The Market Yesterday
EGP / USD CBE market average: Buy 17.5915 | Sell 17.6915
EGP / USD at CIB: Buy 17.58 | Sell 17.68
EGP / USD at NBE: Buy 17.60 | Sell 17.70
EGX30 (Wednesday): 13,816 (-0.1%)
Turnover: EGP 1.4 bn (51% above the 90-day average)
EGX 30 year-to-date: +12.0%
THE MARKET ON WEDNESDAY: The EGX30 closed Wednesday’s session down 0.1%. CIB, the index heaviest constituent closed almost flat. EGX30’s top performing constituents were: Porto Group up 6.3%; EFG Hermes up 2.8% and Abu Dhabi Islamic Bank up 2.7%. Yesterday’s worst performing stocks were: Ezz Steel down 3.4%; Arab Cotton Ginning down 2.2% and Egyptian Financial & Industrial Company down 2.1% down. The market turnover was EGP 1.4 bn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -63 mn
Regional: Net Long | EGP +25.8 mn
Domestic: Net Long | EGP +37.2 mn
Retail: 67.2% of total trades | 70.1% of buyers | 64.3% of sellers
Institutions: 32.8% of total trades | 29.9% of buyers | 35.7% of sellers
Foreign: 18% of total | 15.8% of buyers | 20.2% of sellers
Regional: 8.3% of total | 9.2% of buyers | 7.4% of sellers
Domestic: 73.7% of total | 75% of buyers | 72.4% of sellers
WTI: USD 51.04 (-0.51%)
Brent: USD 56.61 (-0.58%)
Natural Gas (Nymex, futures prices) USD 2.91 MMBtu, (+0.76%, November 2017 contract)
Gold: USD 1,294.90 / troy ounce (+0.47%)
TASI: 6,889.98 (-2.15%) (YTD: -4.44%)
ADX: 4,514.99 (+0.96%) (YTD: -0.69%)
DFM: 3,637.55 (+0.8%) (YTD: +3.02%)
KSE Weighted Index: 431.14 (-0.34%) (YTD: +13.43%)
QE: 8,333.84 (+0.98%) (YTD: -20.15%)
MSM: 5,121.71 (-0.17%) (YTD: -11.43%)
BB: 1,274.9 (+0.25%) (YTD: +4.46%)