The Market Yesterday
EGP / USD CBE market average: Buy 17.65 | Sell 17.75
EGP / USD at CIB: Buy 17.63 | Sell 17.73
EGP / USD at NBE: Buy 17.57 | Sell 17.67
EGX30 (Thursday): 18,363 (+1.3%)
Turnover: EGP 1.9 bn (64% ABOVE the 90-day average)
EGX 30 year-to-date: +22.3%
THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 1.3%. CIB, the index heaviest constituent ended up 2.8%. EGX30’s top performing constituents were Elsewedy Electric up 7.0%, Abu Dhabi Islamic Bank up 6.2%, and Egyptian Iron and Steel up 4.5%. Thursday’s worst performing stocks were Global Telecom down 3.5%, Kima down 2.1%, and GB Auto down 1.0%. The market turnover was EGP 1.9 bn, and local investors were the sole net sellers.
Foreigners: Net Long | EGP +760.3 mn
Regional: Net Long | EGP +189.1 mn
Domestic: Net Short | EGP -949.4 mn
Retail: 54.9% of total trades | 43.5% of buyers | 66.3% of sellers
Institutions: 45.1% of total trades | 56.5% of buyers | 33.7% of sellers
Foreign: 29.2% of total | 39.7% of buyers | 18.7% of sellers
Regional: 12.7% of total | 15.4% of buyers | 10.1% of sellers
Domestic: 58.0% of total | 44.9% of buyers | 71.1% of sellers
WTI: USD 68.10 (-0.13%)
Brent: USD 74.64 (-0.13%)
Natural Gas (Nymex, futures prices) USD 2.77 MMBtu, (-2.40%, June 2018 contract)
Gold: USD 1,323.40 / troy ounce (+0.42%)
TASI: 8,248.47 (+0.19%) (YTD: +14.14%)
ADX: 4,697.23 (+0.56%) (YTD: +6.79%)
DFM: 3,042.82 (+0.55%) (YTD: -9.71%)
KSE Premier Market: 4,810.39 (-0.25%)
QE: 9,088.01 (-0.27%) (YTD: +6.62%)
MSM: 4,722.46 (-0.39%) (YTD: -7.39%)
BB: 1,263.08 (-0.48%) (YTD: -5.15%)