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EGP / USD CBE market average: Buy 17.6171 | Sell 17.7171
EGP / USD at CIB: Buy 17.63 | Sell 17.73
EGP / USD at NBE: Buy 17.63 | Sell 17.73

EGX30 (Monday): 13,593 (-0.2%)
Turnover: EGP 1.2 bn (41% above the 90-day average)
EGX 30 year-to-date: +10.1%

THE MARKET ON MONDAY: The EGX30 ended Monday’s session down 0.2%. CIB, the index heaviest constituent ended down 0.5%. EGX30’s top performing constituents were: Elsewedy Electric up 5.1%, Arab Cotton Ginning up 2.5%, and Egyptian Iron & Steel up 1.5%. Yesterday’s worst performing stocks included: Qalaa Holdings down 2.0%, SODIC down 1.9%, and Abu Dhabi Islamic Bank down 1.6%. The market turnover was EGP 1.2 bn, and regional investors were the sole net buyers.

Foreigners: Net Short | EGP -15.6 mn
Regional: Net Long | EGP +17.9 mn
Domestic: Net Short | EGP -2.3 mn

Retail: 69.8% of total trades | 67.8% of buyers | 71.8% of sellers
Institutions: 30.2% of total trades | 32.2% of buyers | 28.2% of sellers

Foreign: 19.5% of total | 18.8% of buyers | 20.1% of sellers
Regional: 8.7% of total | 9.4% of buyers | 7.9% of sellers
Domestic: 71.8% of total | 71.8% of buyers | 72.0% of sellers

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PHAROS VIEW

Healing the Egyptian Economic Structural Rigidities — A Long-Term Approach: Pharos Research issued a new report (pdf) investigating the structural rigidities that were characteristic of the Egyptian economy in the last 30 years. The report highlights current efforts to restructure the economy, and provides recommendations on how to achieve more sustainable and inclusive economic growth in Egypt, which requires that the government remain open and actively engaged.

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WTI: USD 49.94 (+0.06%)
Brent: USD 55.47 (-0.02%)
Natural Gas (Nymex, futures prices) USD 3.15 MMBtu, (+0.10%, October 2017 contract)
Gold: USD 1,310.70 / troy ounce (-0.01%)

TASI: 7,393.39 (-0.13%) (YTD: +2.54%)
ADX: 4,453.01 (+0.14%) (YTD: -2.05%)
DFM: 3,660.48 (+0.79%) (YTD: +3.67%)
KSE Weighted Index: 443.41 (-0.35%) (YTD: +16.66%)
QE: 8,278.76 (-1.15%) (YTD: -20.68%)
MSM: 4,986.83 (-0.22%) (YTD: -13.76%)
BB: 1,298.46 (-0.12%) (YTD: +6.39%)