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Monday, 11 April 2016

BY THE NUMBERS

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USD CBE auction (Thursday, 7 April):  8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Thursday, 7 April): 10.30 / 10.32  (compared to 10.15 / 10.20 since Wednesday 6 April, Reuters)

EGX30 (Sunday): 7,403.77 (-1.0%)
Turnover: EGP 516.14 mn
EGX 30 year-to-date: 5.67%

THE MARKET ON SUNDAY: Egypt’s benchmark index shed 1.0% on the day. On the flip side, the EGX70 was up 0.6% and the equally weighted EGX50 0.4%. Egypt’s largest private bank and the EGX30’s largest constituent, CIB, was down 2.2%. United Arab Stevedoring, Credit Agricole – Egypt, and Eastern Company were the only EGX30 constituents to end the day in the positive territory while Pioneers Holding, SODIC, and Ezz Steel were the EGX30’s worst performers. At a market turnover of EGP 516.1 mn, regional investors were the sole net buyers. Regionally, Saudi’s TASI was up 1.4%, Dubai’s General Index1.4%, and Abu Dhabi’s General Index 0.7%.

Foreigners:Net short | EGP – 7.2 mn
Regional:Net long | EGP + 20.2 mn
Domestic:Net short | EGP – 13.0 mn

Retail: 79.2% of total trades | 84.9% of buyers | 73.4% of sellers
Institutions: 20.8% of total trades | 15.1% of buyers | 26.6% of sellers

Foreign: 4.4% of total | 3.7% of buyers | 5.1% of sellers
Regional: 9.9% of total | 11.8% of buyers | 7.9% of sellers
Domestic: 85.7% of total | 84.5% of buyers | 87.0% of sellers

WTI: USD 40.13 (+1.03%)
Brent: USD 42.26 (+0.76%)
Gold: USD 1,246.50 / troy ounce (+0.22%)

TASI: 6,346.16 (+1.41%)
ADX: 4,380.63 (+0.66%)
DFM: 3,433.69 (+1.40%)
KSE Weighted Index: 362.14 (+0.30%)
QE: 10,128.65 (-0.36%)
MSM: 5,652.01 (+0.75%)

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.

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