movement and a member of the Dostour Party, had called for foreign intervention in Sinai to help contain the situation. Ishaq later denied that he had made any such statement, as reported by Al Shorouk.

In one of the aforementioned call-ins by army spokesperson Samir, the general informed Khairy Ramadan on CBC Extra that the army has restored order and control to North Sinai, and reiterated that the only source upon which the media should rely are the official statements of the military, as opposed to foreign news sources, which he characterized as unreliable and intentionally misconstrued as a form of “fourth generation warfare.”

Brig. Gen. Samir went on to say that what is being witnessed in North Sinai is not simply due to militant extremism, but also due in part to the disruption by the Egyptian military of the activities of drug and arms smugglers. One of Ramadan’s in-studio guests stated that the militants involved showed signs of having received foreign training and funding, naming Qatar and Turkey as possible culprits. The guest also was critical of the United States, repeating a recurring remark on the Egyptian political talk show circuit that the U.S. is not serious about fighting Daesh, and only chooses to engage in airstrikes — and then only in Syria and Iraq while failing to acknowledge their presence in Libya or the danger they present there.

The guest went on further by stating that the United States benefits from regional instability by its current retreat from the region and deference to Iran, as it will now be able to sell more defense systems to Gulf Arab states.

Rania El Badawy, filling in for Amr Adeeb as usual on Wednesday nights, ridiculed the former name of the Daesh affiliate in Sinai Wilayat Sinai (Ansar Beit al Maqdis) by pointing out that they have nothing to do with liberating Jerusalem as their namesake implies, but rather have done nothing but kill Egyptians.

Addressing President Abdel Fattah El Sisi, Badawy stated that, “We tell you we’re all with you.” She also went on to emphasize the ideological roots of modern day terrorism in the writings of Brotherhood thinker Sayed El-Qutb.

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SPEED ROUND

Cabinet passes counterterrorism act as Islamist violence erupts attack Sheikh Zuweid in North Sinai, while the Ikhwan call for a revolt:

An estimated 70 militants wearing army fatigues launched attacks on security installations in the North Sinai town of Sheikh Zuweid on Wednesday morning. Five separate checkpoints were brought under mortar and automatic weapons fire, and one was hit by a car bomb, according to military spokesperson Brig. Gen. Mohamed Samir. After wildly-varying figures on casualties from various news agencies, the military confirmed 17 of personnel had been killed: four officers and 13 conscripts. Troops killed 100 militants. Reports from the Associated Press put the number of military casualties as high as 64, but quoted unnamed sources.

Daesh affiliate Wilayat Sinai (formerly Ansar Beit al Maqdis) claimed responsibility for the attack.

The Armed Forces released exceptionally graphic images of the dead militants, which featured prominently on both last night’s talk shows (above) and in online media. The military also issued an audio statement on the day’s events. (Listen in Arabic, running time: 3:08).

According to a police colonel speaking to DNE by telephone, the Sheikh Zuweid police station was besieged by the militants, but “the town hasn’t fallen into the hands of militants or else I wouldn’t be speaking to you right now.”

The attacks occurred as Prime Minister Ibrahim Mahlab was presented the new counterterrorism act in the Cabinet meeting yesterday. The Council of Ministers passed the draft, saying it would provide “quick and just deterrence” against terrorism. The bill is now awaiting ratification by President Abdel Fattah El Sisi, says Reuters. We had a detailed summary of the law in yesterday morning’s issue. Ahram Online’s Gamal Essam El Din has more from Transitional Justice Minister Ibrahim Heneidy, who shepherded the legislation through committee and to Cabinet.

A package left on the Maadi Corniche marked “gift for the police,” which was originally thought to contain explosives, instead contained a human skull. According to AMAY, the police stated that the act was meant to instill fear, but the first thing that came to our minds, and certainly, the minds of any true Egyptian, was the following (Watch in Arabic with English subtitles, running time: 2:47)

Two leading Ikhwan figures were among nine men killed in a reported shootout during a raid by Interior Ministry Special Forces on a flat in Sixth of October yesterday. Among the dead were alleged strategist Abdelfattah Mohammed Ibrahim and former member of parliament Nasser Al-Houfi. An Interior Ministry statement claimed the dead men were reportedly plotting to carry out terrorist attacks. Security forces found automatic weapons, EGP 43,700 in cash, smart cards, and Ikhwan paraphernalia at the apartment. Al-Ahram’s front-page piece on the raid includes graphic images of the dead released by security forces.

In response, the Ikhwan issued a press release in which the doublespeak usually reserved for separate statements exist here side-by-side: “The Muslim Brotherhood denounces violence and murder, in the Sinai and elsewhere …  Rise in revolt to defend your homeland, your lives and your children … Oust the heinous murderer [President El Sisi]. Destroy the castles of injustice and tyranny. Reclaim Egypt once again.” But, uh, peacefully.

Courts’ summer recess hasn’t been cancelled: Justice Minister Ahmed Al-Zend denied yesterdayclaims that he had ordered the cancellation of the traditional three-month recess of the nation’s courts spanning July through September. Media reports claimed the recess had been cancelled as part of a bid to fast-track pending cases against Islamists.

The Mahlab government has approved an amended draft budget for FY2015-16, cutting its projected budget deficit to 8.9% of GDP from the 9.9% initially forecast. Public expenditures would fall to EGP 868 bn from EGP 885 bn, with revenues projected to be EGP 622.2 bn — or EGP 10.2 bn more than the initial estimate. GDP is still expected to grow at 5% y-o-y. Al-Mal has a brief overview here, and Al-Ahram has the full readout on the budget from Cabinet. Fuel subsidies are reduced by 12% y-o-y to EGP 61.7 bn from EGP 70 bn in FY2014-15, reported Amwal Al Ghad. Where’s the extra revenue coming from?Ahram Gate suggests that the Finance Ministry is counting on new inflows to the treasury from the issuance of unified telecom license (including 4G mobile spectra) as well as land sales, among other measures. (On a related noted: We would advise caution in reading the Al-Mal budget stories that were leading the paper’s digital coverage as we wrapped up in the wee hours of the morning today. They report total spending figures that disagree with other Al-Mal stories; with Reuters; and with Al-Ahram. They also make a hash of savings from cuts to state spending on wages, variously suggesting the figure to be saved will be EGP 1 bn and EGP 100 bn.)

The delay in the release of the new budget owes to the terrorist attacks on Egypt, Planning Minister Ashraf El Araby said. Ittihadiya is busy keeping a close eye on domestic terrorism, preventing it from making a final decision regarding the FY2015-16 spending bill. The Minister added that the government is legally allowed to continue operating under the FY2014-15 budget for the next three months.

The Cabinet of Ministers approved changes to the Elections Law during their meeting on Tuesday, reports Ahram. The most significant amendment pertained to changes to electoral districting and the number and type of seats that would be allotted per district. Following amendments to the law, 120 seats will be allocated for electoral lists, while a remaining 448 will be for individuals candidates. The amendments also eliminated a provision requiring that the Constitutional Court adjudicate on electoral appeals within a five-day period, said an article in Al Wafd. The Constitutional Court will now have unlimited time to consider such cases.

The gas-to-industry story is getting messier by the day. EGAS Chairman Khaled Badie insists that there are no plans to increase natural gas prices for industrial consumers. The EGAS boss’ remarks to Al-Masry Al-Youm directly contradicted an assertion made by Investment Minister Ashraf Salman on which we reported yesterday. Salman was quoted as having said the government would be repricing natural gas and electricity for factories in the 2015-16 budget, with prices going up for some consumers. The same story also quoted Salman as saying that there had been no disruption in supply to Ezz Steel and two other steel producers, but rather that the three had been cut-off because they owed back dues. That assertion prompted Ezz Dekheila to come out with a disclosure (pdf) bluntly denying the report, saying that Ezz is “fully committed to paying its suppliers and creditors in full and on time.” The disclosure points out that EZDK has in fact already paid EGP 612 mn to GASCO for natural gas shipments it has yet to receive.

Seven international companies, including more than one Saudi outfit, have submitted offers to replace Mohamed Alabbar’s Capital City Partners in developing the new administrative capital,Al-Watan claims. The paper quotes an unnamed source as saying Ittihadiya is currently assessing a Japanese offer to implement the project, noting that if the government puts the project to tender, the Japanese offer is likely to be the winner as matters presently stand. The main issue of contention remains the government’s unwillingness to allow Alabbar’s group to solicit funding from domestic banks. The Housing Ministry subsequently denied the report, saying that negotiation with Alabbar are ongoing and that Housing Minister Moustafa Madbouly had in fact met on Tuesday with the Emirati real estate chief.

Telecom Egypt is expected to acquire a 4G mobile license next year, CIT Minister Khaled Negm said, according to Reuters. The spectrum will be made available under a unified license that also allow mobile operators to enter the landline market, on which TE has until now enjoyed an total monopoly. In other news from TE, the company reportedly plans to give internet service provider TE Data more autonomy, including an independent board of directors to the internet provider. If implemented, TE Data would have the same legal status as all other private sector internet providers, reports Al Borsa. The move comes in light of the growing tensions between TE and the CIT Ministry over internet prices.

Egypt’s FX policy is holding back investment — direct and portfolio alike. That’s the assertion this week from veteran finance writer Patrick Werr in his regular column for The National. Werr’s take is particularly well-timed this week after the EGX’s decision that it will begin settling the proceeds from GDR sales in Egyptian pounds — apparently even for foreigners who bought in USD. Says Werr: “Ask investors why they are not bringing money into the country, and most will say it because of the currency. A few, especially in money markets, hesitate to put dollars into Egypt’s overvalued pound when a devaluation seems all but inevitable. Even more say they are afraid that once their dollars are converted into pounds, they will have a heck of a time getting them back into dollars if they need to.”

German manufacturer Henkel intends to invest a further EGP 300 mn in its Egyptian operations, according to remarks attributed to Trade and Industry Minister Mounir Abdelnour. Henkel aims to expand production capacity at its Port Said plant as well as at its new factory in Six of October, said Abdel Nour, adding that new investments are proof foreign companies believe in the strength and longevity of the Egyptian economy.

Egypt will be home to MENA’s first gigawatt-scale solar PV market: Italy’s Building Energy is set to construct in Egypt what will become the first gigawatt-scale solar PV market in the MENA region, according to a press release picked up by TradeArabia. The company signed a USD 200 mn agreement to build two 50 MW PV plants, providing electricity to about 50,000 homes and creating roughly 1,000 construction jobs and up to 80 permanent positions, adding new details to a story we had originally reported on Sunday. The plants in Benban, near Kom Ombo in Aswan, are expected to generate a combined 286 GWh per year and will be connected to the high-voltage line linking Aswan to Cairo. Construction will begin in summer 2016 and should wrap in c. one year. “Building Energy has teamed up with a local partner in Egypt, SolarShams, a renewable energy system integrator and local project developer,” adds a pickup by Building-ME.

Israeli gas exports to Egypt could begin within three years: Egypt and other neighboring countries could begin receiving Israeli gas within two to three years by allowing exports from Tamar prior to the Leviathan field coming on line in 2019, Platts reports. Talks with Union Fenosa Gas to supply its liquefaction plant in Damietta have resumed in recent weeks. The Israeli Energy Ministry wants to encourage E&P competition by requiring the Leviathan and Tamar consortia to sign only short-term contracts with domestic customers to ease the entry of another competitor into the market.

Alwaleed is leaving his USD 32 bn fortune to charity. In what is being billed by the FT as “one of the biggest philanthropic gestures in history,” Prince Alwaleed bin Talal is leaving his entire fortune to efforts that tackle “the effects of war and natural disaster” or that alleviate poverty. Fortune has the story. Check out the full video of Alwaleed’s press conference announcing the gift. (Watch in English, running time 23:39). Or skip straight to Alwleed’s website, where he writes: “You may rightly wonder, why am I doing this? My response is that … I have had the opportunity to witness, first hand, the challenging conditions of many communities across the globe, first hand, and have stood among those who were suffering and in great need. I have also learned of overwhelming obstacles through meetings with the leaders of countries and communities around the world.” The prince’s Kingdom Holding has investments in everything from the Four Seasons hotel chain to Citi, Twitter and GM.

CORRECTION: In yesterday’s report regarding the elimination of appeals in national security trials, the proposed legislative amendment would apply to the penal code and is not directly tied to the antiterrorism law. However, both were set to be presented to the Cabinet on Wednesday, and while the antiterrorism law passed, there has been no mention as yet in the domestic press of the passing of the amendment to the penal code.

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WORTH READING

The Ikhwan, as well as most Western media and analysts focusing on Egypt, were quick to assign blame on today’s attack in Sheikh Zuweid to President Abdel Fattah El Sisi and more specifically, to Morsi’s ouster. In reality, events in Sinai have been building toward this for decades, and the process accelerated immediately following the 2011 revolt and the collapse of police presence in North Sinai, according to two excellent and well-researched background pieces from Reuters and FP from 2012 and 2013, respectively. From Reuters:

“In towns where police stations have stood deserted since Mubarak was swept from office after a popular revolt, hardline Islamists are imposing their own authority. They are preaching a strict interpretation of Islam that has brought with it religious intolerance of a kind that shocks even some of the more conservative forces in the Muslim world. … ‘The police left the city on January 29, 2011 at 4 p.m. heading to Cairo and never came back,’ said Saeed Eteg, a liberal political activist from Sheikh Zuweid, recalling the day the state disappeared at the height of the uprising against Mubarak.” (Read Insight: In Sinai, militant Islam flourishes — quietly, Reuters, 2012)

FP’s piece from the following year meshed with Reuters’ take, pinning the blame on growing extremism, not on a heavy-handed state or Islamist exclusion from politics, but rather the opposite — the complete seizure of control of the local judiciary by Salafists: “While the rise of sharia courts in Sinai has accelerated sharply since the revolution, the trend can be understood as an extension of a longer-term process of tribal Islamization. The process began in the 1980s, under the influence of ultraconservative Salafi ideology imported by Bedouin students returning from the Nile Delta region and particularly Zagazig University, one of the key intellectual strongholds of hardline Islamism. By the 1990s, these newly Islamized Bedouins were actively proselytizing and setting up Salafi charitable organizations in North Sinai. Residents of Arish … say religious conservatism has increased noticeably in recent years and particularly since the 2011 revolution, as the rapid erosion of government institutions created an optimal environment for the expansion of Salafi charitable organizations offering badly needed services that the state has failed to deliver.” (Read Sharia courts of the Sinai, FP, September 2013)

ENERGY

Decision price for private-sector access to the national gas grid by August
Al Shorouk | 01 July 2015
EGAS said it is expected to reach a final pricing scheme for the private sector’s use of the natural gas national grid in July or August at the latest, a source told Al Shorouk. Once the prices are set, the private sector will be allowed to import natural gas directly and have it channelled via the grid. The creation of an authority to oversee private involvement in the natural gas market is yet to be finalised. (Read in Arabic)

No backtracking feed-in-tariff regulations, Shaker says
Al Borsa | 30 June 2015
There will be no changes to the pricing scheme of the feed-in-tariff regulations, Electricity Minister Mohamed Shaker said. Shaker said the Ministry is working with 136 investors that are ready to operate under the existing regulations and the government cannot change them abruptly. Changing the regulations would hurt investor confidence, the head of NREA said — echoing Shaker’s sentiment. (Read in Arabic)

INFRASTRUCTURE

Banha power station operational again
Al Borsa | 01 July 2015
The Banha power station that was attacked yesterday morning has been resupplied, repaired and is currently operational at 750 MW, said ministry undersecretary Mohamed El Yamani. Yamani said he believed it was unlikely there would be further power cuts yesterday as there was a surplus of 1,000 MW in the grid.  (Read in Arabic)

BASIC MATERIALS & COMMODITIES

New cement plant licenses to be issued before year-end, IDA says
Al Shorouk | 01 July 2015
The Industrial Development Authority (IDA) wants its plan for the issuance of new cement production licenses to hit Cabinet’s agenda before the Eid break later this month so that the IDA can issue the call for tenders before the end of the year, IDA chief Ismail Gaber said. Gaber said licenses to increase production by 22 mn tonnes will be on offer to bridge the gap between supply and demand. All of the new plants will have to operate on coal given supply challenges with natural gas. (Read in Arabic)

Subsidy program has meat, poultry stocks sufficient for c. 6 mos
Al Mal | 01 July 2015
As part of routine meetings to follow up on availability of foods and commodities as part of the state’s food subsidy program, Supply Minister Khaled Hanafy says the state has a reserve of 40,000 live oxen and 3,900 tons of frozen meat and poultry. That’s enough to keep subsidized shelves stocked for about six months. (Read in Arabic)

HEALTH & EDUCATION

Investbridge, Centum, Sabis launch company to invest in education in Africa
Gulf News | 01 July 2015
Investbridge Capital (IBC) and Centum Investment Company have partnered with Sabis to a launch a company focusing on investment in the education sector in Africa. The investors are planning on acquiring and developing a network of schools across Africa that will be operated as part of the Sabis Network. “The investors have identified Kenya as the target country for its first school with other East African markets such as Uganda and Tanzania and further expansion in Egypt,” Gulf News reported. (Read)

REAL ESTATE & HOUSING

National Research Center for Housing and Construction asks for EGP 35 mn investment budget
Amwal Al Ghad | 01 July 2015
The National Research Center for Housing and Construction has asked the Finance Ministry to allocate it a budget of c. EGP 35 mn for the new fiscal year, said center head Khaled El Zahaby, complaining that all national research centers expect to feel the pinch as the government cuts spending in the 2015-16 budget as part of its bid to reduce the budget deficit. (Read in Arabic)

TOURISM

Tourism revenues up 62% in 9M2014-15
Al Borsa, Ahram Gate | 01 July 2015
Egypt’s tourism revenues jumped 62% in the first nine months of the FY2014-15, according to a report published by the Ministry of Finance. Revenues reached USD 5.5 bn in the 9 months between July 2014 and March 2015, compared to USD 3.1 bn in the same period the year before. (Read in Al-Borsa or Ahram Gate)

TELECOMS & ICT

CIT Minister asks TE’s board to limit the powers of executives, CEO
Al Borsa | 01 July 2015
CIT Minister Khaled Negm has tasked Telecom Egypt’s (TE) board of directors to take action limiting the powers of the CEO and senior company executives when it comes to decision making. Negm has also sent a memo to the cabinet asking for Prime Minister Ibrahim Mahlab’s approval on having the company fall directly under the CIT Ministry’s control. The move would transfer the ability to make decisions on financial matters to the Ministry while also allowing it override decisions made by the executive board members. (Read in Arabic)

Jumia sells 20,000 units in Jumia Mobile Week
Amwal Al Ghad | 01 July 2015
Jumia sold about 20,000 mobile phones in its Mobile Week held early last month, with Infinix in the lead followed by Xtouch. Participants in the event included budget handset makers Huawei, Inifinix, Xtouch, Wiko Highway and Archos. (Read in Arabic)

SICIT backs MCIT initiative to cut prices
Amwal Al Ghad | 01 July 2015
The Syndicate of Internet, Communications and Information Technology (SICIT) announced yesterday its support for the Ministry of Communication and Information Technology’s (MCIT) initiative to reduce internet costs. The syndicate is in support of the ambitious strategy adopted by communications minister Khaled Negm, says syndicate head Hani El Abd. (Read in Arabic)

BANKING & FINANCE

Agriculture Credit Bank seeks a USD 200 mn loan for IDB
Al Borsa | 30 June 2015
The Principal Bank for Development and Agricultural Credit (PBDAC) is in talks to borrow USD 200 mn from the Islamic Development Bank (IDB), Al Borsa reported. PBDAC seeks the loan to finance expansion of credit facilities to small-cap farmers. The bank had almost finalised a USD 500 mn loan facility from the World Bank Group before having to call it off until it updated its bylaws abide by CBE regulations. PBDAC wants to expand its loan portfolio EGP 400 mn in FY 2015-16. (Read in Arabic)

OTHER BUSINESS NEWS OF NOTE

El Araby re-elected head of Cairo Chamber of Commerce
Al Mal | 01 July 2015
Ibrahim El Araby was re-elected as head of the Cairo Chamber of Commerce, with a four-year term running out in 2019. El Araby and Mohamed Ashmawi, head of United Bank, were selected as representatives of the Cairo Chamber of Commerce to the board of directors of the Federation of Egyptian Chambers of Commerce, said board member Ahmed Abou Gabal. (Read in Arabic)

EGYPT POLITICS + ECONOMICS

Ministry of Trade hopes for Mercosur Agreement before 2016
Amwal Al Ghad | 1 July 2015
The Ministry of Trade and Industry is seeking Brazil’s approval to put the Mercosur Free Trade Agreement into effect before the end of 2015, said Trade and Industry Minister Mounir Abdelnour. The agreement includes Egypt, Brazil, Argentina, Uruguay and Paraguay. (Read in Arabic)

ON YOUR WAY OUT

The Sadat Metro station is to remain closed despite a statement from Transport Minister Hani Dahy saying the station would only be shuttered for 24 hours for maintenance and not security reasons, reported Al Mal.

Raising train ticket prices could be a big mistake, an official at the Egyptian National Railways tells Al Mal. Fares for air-conditioned first- and second-class coaches rose EGP 20 and EGP 10, respectively, as of yesterday. The source told Al Mal implementing the price hike before the Eid Al Fetr holidays will revitalize the black market, adding that the Egyptian National Railways sought the price increase to cover the losses of c. EGP 3.4 bn it incurred last fiscal year.

The Wall Street Journal’s Tamer El-Ghobashy and Radhouane Addala paint a striking, complex portrait of Seifeddine Rezgui, the gunman who received training with a group affiliated with Daesh prior to going on a shooting rampage that claimed the lives of 39 people in the Tunisian resort of Sousse last Friday.

BY THE NUMBERS

USD CBE auction (Sunday, 28 June): 7.5301 (unchanged since Monday, 02 Feb)
USD parallel market (Sunday, 28 June): 7.69 (+0.01 from Sunday, 7 June, Reuters)

EGX30 (Wednesday): Market closed

WTI: USD 56.94 (-0.04%)
Brent: USD 62.01 (-2.48%)

TASI: 9,104.3 (+0.2%)
ADX: 4,697.1 (-0.6%)
DFM: 4,092.3 (+0.1%)
KSE Weighted Index: 419.1 (-0.2%)
QE: 12,049.1 (-1.2%)
MSM: 6,429.1 (+0.1%)