The Market Yesterday
EGP / USD CBE market average: Buy 17.5881 | Sell 17.6861
EGP / USD at CIB: Buy 17.58 | Sell 17.68
EGP / USD at NBE: Buy 17.55 | Sell 17.65
EGX30 (Tuesday): 17,270 (+1.0%)
Turnover: EGP 2.3 bn (99% ABOVE the 90-day average)
EGX 30 year-to-date: +15.0%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 1.0%. CIB, the index heaviest constituent ended up 0.4%. EGX30’s top performing constituents were Qalaa Holding up 8.4%, Orascom Telecom Media & Technology up 6.8%, and Egyptian Resorts up 6.4%. Yesterday’s worst performing stocks AMOC down 1.2%, Abu Dhabi Islamic Bank down 1.4%, and Kima down 1.0%. The market turnover was EGP 2.3 bn, and regional investors were the sole net sellers.
Foreigners: Net Long | EGP +13.2 mn
Regional: Net Short | EGP -24.1 mn
Domestic: Net Long | EGP +10.9 mn
Retail: 63.5% of total trades | 62.6% of buyers | 64.4% of sellers
Institutions: 36.5% of total trades | 37.4% of buyers | 35.6% of sellers
Foreign: 18.4% of total | 18.7% of buyers | 18.1% of sellers
Regional: 12.3% of total | 11.8% of buyers | 12.9% of sellers
Domestic: 69.3% of total | 69.5% of buyers | 69.0% of sellers
WTI: USD 64.66 (-1.36%)
Brent: USD 69.61 (-0.73%)
Natural Gas (Nymex, futures prices) USD 2.69 MMBtu, (+2.79%, April 2018 contract)
Gold: USD 1,347.90 / troy ounce (-0.96%)
TASI: 7,942.54 (+1.08%) (YTD: +9.91%)
ADX: 4,611.75 (-0.84%) (YTD: +4.85%)
DFM: 3,092.85 (-0.35%) (YTD: -8.23%)
KSE Weighted Index: 406.52 (-1.05%) (YTD: +1.27%)
QE: 8,693.98 (-0.21%) (YTD: +2.00%)
MSM: 4,759.29 (+0.02%) (YTD: -6.67%)
BB: 1,327.33 (+0.13%) (YTD: -0.33%)