The Market Yesterday
EGP / USD CBE market average: Buy 17.5950 | Sell 17.6944
EGP / USD at CIB: Buy 17.58 | Sell 17.68
EGP / USD at NBE: Buy 17.55 | Sell 17.65
EGX30 (Thursday): 17,450 (+0.8%)
Turnover: EGP 2.5 bn (116% ABOVE the 90-day average)
EGX 30 year-to-date: +16.2%
THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 0.8%. CIB, the index heaviest constituent ended up 0.3%. EGX30’s top performing constituents were Pioneers Holding up 7.8%, ACC up 7.8%, and Palm Hills up 6.7%. Thursday’s worst performing stocks Juhayna down 4.2%, Qalaa Holdings down 2.4%, and Egyptian Resorts down 1.2%. The market turnover was EGP 2.5 bn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +56.8 mn
Regional: Net Short | EGP -50.4 mn
Domestic: Net Short | EGP -6.4 mn
Retail: 65.9% of total trades | 68.8% of buyers | 63.0% of sellers
Institutions: 34.1% of total trades | 31.2% of buyers | 37.0% of sellers
Foreign: 13.7% of total | 14.9% of buyers | 12.6% of sellers
Regional: 15.1% of total | 14.1% of buyers | 16.1% of sellers
Domestic: 71.2% of total | 71.0% of buyers | 71.3% of sellers
WTI: USD 64.94 (+0.87%)
Brent: USD 69.34 (+0.84%)
Natural Gas (Nymex, futures prices) USD 2.73 MMBtu, (+1.30%, May 2018 contract)
Gold: USD 1,327.30 / troy ounce (-0.20%)
TASI: 7,870.87 (-0.37%) (YTD: +8.92%)
ADX: 4,585.40 (+0.76%) (YTD: +4.52%)
DFM: 3,108.53 (+0.58%) (YTD: -7.76%)
KSE Weighted Index: 415.78 (+1.52%) (YTD: +3.58%)
QE: 8,573.99 (+0.24%) (YTD: +0.59%)
MSM: 4,773.51 (-0.01%) (YTD: -6.39%)
BB: 1,318.39 (+0.25%) (YTD: -1.00%)