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Wednesday, 2 August 2017

BY THE NUMBERS

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Pharos Holding - http://www.pharosholding.com/

EGP / USD CBE market average: Buy 17.8400 | Sell 17.9400
EGP / USD at CIB: Buy 17.81 | Sell 17.91
EGP / USD at NBE: Buy 17.78 | Sell 17.88

EGX30 (Tuesday): 13,396 (-0.2%)
Turnover: EGP 692 mn
EGX 30 year-to-date: +8.5%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 0.2%. CIB, the index heaviest constituent ended down 0.1%. EGX30’s top performing constituents were: Elsewedy Electric up 2.2%, Domty up 2.0%, and Qalaa Holdings up 1.9%. Yesterday’s worst performing stocks were: Egyptian Financial and Industrial down 1.6%, Eastern Co down 1.6%, and Heliopolis Housing down 1.3%. The market turnover was EGP 692 mn, and foreign investors were the sole net sellers.

Foreigners: Net Short | EGP -13.9 mn
Regional: Net Long | EGP +0.8 mn
Domestic: Net Long | EGP +13.1 mn

Retail: 48.3% of total trades | 46.3% of buyers | 50.3% of sellers
Institutions: 51.7% of total trades | 53.7% of buyers | 49.7% of sellers

Foreign: 34.2% of total | 33.2% of buyers | 35.0% of sellers
Regional: 5.4% of total | 5.5% of buyers | 5.4% of sellers
Domestic: 60.4% of total | 61.3% of buyers | 59.6% of sellers


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PHAROS VIEW

Egypt External Debt Monitor — External Borrowing Leans Towards Longer Maturities in 3Q2016-17: Pharos Holding released a study concerning egypt’s external debt covering debt ratio comparison between the third quarter of 2016 and of 2017; which assumes that the external debt accumulation will stabilise in the near term, due to the narrowing of Egypt’s current account deficit following the recent reform measures, increased foreign direct investment and the government’s fiscal consolidation.
Egypt’s external debt rose by 9.8%. A percentage of 8.9% of this increase is due to the international bond issuance and medium / long term facilities the government has taken, whilst the remaining increase is caused by banks and the private sector, which rose slightly from USD 10.8 bn in 2QFY2016-17 to USD 11.7 bn in 3QFY2016-17. Pharos Holding also highlights that the short term external debt contribution to total external debt increase recorded only 1.0%, reflecting the positive reaction to the Egyptian economic reform programme. Read the full report here (pdf).

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WTI: USD 48.80 (-0.73%)
Brent: USD 51.44 (-0.66%)
Natural Gas (Nymex, futures prices) USD 2.81 MMBtu, (-0.32%, September 2017 contract)
Gold: USD 1,274.20 / troy ounce (-0.41%)TASI: 7,109.27 (+0.21%) (YTD: -1.40%)
ADX: 4,561.65 (-0.10%) (YTD: +0.34%)
DFM: 3,649.35 (+0.45%) (YTD: +3.36%)
KSE Weighted Index: 413.73 (+0.11%) (YTD: +8.85%)
QE: 9,308.81 (-1.03%) (YTD: -10.81%)
MSM: 5,048.40 (+0.48%) (YTD: -12.70%)
BB: 1,328.06 (+0.02%) (YTD: +8.82%)

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