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EGP / USD CBE market average: Buy 17.76 | Sell 17.86
EGP / USD at CIB: Buy 17.75 | Sell 17.85
EGP / USD at NBE: Buy 17.69 | Sell 17.79

EGX30 (Tuesday): 14,590 (+1.1%)
Turnover: EGP 1.6 bn (53% above the 90-day average)
EGX 30 year-to-date: +18.2%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 1.1%. CIB, the index heaviest constituent closed up 1.4%. EGX30’s top performing constituents were Heliopolis Housing up 5.7%; SODIC up 4.4%; and Pioneers Holding up 2.1%. Yesterday’s worst performing stocks were Egyptian Resorts down 1.9%; Arab Cotton Ginning down 1.2%; and Global Telecom down 0.3%. The market turnover was EGP 1.6 bn, and foreign investors were the sole net buyers.

Foreigners: Net Long | EGP +153.5 mn
Regional: Net Short | EGP -95.5 mn
Domestic: Net Short | EGP -58.0 mn

Retail: 58.7% of total trades | 51.7% of buyers | 65.8% of sellers
Institutions: 41.3% of total trades | 48.3% of buyers | 34.2% of sellers

Foreign: 20.0% of total | 24.8% of buyers | 15.2% of sellers
Regional: 14.5% of total | 11.5% of buyers | 17.5% of sellers
Domestic: 65.6% of total | 63.7% of buyers | 67.4% of sellers

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PHAROS VIEW

Egypt’s Universal Healthcare Act — A Primer: Pharos Holding gives an overview on the c.EGP 600 bn Universal Healthcare Act, the government’s health coverage plan for the country. The report will address some of the key elements of the law, namely: what is the act and what it hopes to achieve; a breakdown of the three new regulators which will administer the plan; costs and funding planned; why is the act positive for the healthcare sector in Egypt; as well as providing some trading multiples for pharma companies and hospitals. You can read the full report here (pdf).

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WTI: USD 57.21 (-1.35%)
Brent: USD 63.54 (-1.78%)
Natural Gas (Nymex, futures prices) USD 2.69 MMBtu, (-4.88%, January 2018 contract)
Gold: USD 1,245.6 / troy ounce (-0.1%)

TASI: 7,123.06 (+0.32%) (YTD: -1.21%)
ADX: 4,381.8 (+0.59%) (YTD: -3.62%)
DFM: 3,453.99 (+1.17%) (YTD: -2.18%)
KSE Weighted Index: 394.14 (+0.95%) (YTD: +3.7%)
QE: 8,033.28 (+1.39%) (YTD: -23.03%)
MSM: 5,050.54 (+0.19%) (YTD: -12.66%)
BB: 1,264.13 (-0.08%) (YTD: +3.58%)