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EGP / USD CBE market average: Buy 17.8447 | Sell 17.9438

EGP / USD at CIB: Buy 17.85 | Sell 17.95

EGP / USD at NBE: Buy 17.84 | Sell 17.94

EGX30 (Tuesday): 13,335 (-0.7%)
Turnover: EGP 721.7 mn (34% below the 90-day average)
EGX 30 year-to-date: +8.0%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 0.7%. CIB, the index heaviest constituent ended up 0.6%. EGX30’s top performing constituents were: Qalaa Holding up 4.8%, Juhayna up 4.0%, and Egyptian Iron and Steel up 3.8%. Yesterday’s worst performing stocks were: Oriental Weavers down 5.1%, EFG Hermes down 3.4%, and Elsewedy Electric down 2.2%. The market turnover was EGP 722 mn, and local investors were the sole net sellers.

Foreigners: Net Long | EGP +35.5 mn
Regional: Net Long | EGP +12.6 mn
Domestic: Net Short | EGP -48.1 mn

Retail: 72.1% of total trades | 71.1% of buyers | 73.1% of sellers
Institutions: 27.9% of total trades | 28.9% of buyers | 26.9% of sellers

Foreign: 13.2% of total | 15.7% of buyers | 10.8% of sellers
Regional: 6.3% of total | 7.1% of buyers | 5.4% of sellers
Domestic: 80.5% of total | 77.2% of buyers | 83.8% of sellers

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PHAROS VIEW

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WTI: USD 47.14 (+0.15%)
Brent: USD 49.61 (-0.14%)

Natural Gas (Nymex, futures prices) USD 2.99 MMBtu, (+1.15%, August 2017 contract)
Gold: USD 1,225.90 / troy ounce (+0.55%)

TASI: 7,299.74 (-2.59%) (YTD: +1.24%)
ADX: 4,391.61 (-0.52%) (YTD: -3.40%)
DFM: 3,415.26 (-0.28%) (YTD: -3.27%)
KSE Weighted Index: 397.66 (+0.47%) (YTD: +4.62%)
QE: 8,895.64 (-0.46%) (YTD: -14.77%)
MSM: 5,097.59 (+0.18%) (YTD: -11.85%)
BB: 1,317.42 (+0.11%) (YTD: +7.95%)