BY THE NUMBERS
USD CBE auction (Tuesday, 12 April): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Monday, 18 April): 10.50-10.73 (+ 0.06 / +0.29 since Sunday 17 April, Al Borsa, Reuters)
EGX30 (Monday): 7,662.44 (1.93%)
Turnover: EGP 888.73 mn (105% above the 90-day average)
EGX 30 year-to-date: 9.37%
THE MARKET ON MONDAY: EGX30 climbed 1.9% today, its highest daily gain since the devaluation-induced rally last month, supported by a 4.7% jump in heavyweight CIB. Gains were broad-based with only Eastern Tobacco and Credit Agricole ending the day down. GB Auto and United Arab Stevedoring were the best performers. At a turnover of EGP 888.7 mn, foreign investors were the sole net buyers. Regionally, most gulf equity markets recovered from early losses and ended the day marginally higher in spite of the sharp decline in oil prices.
Foreigners:Net long | EGP + 128.0 mn
Regional:Net short | EGP – 36.5 mn
Domestic:Net short | EGP – 91.5 mn
Retail: 70.7% of total trades | 63.0% of buyers | 78.4% of sellers
Institutions: 29.3% of total trades | 37.0% of buyers | 21.6% of sellers
Foreign: 15.5% of total | 22.6% of buyers | 8.3% of sellers
Regional: 7.1% of total | 5.1% of buyers | 9.2% of sellers
Domestic: 77.4% of total | 72.3% of buyers | 82.5% of sellers
WTI: USD 40.01 (+4.99%)
Brent: USD 43.18 (+5.78%)
Gold: USD 1,233.20 / troy ounce (-0.44%)
TASI: 6,424.9 (+0.2%)
ADX: 4,557.2 (flat)
DFM: 3,525.4 (+0.1%)
KSE Weighted Index: 363.2 (-0.8%)
QE: 10,231.5 (+0.4%)
MSM: 5,659.9 (-1.3%)