BY THE NUMBERS
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** Pharos Holding is proud to be the platinum sponsor of the Egyptian Capital Markets Association’s 20th anniversary event at the Four Seasons Nile Plaza Hotel, Cairo, Egypt on Tuesday, 17 May 2016.
USD CBE auction (Tuesday, 10 May): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Wednesday, 10 May): 10.95 (+0.10 from Sunday, 8 May, Reuters)
EGX30 (Wednesday): 7,503.4 (-1.55%)
Turnover: EGP 624.9 mn (44% above the 90-day average)
EGX 30 year-to-date: +7.10%
THE MARKET ON WEDNESDAY: The EGX30 fell 1.55% with a market turnover of EGP 624.9 mn. Regional investors were the sole net buyers of the day. Amer Group, Arab Cotton Ginning, and Madinet Nasr Housing bore the brunt of today’s selling wave, while Porto Group, Pioneers Holding, and Egyptian Resorts were the only three gainers. On the regional front, the Saudi Tadawul ended Wednesday’s session flat. Other GCC indices came in mixed as Dubai’s General inched 0.5% up while Abu Dhabi’s General Index ended the session 0.9% down.
Foreigners:Net short | EGP -1.9 mn
Regional:Net long | EGP +14.8 mn
Domestic:Net short | EGP – 12.9 mn
Retail: 76.2% of total trades | 80.1% of buyers | 72.4% of sellers
Institutions: 23.8% of total trades | 19.9% of buyers | 27.6% of sellers
Foreign: 10.1% of total | 9.9% of buyers | 10.2% of sellers
Regional: 6.0% of total | 7.2% of buyers | 4.9% of sellers
Domestic: 83.9% of total | 82.9% of buyers | 84.9% of sellers
WTI: USD 45.94 (+3.00%)
Brent: USD 47.43 (+4.45%)
Gold: USD 1,279.20 / troy ounce (+0.87%)
TASI: 6,654.2 (+0.1%)
ADX: 4,385.6 (-0.9%)
DFM: 3,328.9 (+0.5%)
KSE Weighted Index: 363.9 (+0.5%)
QE: 9,888.4 (flat)
MSM: 5,948.6 (-0.5%)