The Market Yesterday
EGP / USD CBE market average: Buy 17.74 | Sell 17.84
EGP / USD at CIB: Buy 17.75 | Sell 17.85
EGP / USD at NBE: Buy 17.75 | Sell 17.85
EGX30 (Tuesday): 13,638 (-0.2%)
Turnover: EGP 732 mn (21% below the 90-day average)
EGX 30 year-to-date: +10.5%
THE MARKET ON TUESDAY: The EGX 30 closed down 0.2% yesterday. CIB, the index’s heaviest constituent closed up 0.2%. EGX30’s top performing constituents were: Porto Group up 5.1%; Oriental Weavers up 0.9%; and Abu Dhabi Islamic Bank up 0.7%. Today’s worst performing stocks were: Orascom Telecom Media and Technology down 2.8%; EFG Hermes down 2.1%; and Arab Cotton Ginning down 1.4%. The market turnover was EGP 732 mn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP – 15.8 mn
Regional: Net Long | EGP + 8.8 mn
Domestic: Net Long | EGP + 7 mn
Retail: 72% of total trades | 71.2% of buyers | 72.9% of sellers
Institutions: 28% of total trades | 28.8% of buyers | 27.1% of sellers
Foreign: 14.9% of total | 13.9% of buyers | 16% of sellers
Regional: 5.8% of total | 6.4% of buyers | 5.2% of sellers
Domestic: 79.3% of total | 79.7% of buyers | 78.8% of sellers
WTI: USD 49.09 (-0.16%)
Brent: USD 52.00 (-0.71%)
Natural Gas (Nymex, futures prices) USD 2.81 MMBtu, (-0.32%, SEPT 2017 contract)
Gold: USD 1,267.8 / troy ounce (+0.41%)
TASI: 7,145.54 (+0.45%) (YTD: -0.9%)
ADX: 4,588.06 (-0.08%) (YTD: +0.92%)
DFM: 3,647.87 (-0.28%) (YTD: +3.31%)
KSE Weighted Index: 418.44 (+0.72%) (YTD: +10.09%)
QE: 9,373.49 (-0.33%) (YTD: -10.19%)
MSM: 5,005.73 (-0.73%) (YTD: -13.44%)
BB: 1,323.74 (-0.05%) (YTD: +8.46%)