The Market Yesterday
EGP / USD CBE market average: Buy 17.6129 | Sell 17.7129
EGP / USD at CIB: Buy 17.61 | Sell 17.71
EGP / USD at NBE: Buy 17.61 | Sell 17.71
EGX30 (Wednesday): 13,741 (+0.3%)
Turnover: EGP 1.3 bn (47% above the 90-day average)
EGX 30 year-to-date: +11.3%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.3%. CIB, the index heaviest constituent ended down 0.4%. EGX30’s top performing constituents were: Porto Group up 4.4%, Abu Dhabi Islamic Bank up 4.3%, and Egyptian Resorts up 3.0%. Yesterday’s worst performing stocks were: Egyptian Financial and Industrial down 2.3%, Egyptian Iron and Steel down 1.8%, and Arab Cotton Ginning down 1.7%. The market turnover was EGP 1.3 bn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -43.4 mn
Regional: Net Long | EGP +20.2 mn
Domestic: Net Long | EGP +23.2 mn
Retail: 63.7% of total trades | 61.3% of buyers | 66.0% of sellers
Institutions: 36.3% of total trades | 38.7% of buyers | 34.0% of sellers
Foreign: 18.2% of total | 16.4% of buyers | 19.8% of sellers
Regional: 10.2% of total | 11.0% of buyers | 9.5% of sellers
Domestic: 71.6% of total | 72.6% of buyers | 70.7% of sellers
WTI: USD 52.03 (+0.29%)
Brent: USD 57.72 (-1.23%)
Natural Gas (Nymex, futures prices) USD 2.97 MMBtu, (+1.92%, October 2017 contract)
Gold: USD 1,285.7 / troy ounce (-1.23%)
TASI: 7,233.31 (-0.09%) (YTD: 0.32%)
ADX: 4,407.00 (-0.15%) (YTD: -3.07%)
DFM: 3,561.73 (+0.02%) (YTD: 0.87%)
KSE Weighted Index: 432.9 (+0.74%) (YTD: 13.89%)
QE: 8,421.2 (-1.73%) (YTD: -19.31%)
MSM: 5,138.97 (+0.49%) (YTD: -11.13%)
BB: 1,283.78 (-0.56%) (YTD: +5.19%)