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Tuesday, 28 June 2016


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Pharos Holding -

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%)

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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