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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 (Wednesday): 7,421 (+1.2%)
Turnover: EGP 463.0 mn
EGX 30 year-to-date: -5.9%

THE MARKET ON WEDNESDAY: The benchmark EGX30 broke a three-day losing streak yesterday, closing the session up 1.2% on relatively low volumes. Twenty-one index constituents closed the day up, with Elsewedy Electric (+7.9%), Global Telecom Holding (+3.1%) and Pioneers Holding (+2.8%) leading the gainers. Top losers included United Arab Stevedoring (down 2.0%), Ezz Steel (-0.7%) and Heliopolis Housing (-0.5%). Fixed-line monopoly Telecom Egypt advanced 0.5% for the day after announcing it will distribute a dividend of EGP 0.75 per share to be distributed on 28 April 2016 to shareholders on record on 24 April 2016. With total market turnover at EGP 463.0 mn, local investors were the sole net sellers of the day. On the regional front, Saudi Arabia’s TASI was up 0.6% on Wednesday, while Dubai’s DFM General Index advanced 0.8% and Abu Dhabi’s ADX General Index gained 1.1%.

Foreigners: Net long | EGP + 13.4 mn
Regional: Net long | EGP + 51.2 mn
Domestic: Net short | EGP – 64.8 mn

Retail: 72.0% of total trades | 73.3% of buyers | 70.7% of sellers
Institutions: 28.0% of total trades | 26.7% of buyers | 29.3% of sellers

Foreign: 12.5% of total | 13.9% of buyers | 11.0% of sellers
Regional: 8.4% of total | 13.9% of buyers | 2.8% of sellers
Domestic: 79.1% of total | 72.2% of buyers | 86.2% of sellers

WTI: USD 41.69 (-0.10%)
Brent: USD 44.18 (-0.38%)
Gold: USD 1,243.00 / troy ounce (-1.06%)

TASI: 6,442.04 (+0.60%)
ADX: 4,454.94 (+1.06%)
DFM: 3,501.04 (+0.78%)
KSE Weighted Index: 364.45 (+0.86%)
QE: 10,245.87 (flat)
MSM: 5,730.97 (+0.04%)