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Thursday, 28 April 2016


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Pharos Holding -

USD CBE auction (Tuesday, 26 April): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Wednesday, 27 April): 10.80 (+0.40 since Tuesday, 26 April, Al Shorouk)

EGX30 (Wednesday): 7,863.58 (-0.29%)
Turnover: EGP 829.2 mn (90% above the 90-day average)
EGX 30 year-to-date: +12.24%

THE MARKET ON WEDNESDAY: The EGX30 fell 0.3%, with CIB dragging the index down after dropping 2.1%. Only two of the EGX30’s constitu­ents ended the session in the positive territory: Edita and Elsewedy Electric. On the flip side, Orascom Construction, Porto Group, and Emaar Misr bore the brunt of today’s selling wave, all finding themselves in the red. At a market turn­over of EGP 829.2 mn, foreign investors were the sole net buyers. On the regional front, the Saudi Tadawul ended Wednesday’s ses­sion in the positive territory, up 0.9%, but other GCC indices came in mixed, with Dubai’s General down 1.6% and Abu Dhabi’s General Index coming in largely flat.

Foreigners:Net long | EGP + 101.9 mn
Regional:Net short | EGP + 1.7 mn
Domestic:Net short | EGP – 100.2 mn

Retail: 60.1% of total trades | 57.8% of buyers | 62.4% of sellers
Institutions: 39.9% of total trades | 42.2% of buyers | 37.6% of sellers

Foreign: 20.5% of total | 26.6% of buyers | 14.4% of sellers
Regional: 9.9% of total | 9.8% of buyers | 10.0% of sellers
Domestic: 69.6% of total | 63.6% of buyers | 75.6% of sellers

WTI: USD 45.18 (+1.46%)
Brent: USD 47.26 (+1.85%)
Gold: USD 1,246.70 / troy ounce (+0.16%)

TASI: 6,820.3 (+0.9%)
ADX: 4,588.2 (+0.1%)
DFM: 3,507.0 (-1.6%)
KSE Weighted Index: 365.6 (+0.1%)
QE: 10,159.5 (-0.2%)
MSM: 5,939.1 (-0.4%)

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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