BY THE NUMBERS
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EGP / USD CBE market average: Buy 18.1026 | Sell 18.4394
EGP / USD at CIB: Buy 17.95 | Sell 18.26
EGP / USD at NBE: Buy 18 | Sell 18.25
EGX30 (Monday): 12,290.61 (-0.44%)
Turnover: EGP 999.41 mn (130% above the 90-day average)
EGX 30 year-to-date: -0.44%
THE MARKET ON MONDAY: The benchmark index EGX30 slid 0.4% in its first trading session of the new year. weighed down by its largest constituent CIB, which fell 2.2%. Monday’s top performing stocks were Qalaa Holdings, Egyptian Resorts, and Ezz Steel. The worst performing stocks included Orascom Telecom Media and Technology, Amer Group, and Edita. Market turnover was a relatively quiet EGP 999 mn and foreign investors were the sole net buyers. Importantly, non-Arab foreign investors remained the net buyers, continuing a streak that began with the EGP float. Qalaa Holding was the most heavily traded share, surging 9.7% to EGP 1.13 in its largest daily volume since listing in 2009, the second near-10% rise for Qalaa in as many trading sessions. In other EGX news, the central bank announced that foreigners were net buyers of the EGX to the tune of EGP 5.8 bn in November and December, pushing the EGX30 to its highest level ever, Al Mal reported. Gulf stock markets reported mixed performance on Monday, Reuters reported.
Foreigners: Net long | EGP +30.8 mn
Regional: Net short | EGP -5.6 mn
Domestic: Net short | EGP -25.2 mn
Retail: 76.6% of total trades | 76.7% of buyers | 76.4% of sellers
Institutions: 23.4% of total trades | 23.3% of buyers | 23.6% of sellers
Foreign: 10.4% of total | 11.9% of buyers | 8.9% of sellers
Regional: 8.8% of total | 8.5% of buyers | 9.0% of sellers
Domestic: 80.8% of total | 79.6% of buyers | 82.1% of sellers
Brent: USD 57.10 (+0.49%)
Natural Gas (Nymex, futures prices) USD 3.49 MMBtu, (-6.31%, February 2017 contract)
Gold: USD 1,156.00 / troy ounce (+0.37%)
TASI: 7,247.34 (+0.13%) (YTD: +0.51%)
ADX: 4,533.87 (-0.27%) (YTD: -0.27%)
DFM: 3,538.68 (+0.22%) (YTD: +0.22%)
KSE Weighted Index: 373.31 (+0.02%) (YTD: -2.20%)
QE: 10,428.72 (-0.08%) (YTD: -0.08%)
MSM: 5,700.21 (-0.77%) (YTD: -1.43%)
BB: 1,219.82 (-0.05%) (YTD: -0.05%)