BY THE NUMBERS
USD CBE auction (Tuesday, 14 June): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Saturday, 18 June): 11.02 (+0.03 from Wednesday, 15 June, Al Mal)
EGX30 (Monday): 7,203.64 (-1.83%)
Turnover: EGP 421.4 mn (3% below the 90-day average)
EGX 30 year-to-date: +2.82%
THE MARKET ON MONDAY: The EGX30 ended Monday down 1.9%, hitting a three-month low. CIB came in first in terms of turnover and ended the session marginally in the negative territory. Yesterday’s significant gainers were Orascom Construction, GB Auto, and Global Telecom. On the flip side, Telecom Egypt, Ezz Steel, and Credit Agricole-Egypt came in as the biggest losers. At a market turnover of EGP 421.4 mn, regional investors were the sole net buyers of the day.
On the regional front, Saudi Arabia’s TASI jumped and Dubai’s DFM General Index ended the session marginally in the green territory while Abu Dhabi General Index fell 1.0%.
Foreigners:Net short | EGP -1.0 mn
Regional:Net long | EGP +24.9 mn
Domestic:Net short | EGP -23.9 mn
Retail: 60.2% of total trades | 59.1% of buyers | 61.3% of sellers
Institutions: 39.8% of total trades | 40.9% of buyers | 38.7% of sellers
Foreign: 14.9% of total | 14.8% of buyers | 15.0% of sellers
Regional: 10.2% of total | 13.2% of buyers | 7.3% of sellers
Domestic: 74.9% of total | 72.0% of buyers | 77.7% of sellers
WTI: USD 49.2 (+2.07%)
Brent: USD 50.37 (+2.44%)
Natural Gas (Nymex, futures prices) USD 2.75 MMBtu, (+3.00%, July 2016 contract)
Gold: USD 1,292.10 / troy ounce (-0.22%)
TASI: 6,558.9 (+0.3%) (YTD: -5.1%)
ADX: 4,481.0 (-1.0%) (YTD: +4.0%)
DFM: 3,305.9 (+0.3%) (YTD: +4.9%)
KSE Weighted Index: 355.9 (-0.6%) (YTD: -6.8%)
QE: 9,825.3 (+0.2%) (YTD: -5.8%)
MSM: 5,784.5 (-0.4%) (YTD: +7.0%)
BB: 1,115.4 (0.2%) (YTD: -8.3%)