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Tuesday, 26 April 2016


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Pharos Holding -

USD CBE auction (Tuesday, 19 April): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Monday, 25 April): 10.40 (-0.40 since Saturday, 23 April, Al Masry Al Youm)

EGX30 (Sunday): 7,743.41 (-0.49%)
Turnover: EGP 364.75 mn (16% below the 90-day average)
EGX 30 year-to-date: 10.52%

THE MARKET ON SUNDAY: The EGX30 kicked off the first trading session of the week on a strong negative note as it fell 0.9% twenty minutes into the session. Later in the day, the selling pressure softened as the index managed to pare some of its early losses and end the day 0.49% down. Orascom Construction, Arabia Investments, and Credit Agricole were among the EGX30’s top gainers while Global Telecom, Edita, and East­ern Company were among the index’s worst performers. At a turnover of EGP 364.75 mn, local investors were the sole net sellers. Regionally, the TASI was up 0.6% and ADX 0.3% while the DFM fell 0.7%.

Foreigners:Net long | EGP + 2.9 mn
Regional:Net long | EGP + 19.1 mn
Domestic:Net short | EGP – 22.0 mn

Retail: 79.6% of total trades | 81.0% of buyers | 78.2% of sellers
Institutions: 20.4% of total trades | 19.0% of buyers | 21.8% of sellers

Foreign: 9.5% of total | 9.9% of buyers | 9.1% of sellers
Regional: 8.4% of total |11.0% of buyers | 5.8% of sellers
Domestic: 82.1% of total | 79.1% of buyers | 85.1% of sellers

WTI: USD 42.94 (-1.81%)
Brent: USD 44.73 (-0.84%)
Gold: USD 1,238.60 / troy ounce (+0.70%)

TASI: 6,868.1 (+0.6%)
ADX: 4,633.2 (+0.3%)
DFM: 3,557.5 (-0.7%)
KSE Weighted Index: 364.0 (-0.4%)
QE: 10,184.5 (-0.8%)
MSM: 5,926.1 (+0.6%)

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.

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