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Monday, 5 September 2016

BY THE NUMBERS

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Pharos Holding - http://www.pharosholding.com/

USD CBE auction (Tuesday, 30 Aug): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Sunday, 04 Sep): 12.80 sell, 12.65 buy (from 12.70 sell, 12.50 buy on Saturday, 03 Sep, Al Mal)

EGX30 (Sunday): 8,241.2 (+1.3%)
Turnover: EGP 412.9 mn (5% below the 90-day average)
EGX 30 year-to-date: +17.6%

THE MARKET ON SUNDAY: EGX30 closed at its highest intraday level up 1.3%, on the back of a 2.6% gain for index heavyweight CIB. The session’s biggest gainers were Oriental Weavers, Eastern Tobacco, and Egyptian Kuwait Holding. The worst performing stocks were Credit Agricole, Juhayna, and Ezz Steel. At a market turnover of EGP 412.9 mn, domestic investors were the sole net sellers.

Foreigners: Net long | EGP + 32.6 mn
Regional: Net long | EGP + 1.2 mn
Domestic: Net short | EGP – 33.8 mn

Retail: 59.6% of total trades | 57.8% of buyers | 61.5% of sellers
Institutions: 40.4% of total trades | 42.2% of buyers | 38.5% of sellers

Foreign: 15.2% of total | 19.1% of buyers | 11.3% of sellers
Regional: 4.7% of total | 4.8% of buyers | 4.5% of sellers
Domestic: 80.1% of total | 76.1% of buyers | 84.2% of sellers

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PHAROS VIEW

MNHD Reports Highest Monthly Sales in Company History

Madinet Nasr for Housing and Development (MNHD) reported its contracted sales figure for the month of August 2016 at EGP 519.1 million, up 520.4% when compared to contracted sales of EGP 83.7 million in August 2015. Highlights of the Pharos note:

  • MNHD on Track to Meet Our 2016 Contracted Sales Projection of EGP 1.8 Billion
  • Sales Figures Solidify MNHD’s Position in the Development World; Maintain BUY

Tap here to read the note in full.

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WTI: USD 44.44 (+2.97%)
Brent: USD 46.83 (+3.04%)
Natural Gas (Nymex, futures prices) USD 2.79 MMBtu, (+2.29%, Oct 2016 contract)
Gold: USD 1,328.10 / troy ounce (+0.11%)<br
TASI: 6,099.0 (+1.3%) (YTD: -11.8%)
ADX: 4,472.2 (-0.2%) (YTD: +3.8%)
DFM: 3,535.4 (+0.7%) (YTD: +12.2%)
KSE Weighted Index: 345.8 (-0.4%) (YTD: -9.4%)
QE: 10,850.5 (+0.1%) (YTD: +4.0%)
MSM: 5,727.8 (+0.2%) (YTD: +5.9%)
BB: 1,141.1 (-0.2%) (YTD: -6.2%)

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