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Monday, 25 November 2019

The Market Yesterday

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Pharos Holding - http://www.pharosholding.com/

EGP / USD CBE market average: Buy 16.05 | Sell 16.17
EGP / USD at CIB: Buy 16.05 | Sell 16.15
EGP / USD at NBE: Buy 16.05 | Sell 16.15

EGX30 (Sunday): 14,050 (-0.3%)
Turnover: EGP 252 mn (65% below the 90-day average)
EGX 30 year-to-date: +7.8%

THE MARKET ON SUNDAY: The EGX30 ended Sunday’s session down 0.3%. CIB, the index’s heaviest constituent, ended down 0.6%. EGX30’s top performing constituents were Egyptian Iron & Steel up 1.9%, Juhayna up 1.9%, and Eastern Company up 0.8%. Yesterday’s worst performing stocks were Orascom Construction down 2.5%, Abu Dhabi Islamic Bank down 1.1% and Orascom Development Egypt down 1.1%. The market turnover was EGP 252 mn, and local investors were the sole net buyers.

Foreigners: Net short | EGP -16.1 mn
Regional: Net short | EGP -7.4 mn
Domestic: Net local | EGP +23.5 mn

Retail: 62.7% of total trades | 59.8% of buyers | 65.6% of sellers
Institutions: 37.3% of total trades | 40.2% of buyers | 34.4% of sellers

WTI: USD 57.77 (-1.4%)

Brent: USD 63.39 (-0.9%)

Natural Gas: (Nymex, futures prices) USD 2.67 MMBtu, (+3.8%, December 2019 contract)

Gold: USD 1,470.50 / troy ounce (+0.0%)

TASI: 7,999 (-0.8%) (YTD: +2.2%)
ADX: 5,041 (-0.0%) (YTD: +2.6%)
DFM: 2,687 (+0.1%) (YTD: +6.2%)
KSE Premier Market: 6,339 (+0.4%)
QE: 10,253 (-0.1%) (YTD: -0.4%)
MSM: 4,081 (-0.0%) (YTD: -5.6%)
BB: 1,505 (-0.0%) (YTD: +12.6%)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.