The Market Yesterday
EGP / USD CBE market average: Buy 17.82 | Sell 17.92
EGP / USD at CIB: Buy 17.83 | Sell 17.93
EGP / USD at NBE: Buy 17.78 | Sell 17.88
EGX30 (Thursday): 15,924 (+0.4%)
Turnover: EGP 760 mn (13% below the 90-day average)
EGX 30 year-to-date: +6.0%
THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 0.4%. CIB, the index heaviest constituent ended up 0.1%. EGX30’s top performing constituents were Porto Group up 4.6%, TMG Holding up 3.0%, and Arab Cotton Ginning up 2.5%. Thursday’s worst performing stocks were Palm Hills down 3.4%, Abu Qir Fertilizers down 2.9%, and QNB AlAhli down 2.1%. The market turnover was EGP 760 mn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -42.4 mn
Regional: Net Long | EGP +10.2 mn
Domestic: Net Long | EGP +32.1 mn
Retail: 65.0% of total trades | 66.9% of buyers | 63.1% of sellers
Institutions: 35.0% of total trades | 33.1% of buyers | 36.9% of sellers
Foreign: 13.7% of total | 11.0% of buyers | 16.5% of sellers
Regional: 5.2% of total | 5.8% of buyers | 4.5% of sellers
Domestic: 81.1% of total | 83.2% of buyers | 79.1% of sellers
WTI: USD 67.63 (+1.23%)
Brent: USD 72.81 (+1.03%)
Natural Gas (Nymex, futures prices) USD 2.94 MMBtu, (-0.37%, September 2018 contract)
Gold: USD 1,219.00 / troy ounce (-0.07%)
TASI: 8,176.18 (-0.42%) (YTD: +13.14%)
ADX: 4,872.03 (-1.09%) (YTD: +10.77%)
DFM: 2,920.11 (-0.97%) (YTD: -13.35%)
KSE Premier Market: 5,455.85 (-0.19%)
QE: 9,886.86 (-0.75%) (YTD: +16.00%)
MSM: 4,431.21 (-0.10%) (YTD: -13.10%)
BB: 1,349.61 (+0.26%) (YTD: +1.34%)