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Thursday, 26 May 2016

BY THE NUMBERS

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

USD CBE auction (Tuesday, 24 May): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Tuesday, 24 May): 11.00 (compared with 10.95 on Thursday, 19 May, Reuters)

EGX30 (Wednesday): 7,543.43 (+0.61%)
Turnover: EGP 522.5 mn (20% above the 90-day average)
EGX 30 year-to-date: +7.67%

THE MARKET ON WEDNESDAY: The EGX30 climbed 0.6% in tandem with the rally in global indexes after oil prices bounced back and the U.S. re­leased robust housing data indicating a strong recovery in the world’s largest economy. Edita Food Industries, Pio­neers Holding, and Telecom Egypt were the top performing index constituents. On the other hand, Juhayna Food Industries, Porto Group, and Amer Group were the worst performing index members. At a turnover of EGP 522.5 m, foreign investors were the sole net buyers during the day.

Foreigners:Net long | EGP + 46.7 mn
Regional:Net short | EGP – 13.4 mn
Domestic:Net short | EGP – 33.3 mn

Retail: 64.0% of total trades | 59.2% of buyers | 68.8% of sellers
Institutions: 36.0% of total trades | 40.8% of buyers | 31.2% of sellers

Foreign: 16.1% of total | 20.6% of buyers | 11.7% of sellers
Regional: 8.1% of total | 6.8% of buyers | 9.4% of sellers
Domestic: 75.8% of total | 72.6% of buyers | 79.0% of sellers

WTI: USD 49.56 (+0.94%)
Brent: USD 49.78 (+1.51%)
Gold: USD 1,223.80 / troy ounce (-0.44%)

TASI: 6,516.49 (+0.64%)
ADX: 4,288.61 (+1.57%)
DFM: 3,308.77 (+1.88%)
KSE Weighted Index: 358.27 (+0.62%)
QE: 9,705.74 (+0.42%)
MSM: 5,930.5 (+0.62%)

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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