The Market Yesterday
EGP / USD CBE market average: Buy 17.7182 | Sell 17.8182
EGP / USD at CIB: Buy 17.72 | Sell 17.82
EGP / USD at NBE: Buy 17.73 | Sell 17.83
EGX30 (Wednesday): 13,149.19 (+0.36%)
Turnover: EGP 594.7 mn (35% below the 90-day average)
EGX 30 year-to-date: +6.52%
THE MARKET ON WEDNESDAY: The EGX30 closed yesterday up 0.4%. CIB, the index’s heaviest constituent, ended almost flat. The index’s top-performing constituents were Elsewedy Electric (+5.8%), Telecom Egypt (+1.4%), and EFG Hermes (+1.3%). The day’s worst-performing shares were Porto Group (-2.4% down), Arabian Cement (-1.4%), and Abu Dhabi Islamic Bank (-1.3%). Market turnover was EGP 595 mn, with foreign investors the sole net sellers.
Foreigners: Net short | EGP -21.1 mn
Regional: Net long | EGP +13.1mn
Domestic: Net long | EGP +8.0 mn
Retail: 52.2% of total trades | 51.9% of buyers | 52.5% of sellers
Institutions: 47.8% of total trades | 48.1% of buyers | 47.5% of sellers
Foreign: 32.9% of total | 31.2% of buyers | 34.5% of sellers
Regional: 8.0% of total | 9.0% of buyers | 7.0% of sellers
Domestic: 59.1% of total | 59.8% of buyers | 58.5% of sellers
WTI: USD 46.88 (-0.21%)
Brent: USD 50.45 (+0.36%)
Natural Gas (Nymex, futures prices) USD 2.89 MMBtu, (+0.14%, September 2017 contract)
Gold: USD 1,293.50 / troy ounce (+0.83%)
TASI: 7,128.35 (+0.35%) (YTD: -1.14%)
ADX: 4,497.34 (+0.59%) (YTD: -1.08%)
DFM: 3,589.30 (+0.27%) (YTD: +1.65%)
KSE Weighted Index: 424.18 (-0.08%) (YTD:+11.60%)
QE: 9,022.25 (-1.23%) (YTD: -13.55%)
MSM: 4,912.57 (-0.53%) (YTD: -15.05%)
BB: 1,310.98 (+0.06%%) (YTD: +7.42%)