BY THE NUMBERS
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USD CBE auction (Tuesday, 21 June): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Wednesday, 22 June): 11.07-11.10 (compared to 11.05-11.08 on Tuesday 21 June, local press)
EGX30 (Monday): 6,904 (+0.8%)
Turnover: EGP 324.5 mn (25% below the 90-day average)
EGX 30 year-to-date: -1.5%
THE MARKET ON MONDAY: The EGX30, kicked off Monday’s trading session on a strong positive note, jumping 1.7% one hour into the session with its bellwether, CIB, providing the initial support. By mid-session, the broad-based buying appetite was softened by a selling wave, which led the index to close up 0.8%. The day’s most significant gainers were OTMT, Egyptian Resorts, and Elsaeed Contracting. On the flip side, Edita, Oriental Weavers, and TMG Holding were among the worst performers. At a market turnover of EGP 324.5 mn, local investors were the sole net buyers of the day.
Foreigners: Net short | EGP -22.7 mn
Regional: Net short | EGP -6.0 mn
Domestic: Net long | EGP +28.7 mn
Retail: 59.0% of total trades | 64.4% of buyers | 53.7% of sellers
Institutions: 41.0% of total trades | 35.6% of buyers | 46.3% of sellers
Foreign: 24.6% of total | 21.0% of buyers | 28.0% of sellers
Regional: 5.8% of total | 4.9% of buyers | 6.7% of sellers
Domestic: 69.6% of total | 74.1% of buyers | 65.3% of sellers
WTI: USD 48.85 (+3.17%)
Brent: USD 47.54 (-1.80%)
Natural Gas (Nymex, futures prices) USD 2.72 MMBtu, (+3.03%, July 2016 contract)
Gold: USD 1,324.70 / troy ounce (-0.44%)
TASI: 6,464.8 (-0.2%) (YTD: -6.5%)
ADX: 4,434.2 (+0.4%) (YTD: +2.0%)
DFM: 3,285.8 (+0.9%) (YTD: +4.3%)
KSE Weighted Index: 351.2 (+0.4%) (YTD: -8.0%)
QE: 9,816.8 (-0.3%) (YTD: -5.9%)
MSM: 5,763.8 (0.0%) (YTD: +6.6%)
BB: 1,112.7 (+0.1%) (YTD: -8.5%)