The Market Yesterday
EGP / USD CBE market average: Buy 17.82 | Sell 17.92
EGP / USD at CIB: Buy 17.81 | Sell 17.91
EGP / USD at NBE: Buy 17.78 | Sell 17.88
EGX30 (Thursday): 16,346 (+1.3%)
Turnover: EGP 740 mn (30% BELOW the 90-day average)
EGX 30 year-to-date: +8.8%
THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 1.3%. CIB, the index heaviest constituent ended up 1.7%. EGX30’s top performing constituents were Arab Cotton Ginning up 4.7%, Egyptian Iron & Steel up 4.0% and Kima up 3.6%. Thursday’s worst performing stocks were TMG Holding down 0.4%, Orascom Construction down 0.2%, and Amer Group flat. The market turnover was EGP 740 mn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +64.4 mn
Regional: Net Short | EGP -3.2 mn
Domestic: Net Short | EGP -61.2 mn
Retail: 68.4% of total trades | 67.4% of buyers | 69.4% of sellers
Institutions: 31.6% of total trades | 32.6% of buyers | 30.6% of sellers
Foreign: 21.5% of total | 25.8% of buyers | 17.1% of sellers
Regional: 6.4% of total | 6.2% of buyers | 6.6% of sellers
Domestic: 72.1% of total | 68.0% of buyers | 76.2% of sellers
WTI: USD 68.58 (+4.64%)
Brent: USD 75.55 (+3.42%)
Natural Gas (Nymex, futures prices) USD 2.95 MMBtu, (-1.01%, July 2018 contract)
Gold: USD 1,270.70 / troy ounce (+0.02%)
TASI: 8,206.40 (+0.49%) (YTD: +13.56%)
ADX: 4,535.26 (-0.33%) (YTD: +3.11%)
DFM: 2,928.17 (+0.19%) (YTD: -13.11%)
KSE Premier Market: 4,803.52 (-0.24%)
QE: 8,922.52 (+0.46%) (YTD: +4.68%)
MSM: 4,609.87 (+0.36%) (YTD: -9.60%)
BB: 1,309.49 (+0.64%) (YTD: -1.67%)