Back to the complete issue
Sunday, 8 May 2016

BY THE NUMBERS

Powered by
Pharos Holding - http://www.pharosholding.com/

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

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.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.