The Market Yesterday
EGP / USD CBE market average: Buy 17.6096 | Sell 17.7096
EGP / USD at CIB: Buy 17.60 | Sell 17.70
EGP / USD at NBE: Buy 17.63 | Sell 17.73
EGX30 (Wednesday): 13,416 (+1.7%)
Turnover: EGP 879 mn (xx% BELOW / ABOVE the 90-day average)
EGX 30 year-to-date: +8.7%
THE MARKET ON WEDNESDAY: The Egyptian benchmark index ended last Wednesday’s session up 1.7%. CIB, the index heaviest constituent ended up 1.7%. EGX30’s top performing constituents were: Global Telecom up 9.3%, Egyptian Iron and Steel up 3.6%, and ACC up 2.1%. Wednesday’s worst performing stocks were: Arab Cotton Ginning down 1.1%, Elsewedy Electric down 0.7%, and Abu Dhabi Islamic Bank down 0.6%. The market turnover was EGP 879 mn, and regional investors were the sole net sellers.
Foreigners: Net Long | EGP +24.3 mn
Regional: Net Short | EGP -33.8 mn
Domestic: Net Long | EGP +9.5 mn
Retail: 62.7% of total trades | 59.9% of buyers | 65.4% of sellers
Institutions: 37.3% of total trades | 40.1% of buyers | 34.6% of sellers
Foreign: 22.7% of total | 24.1% of buyers | 21.3% of sellers
Regional: 10.4% of total | 8.5% of buyers | 12.3% of sellers
Domestic: 66.9% of total | 67.4% of buyers | 66.4% of sellers
WTI: USD 47.41 (+0.25%)
Brent: USD 52.34 (-0.78%)
Natural Gas (Nymex, futures prices) USD 3.02 MMBtu, (-1.63%, October 2017 contract)
Gold: USD 1,338.10 / troy ounce (+0.58%)
TASI: 7,258.64 (-0.04%) (YTD: +0.67%)
ADX: 4,481.28 (+0.29%) (YTD: -1.43%)
DFM: 3,635.00 (-0.07%) (YTD: +2.95%)
KSE Weighted Index: 430.57 (-0.41%) (YTD: +13.28%)
QE: 8,800.56 (-0.66%) (YTD: -15.68%)
MSM: 5,052.55 (+0.11%) (YTD: -12.63%)
BB: 1,302.46 (+0.28%) (YTD: +6.72%)