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EGP / USD CBE market average: Buy 17.84 | Sell 17.94

EGP / USD at CIB: Buy 17.85 | Sell 17.95
EGP / USD at NBE: Buy 17.78 | Sell 17.88

EGX30 (Wednesday): 15,952 (+0.2%)
Turnover: EGP 799 mn (19% below the 90-day average)
EGX 30 year-to-date: +6.2%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.2%. CIB, the index heaviest constituent ended up 0.1%. EGX30’s top performing constituents were Egyptian Iron & Steel up 7.5%, Kima up 5.5%, and Arab Cotton Ginning up 3.3%. Yesterday’s worst performing stocks were SODIC down 2.8%, Heliopolis Housing down 2.7%, and Madinet Nasr Housing down 1.2%. The market turnover was EGP 799 mn, and local investors were the sole net buyers.

Foreigners: Net Short | EGP -75.2 mn
Regional: Net Short | EGP -23.4 mn
Domestic: Net Long| EGP +98.6 mn

Retail: 65.2% of total trades | 66.3% of buyers | 64.1% of sellers
Institutions: 34.8% of total trades | 33.7% of buyers | 35.9% of sellers

Foreign: 15.1% of total | 10.4% of buyers | 19.8% of sellers
Regional: 9.3% of total | 7.8% of buyers | 10.8% of sellers
Domestic: 75.6% of total | 81.8% of buyers | 69.4% of sellers

WTI: USD 70.58 (+0.28%)
Brent: USD 74.37 (+1.32%)

Natural Gas (Nymex, futures prices) USD 2.82 MMBtu, (-0.18%, August 2018 contract)
Gold: USD 1,243.20/ troy ounce (-0.10%)

TASI: 8,388.66 (-0.35%) (YTD: +16.08%)
ADX: 4,691.80 (+0.50%) (YTD: +6.67%)
DFM: 2,892.43 (-0.11%) (YTD: -14.17%)
KSE Premier Market: 5,377.27 (+1.41%)
QE: 9,355.02 (-0.43%) (YTD: +9.76%)
MSM: 4,455.54 (-0.95%) (YTD: -12.62%)
BB: 1,344.89 (+0.76%) (YTD: +0.99%)