BY THE NUMBERS
USD CBE auction (Tuesday, 12 April): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Tuesday, 12 April): 10.25-10.28 (+0.03 since Monday, 11 April)
EGX30 (Tuesday): 7,331.05 (-0.16%)
Turnover: EGP 437.1 mn (equivalent to the 90-day average)
EGX 30 year-to-date: +4.64%
THE MARKET ON TUESDAY: The EGX30 traded in the negative territory yesterday, but managed to limit its decline to a mild 0.2% dip by the session’s end. The benchmark index was notably pulled down by CIB, which closed 1.0% down. The index heavyweight was one of only three index constituents to end the session in the negative territory. The other two stocks were Juhayna Food Industries and Credit Agricole – Egypt. The index’s best-performing members were Pioneers Holding, Edita Food Industries, and Oriental Weavers. At a market turnover of EGP 437.1 mn, local investors were the sole net sellers of the day. Regionally, Saudi Arabia’s TASI, Dubai’s DFM General Index, and Abu Dhabi’s ADX General Index rose 1.5%, 1.5%, and 0.4%, respectively.
Foreigners:Net long | EGP + 17.4 mn
Regional:Net long | EGP + 31.8 mn
Domestic:Net short | EGP – 49.2 mn
Retail: 79.6% of total trades | 76.9% of buyers | 82.4% of sellers
Institutions: 20.4% of total trades | 23.1% of buyers | 17.6% of sellers
Foreign: 9.2% of total | 11.2% of buyers | 7.2% of sellers
Regional: 7.9% of total | 11.5% of buyers | 4.3% of sellers
Domestic: 82.9% of total | 77.3% of buyers | 88.5% of sellers
WTI: USD 41.73 (+3.81%)
Brent: USD 44.35 (+3.55%)
Gold: USD 1,256.30 / troy ounce (-0.34%)
TASI: 6,403.6 (+1.5%)
ADX: 4,408.2 (+0.4%)
DFM: 3,473.8 (+1.5%)
KSE Weighted Index: 361.4 (-0.3%)
QE: 10,246.3 (+0.9%)
MSM: 5,728.7 (+0.8%)