BY THE NUMBERS
USD CBE auction (Tuesday, 30 Aug): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Wednesday, 01 Sep): 12.77 sell, 12.57 buy (compared to 12.60-12.75 on Tuesday, 30 Aug, Al Mal)
EGX30 (Wednesday): 8,158.0 (+1.0%)
Turnover: EGP 508.8 mn (19% above the 90-day average)
EGX 30 year-to-date: +16.4%
THE MARKET ON WEDNESDAY: EGX30 posted 1.0% gain by the ring of the closing bell. Other EGX indices closed marginally in the green territory. Today’s top gainers were Elsewedy Electric, Amer Group, and Telecom Egypt. The latter’s gain were driven by the announcement of becoming the first 4G mobiles service operator in Egypt. On the flip side, Arabian Cement, Egyptian Resorts, and TMG Holding were today’s worst performers. At a market turnover of EGP 508.8 mn, foreign investors were the sole net sellers during the day.
Foreigners: Net short | EGP – 11.3 mn
Regional: Net long | EGP + 11.3 mn
Domestic: Net long | EGP + 0.0 mn
Retail: 58.3% of total trades | 60.0% of buyers | 56.6% of sellers
Institutions: 41.7% of total trades | 40.0% of buyers | 43.4% of sellers
Foreign: 25.6% of total | 24.5% of buyers | 26.7% of sellers
Regional: 6.4% of total | 7.5% of buyers | 5.3% of sellers
Domestic: 68.0% of total | 68.0% of buyers | 68.0% of sellers
WTI: USD 44.83 (+0.29%)
Brent: USD 47.00 (+0.23%)
Natural Gas (Nymex, futures prices) USD 2.87 MMBtu, (-0.62%, Oct 2016 contract)
Gold: USD 1,312.50 / troy ounce (+0.08%)
TASI: 6,079.5 (-0.8%) (YTD: -12.0%)
ADX: 4,471.0 (-0.5%) (YTD: +3.8%)
DFM: 3,504.4 (-0.3%) (YTD: +11.2%)
KSE Weighted Index: 347.3 (-0.1%) (YTD: -9.0%)
QE: 10,989.8 (-2.9%) (YTD: +5.4%)
MSM: 5,735.0 (-0.6%) (YTD: +6.1%)
BB: 1,142.2 (+0.3%) (YTD: -6.1%)