BY THE NUMBERS
EGP / USD CBE market average: Buy 15.54 | Sell 16.14
EGP / USD at CIB: Buy 16.00 | Sell 16.25
EGP / USD at NBE: Buy 16.00 | Sell 16.25
EGX30 (Thursday): 11,221.56 (+2.04%)
Turnover: EGP 2.627 bn (504% above the 90-day average)
EGX 30 year-to-date: +60.17%
THE MARKET ON THURSDAY: The Egyptian benchmark Index closed 2.0% up. Thursday’s top gainers included Egypt Kuwait Holding, Eastern Co, and Madinet Nasr Housing. On the downside, today’s worst performing stocks were Domty, ACC, and GB Auto whose share price fell 6.9%. The market turnover was EGP 2.6 bn, which is a five-year high for trading and reflective of increased confidence in the market. Foreign investors were the sole net buyers
Foreigners: Net long | EGP + 128.0 mn
Regional: Net short | EGP – 24.6 mn
Domestic: Net short | EGP – 103.4 mn
Retail: 72.1% of total trades | 68.6% of buyers | 75.6% of sellers
Institutions: 27.9% of total trades | 31.4% of buyers | 24.4% of sellers
Foreign: 10.4% of total | 12.9% of buyers | 8.0% of sellers
Regional: 12.0% of total | 11.5% of buyers | 12.4% of sellers
Domestic: 77.6% of total | 75.6% of buyers | 79.6% of sellers
WTI: USD 45.69 (+0.59%)
Brent: USD 46.86 (+0.80%)
Natural Gas (Nymex, futures prices) USD 2.85 MMBtu, (+0.14%, December 2016 contract)
Gold: USD 1,208.70 / troy ounce (-0.67%)<br
TASI: 6,628.9 (-0.3%) (YTD: -4.1%)
ADX: 4,292.1 (0.0%) (YTD: -0.4%)
DFM: 3,309.8 (+1.4%) (YTD: +5.0%)
KSE Weighted Index: 370.0 (+0.4%) (YTD: -3.1%)
QE: 9,775.0 (+0.3%) (YTD: -6.3%)
MSM: 5,496.1 (0.0%) (YTD: +1.7%)
BB: 1,180.3 (+1.0%) (YTD: -2.9%)