The Market Yesterday
EGP / USD CBE market average: Buy 17.6 | Sell 17.7
EGP / USD at CIB: Buy 17.57 | Sell 17.67
EGP / USD at NBE: Buy 17.59 | Sell 17.69
EGX30 (Thursday): 13,847 (-1.3%)
Turnover: EGP 910 mn (8% below the 90-day average)
EGX 30 year-to-date: +12.2%
THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session down 1.3%. CIB, the index heaviest constituent closed down 1.6%. Cairo Oils and Soap was the only stock that closed in positive territory, up 0.4%. Today’s worst performing stocks were: Oriental Weavers down 5.3%; Amer Group down 2.9%; and Arab Cotton Ginning down 2.7%. The market turnover was EGP 910 mn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -103.9 mn
Regional: Net Long | EGP +37.4 mn
Domestic: Net Long | EGP +66.5 mn
Retail: 60.8% of total trades | 65.0% of buyers | 56.7% of sellers
Institutions: 39.2% of total trades | 35.0% of buyers | 43.3% of sellers
Foreign: 18.9% of total | 13.1% of buyers | 24.5% of sellers
Regional: 10.8% of total | 12.9% of buyers | 8.8% of sellers
Domestic: 70.3% of total | 74.0% of buyers | 66.7% of sellers
WTI: USD 56.55 (+2.56%)
Brent: USD 62.72 (+2.22%)
Natural Gas (Nymex, futures prices) USD 3.10 MMBtu, (+1.44%, DEC 2017 contract)
Gold: USD 1,296.5 / troy ounce (+1.43%)
TASI: 6,913.46 (+0.02%) (YTD: -4.12%)
ADX: 4,327.58 (-0.22%) (YTD: -4.81%)
DFM: 3,460.21 (-0.21%) (YTD: -2.00%)
KSE Weighted Index: 402.96 (+0.17%) (YTD: +6.02%)
QE: 7,825.77 (+0.83%) (YTD: -25.02%)
MSM: 5,105.67 (-0.11%) (YTD: -11.71%)
BB: 1,269.90 (+0.38%) (YTD: +4.05%)