The Market Yesterday
EGP / USD CBE market average: Buy 17.64 | Sell 17.74
EGP / USD at CIB: Buy 17.65 | Sell 17.75
EGP / USD at NBE: Buy 17.57 | Sell 17.67
EGX30 (Tuesday): 17,802 (+1.0%)
Turnover: EGP 1.4 bn (22% ABOVE the 90-day average)
EGX 30 year-to-date: +18.5%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 1.0%. CIB, the index heaviest constituent ended up 1.1%. EGX30’s top performing constituents were Kima up 5.5%, Abu Dhabi Islamic Bank up 5.2%, and GB Auto up 4.7%. Yesterday’s worst performing stocks were Palm Hills down 0.4%, Elsewedy Electric down 0.3%, and Eastern Co down 0.2%. The market turnover was EGP 1.4 bn, and regional investors were the sole net buyers.
Foreigners: Net Short | EGP -35.2 mn
Regional: Net Long | EGP +95.7 mn
Domestic: Net Short | EGP -60.5 mn
Retail: 67.3% of total trades | 66.2% of buyers | 68.5% of sellers
Institutions: 32.7% of total trades | 33.8% of buyers | 31.5% of sellers
Foreign: 15.8% of total | 14.5% of buyers | 17.1% of sellers
Regional: 16.0% of total | 19.4% of buyers | 12.6% of sellers
Domestic: 68.2% of total | 66.0% of buyers | 70.3% of sellers
WTI: USD 66.85 (+0.50%)
Brent: USD 71.91 (+0.46%)
Natural Gas (Nymex, futures prices) USD 2.75 MMBtu, (+0.29%, May 2018 contract)
Gold: USD 1,347.80 / troy ounce (-0.13%)
TASI: 8,096.40 (+0.57%) (YTD: +12.04%)
ADX: 4,706.76 (+0.52%) (YTD: +7.01%)
DFM: 3,131.33 (-0.29%) (YTD: -7.08%)
KSE Weighted Index: 415.78 (+1.52%) (YTD: +3.58%)
QE: 8,958.00 (+0.03%) (YTD: +5.10%)
MSM: 4,769.42 (+0.05%) (YTD: -6.47%)
BB: 1,301.98 (+0.19%) (YTD: -2.23%)