BY THE NUMBERS
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USD CBE auction (Tuesday, 3 May): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Saturday, 7 May): 10.95 (-0.15 since Wednesday, 4 May, Al Mal)
EGX30 (Thursday): 7,547.5 (1.41%)
Turnover: EGP 521.6 mn (20% above the 90-day average)
EGX 30 year-to-date: 7.73%
THE MARKET ON THURSDAY: TheEGX30 jumped 1.0% one hour into the session led by index heavyweights TMG and EFG Hermes. The broad-based buying appetite continued to strengthen, which led the index to close a tad below its highest level during the day — 1.4% up. EGX70 rose 0.6% while the equally-weighted EGX50 closed 1.8% up. CIB, Arabia Investments and Orascom Construction were the sole EGX30 constituents to end the session in the negative territory. The index’s most notable gainers were Edita, OTMT, and Eastern Company. At a market turnover of EGP 521.6 mn, local investors were the sole net sellers of the day.On the regional front, the Saudi Tadawul closed Thursday’s session in the green territory as it jumped 1.1%. Other GCC indices came in mixed as the DFM dropped 0.5%, while the ADX ended the session 1.1% up.
Foreigners:Net long | EGP + 3.0 mn
Regional:Net long | EGP + 40.0 mn
Domestic:Net short | EGP – 43.0 mn
Retail: 56.9% of total trades | 55.5% of buyers | 58.3% of sellers
Institutions: 43.1% of total trades | 44.5% of buyers | 41.7% of sellers
Foreign: 23.8% of total | 23.9% of buyers | 23.3% of sellers
Regional: 8.9% of total | 12.7% of buyers | 5.0% of sellers
Domestic: 67.5% of total | 63.4% of buyers | 71.7% of sellers
WTI: USD 44.66 (+0.70%)
Brent: USD 45.37 (+0.91%)
Gold: USD 1,294.00 / troy ounce (+0.83%
TASI: 6,656.4 (1.1%)
ADX: closed
DFM: closed
KSE Weighted Index: 362.6 (-0.1%)
QE: closed
MSM: closed