The Market Yesterday
EGP / USD CBE market average: Buy 17.6385 | Sell 17.7382
EGP / USD at CIB: Buy 17.62 | Sell 17.72
EGP / USD at NBE: Buy 17.61 | Sell 17.71
EGX30 (Thursday): 14,106 (+1.9%)
Turnover: EGP 1.3 bn (30% above the 90-day average)
EGX 30 year-to-date: +14.3%
THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 1.9%. CIB, the index heaviest constituent ended up 0.4%. EGX30’s top performing constituents were: Eastern Co up 7.9%, Porto Group up 5.7%, and Elsewedy Electric up 5.6%. Thursday’s worst performing stocks were: Cairo Oils & Soap down 0.5% and Global Telecom down 0.3%. The market turnover was EGP 1.3 bn, and regional investors were the sole net sellers.
Foreigners: Net Long | EGP +80.2 mn
Regional: Net Short | EGP -182.3 mn
Domestic: Net Long | EGP +102.1 mn
Retail: 35.2% of total trades | 25.5% of buyers | 45.0% of sellers
Institutions: 64.8% of total trades | 74.5% of buyers | 55.0% of sellers
Foreign: 10.7% of total | 12.2% of buyers | 9.3% of sellers
Regional: 7.8% of total | 4.5% of buyers | 11.0% of sellers
Domestic: 81.5% of total | 83.3% of buyers | 79.7% of sellers
WTI: USD 58.95 (+1.60%)
Brent: USD 63.86 (+0.49%)
Natural Gas (Nymex, futures prices) USD 2.81 MMBtu, (-5.22%, December 2017 contract)
Gold: USD 1,291.80 / troy ounce (-0.39%)
TASI: 6,878.21 (+0.82%) (YTD: -4.61%)
ADX: 4,287.07 (+0.31%) (YTD: -5.70%)
DFM: 3,460.93 (+0.46%) (YTD: -1.98%)
KSE Weighted Index: 395.99 (+0.28%) (YTD: +4.18%)
QE: 7,742.46 (-0.72%) (YTD: -25.82%)
MSM: 5,086.35 (+0.16%) (YTD: -12.04%)
BB: 1,276.58 (+0.59%) (YTD: +4.60%)