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Wednesday, 1 June 2016


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Pharos Holding -

USD CBE auction (Tuesday, 31 May): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Tuesday, 31 May): 11.00 (compared with 11.00-11.04 on (Sunday, 30 May, Reuters)

EGX30 (Tuesday): 7483.65 (+0.41%)
Turnover: EGP 1.6 bn (including c. EGP 0.9 bn from Actis’ sale of Edita shares)
EGX 30 year-to-date: +6.82%

THE MARKET ON TUESDAY: The EGX30 ended the day in positive territory, reversing yesterday’s losses and gaining 0.4% by the end of the day. GB Auto, Porto Group and Telecom Egypt were the benchmark index’s top performing stocks, while TMG Holding, OTMT and Egyptian Resorts were the worst performing constituents. At a market turnover of EGP 1,566.1 mn, foreign investors were the sole net sellers of the day. Regionally, Saudi Arabia’s TASI inched up 1.4% and Dubai’s DFM General Index 0.2%.

Foreigners:Net short | EGP – 230.6 mn
Regional:Net long | EGP + 114.7 mn
Domestic:Net long | EGP + 15.9 mn

Retail: 19.5% of total trades | 22.3% of buyers | 16.7% of sellers
Institutions: 80.5% of total trades | 77.7% of buyers | 83.3% of sellers

Foreign: 70.4% of total | 64.4% of buyers | 76.4% of sellers
Regional: 7.3% of total | 10.3% of buyers | 4.3% of sellers
Domestic: 22.3% of total | 25.3% of buyers | 19.3% of sellers

WTI: USD 48.89 (-1.33%)
Brent: USD 49.69 (flat)
Gold: USD 1,217.90 / troy ounce (+0.16%)
Nymex (futures prices): USD 2.28 MMBtu, (-0.31%, July 2016 contract)

TASI: 6,448.42 (+1.39%) (YTD: -6.70%)
ADX: 4,250.20 (-0.22%) (YTD: -1.32%)
DFM: 3,313.72 (+0.22%) (YTD: +5.16%)
KSE Weighted Index: 357.40 (+0.34%) (YTD: -6.37%)
QE: 9,538.77 (-0.14%) (YTD: -8.54%)
MSM: 5,810.96 (-0.47%) (YTD: +7.49%)
BB: 1,111.56 (+1.57%) (YTD: -8.58%)

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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