The Market Yesterday
EGP / USD CBE market average: Buy 17.85 | Sell 17.95
EGP / USD at CIB: Buy 17.86 | Sell 17.96
EGP / USD at NBE: Buy 17.78 | Sell 17.88
EGX30 (Thursday): 15,309 (-1.2%)
Turnover: EGP 601 mn (25% below the 90-day average)
EGX 30 year-to-date: +1.9%
THE MARKET ON THURSDAY: The EGX30 index ended Thursday’s session down 1.2%. CIB, the index heaviest constituent ended down 0.7%. EGX30’s top performing constituents were Global Telecom up 0.8%, Emaar Misr up 0.7%, and Qalaa Holding up 0.6%. Thursday’s worst performing stocks were Porto Group down 4.4%, Elsewedy Electric down 3.7%, and Egyptian Iron and Steel down 3.5%. The market turnover was EGP 601 mn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -44.5 mn
Regional: Net Long | EGP +19.6 mn
Domestic: Net Long | EGP +24.9 mn
Retail: 56.8% of total trades | 58.0% of buyers | 55.7% of sellers
Institutions: 43.2% of total trades | 42.0% of buyers | 44.3% of sellers
Foreign: 29.1% of total | 25.4% of buyers | 32.8% of sellers
Regional: 8.6% of total | 10.3% of buyers | 7.0% of sellers
Domestic: 62.3% of total | 64.4% of buyers | 60.2% of sellers
WTI: USD 68.99 (+0.58%)
Brent: USD 78.09 (-0.12%)
Natural Gas (Nymex, futures prices) USD 2.77 MMBtu, (-1.77%, October 2018 contract)
Gold: USD 1,201.10/ troy ounce (-0.59%)
TASI: 7,590.65 (-0.59%) (YTD: +5.04%)
ADX: 4,934.44 (-1.17%) (YTD: +12.19%)
DFM: 2,809.87 (-0.82%) (YTD: -16.62%)
KSE Premier Market: 5,348.79 (+0.36%)
QE: 10,021.96 (+0.32%) (YTD: +17.58%)
MSM: 4,558.51 (+0.62%) (YTD: -10.60%)
BB: 1,345.04 (+0.34%) (YTD: +1.00%)