Powered by

EGP / USD CBE market average: Buy 17.63 | Sell 18.05
EGP / USD at CIB: Buy 17.5 | Sell 17.75
EGP / USD at NBE: Buy 17.7 | Sell 17.95

EGX30 (Tuesday): 11,502.51 (+0.67%)
Turnover: EGP 1.034 bn (138% above the 90-day average)
EGX 30 year-to-date: +64.18%

THE MARKET ON TUESDAY: The Egyptian benchmark index ended the day 0.7% up. Tuesday’s top performing stocks were Edita, Heliopolis Housing, and Domty. On the downside, the worst performing stocks included Emaar Misr, Porto Group, and Pioneers Holdings. Market turnover was EGP 1.0 bn and foreign investors were the sole net buyers.

Foreigners: Net long | EGP + 134.3 mn
Regional: Net short | EGP – 4.1 mn
Domestic: Net short | EGP – 130.2 mn

Retail: 71.5% of total trades | 67.4% of buyers | 75.6% of sellers
Institutions: 28.5% of total trades | 32.6% of buyers | 24.4% of sellers

Foreign: 14.3% of total | 20.8% of buyers | 7.8% of sellers
Regional: 7.3% of total | 7.1% of buyers | 7.5% of sellers
Domestic: 78.4% of total | 72.1% of buyers | 84.7% of sellers

***
PHAROS VIEW

Should you buy into Obour Land’s initial public offering?

And if you do, where do you head for the exit? Pharos Holding does the math for you. We’re not going to ruin the surprise: Click here to read the report.

***

WTI: USD 50.54 (-0.77%)
Brent: USD 53.56 (-0.69%)
Natural Gas (Nymex, futures prices) USD 3.63 MMBtu, (-0.03%, January 2017 contract)
Gold: USD 1,171.20 / troy ounce (+0.09%)<br
TASI: 7,155.2 (+0.7%) (YTD: +3.5%)
ADX: 4,355.8 (+1.3%) (YTD: +1.1%)
DFM: 3,452.4 (+1.3%) (YTD: +9.6%)
KSE Weighted Index: 373.2 (+0.3%) (YTD: -2.2%)
QE: 9,977.8 (+0.5%) (YTD: -4.3%)
MSM: 5,654.7 (+0.7%) (YTD: +4.6%)
BB: 1,181.7 (+0.8%) (YTD: -2.8%)