The Market Yesterday
EGP / USD CBE market average: Buy 17.6092 | Sell 17.7092
EGP / USD at CIB: Buy 17.56 | Sell 17.66
EGP / USD at NBE: Buy 17.58 | Sell 17.68
EGX30 (Thursday): 14,921 (-0.8%)
Turnover: EGP 1.1 bn (2% BELOW the 90-day average)
EGX 30 year-to-date: -0.7%
THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session down 0.8%. CIB, the index heaviest constituent closed down 1.0%. EGX30’s top performing constituents were GB Auto up 7.5%; EFG Hermes up 1.3%; and Egyptian Iron and Steel up 1.1%. Thursday’s worst performing stocks were Abu Dhabi Islamic Bank down 3.6%; Abu Qir Fertilizers down 3.0%; and Porto Group down 2.9%. The market turnover was EGP 1.1 bn, and local investors were the sole net sellers.
Foreigners: Net Long | EGP +29.8 mn
Regional: Net Long | EGP +49.7 mn
Domestic: Net Short | EGP -79.5 mn
Retail: 48.8% of total trades | 46.0% of buyers | 51.6% of sellers
Institutions: 51.2% of total trades | 54.0% of buyers | 48.4% of sellers
Foreign: 25.4% of total | 26.8% of buyers | 24.0% of sellers
Regional: 10.4% of total | 12.7% of buyers | 8.1% of sellers
Domestic: 64.2% of total | 60.5% of buyers | 67.9% of sellers
WTI: USD 59.2 (-3.19%)
Brent: USD 62.79 (-3.12%)
Natural Gas (Nymex, futures prices) USD 2.58 MMBtu, (-4.19%, March 2018 contract)
Gold: USD 1,315.7 / troy ounce (-0.25%)
TASI: 7,403.15 (-0.19%) (YTD: +2.45%)
ADX: 4,599.47 (+0.08%) (YTD: +4.57%)
DFM: 3,325.62 (-0.85%) (YTD: -1.32%)
KSE Weighted Index: 410.3 (+0.2%) (YTD: +2.21%)
QE: 8,893.27 (+0.06%) (YTD: +4.34%)
MSM: 5,006.62 (+0.7%) (YTD: -1.82%)
BB: 1,333.02 (-0.25%) (YTD: +0.1%)