Powered by

USD CBE auction (Tuesday, 06 Sep): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Saturday, 17 Sep): 12.60 (from 12.75-12.77 on Tuesday, 06 Sep, Al Borsa)

EGX30 (Thursday, 15 Sep): 7,979.3 (-1.9%)
Turnover: EGP 402.0 mn (8% below the 90-day average)
EGX 30 year-to-date: +13.9%

THE MARKET ON THURSDAY: The EGX30 slid deeply into the red on Thursday, closing the session down 1.9%, its biggest one-day drop since 26 June 2016. The benchmark index’s top gainers were Orascom Construction, which rose 3.4% on news it had changed its domicile to Egypt from the UAE in the FTSE Russell Index. Pioneers and Arabia Investments were the only other EGX30 constituents to close in the green, while Juhayna, Eastern Tobacco, TMG and Arabian Cement led the day’s losers. JUFO plunged 7.5% to its lowest level in almost four years on the back of it being excluded from the FTSE Russell Index in its upcoming rebalancing, which is effective from this week. Market turnover stood at EGP 402.0 mn, with foreign investors the sole net sellers of the day.

Foreigners: Net Short | EGP -52.6 mn
Regional: Net Long | EGP +31.0 mn
Domestic: Net Long | EGP +21.6 mn

Retail: 53.2% of total trades | 61.4% of buyers | 45.1% of sellers
Institutions: 46.8% of total trades | 38.6% of buyers | 54.9% of sellers

Foreign: 35.6% of total | 29.1% of buyers | 42.1% of sellers
Regional: 7.7% of total | 11.6% of buyers | 3.9% of sellers
Domestic: 56.7% of total | 59.3% of buyers | 54.0% of sellers

WTI: USD 43.03 (-2.00%)
Brent: USD 45.77 (-1.76%)
Natural Gas (Nymex, futures prices) USD 2.95 MMBtu, (+0.72%, Oct 2016 contract)
Gold: USD 1,313.2 / troy ounce (+0.23%)