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): 13,283 (-2.5%)
Turnover: EGP 864 mn (21% above the 90-day average)
EGX 30 year-to-date: -11.6%
THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session down 2.5%. CIB, the index heaviest constituent ended down 1.7%. EGX30’s top performing constituents were Egypt Aluminum up 3.4%, Ibnsina Pharma up 2.1% and QNB Alahli ended flat. Thursday’s worst performing stocks were Global Telecom down 10.1%, Elsewedy Electric down 5.7%, and Egyptian Iron & Steel down 5.3%. The market turnover was EGP 864 mn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -1,492.4 mn
Regional: Net Long | EGP +524.4 mn
Domestic: Net Long | EGP +967.9 mn
Retail: 27.6% of total trades | 39.0% of buyers | 16.2% of sellers
Institutions: 72.4% of total trades | 61.0% of buyers | 83.8% of sellers
Foreign: 52.5% of total | 27.9% of buyers | 77.0% of sellers
Regional: 11.3% of total | 19.9% of buyers | 2.6% of sellers
Domestic: 36.2% of total | 52.2% of buyers | 20.4% of sellers
WTI: USD 71.34 (+0.52%)
Brent: USD 80.43 (+0.21%)
Natural Gas (Nymex, futures prices) USD 3.16 MMBtu, (-1.89%, November 2018 contract)
Gold: USD 1,222.00/ troy ounce (-0.46%)
TASI: 7,530.80 (-3.88%) (YTD: +4.21%)
ADX: 4,967.77 (-0.93%) (YTD: +12.94%)
DFM: 2,755.32 (-1.97%) (YTD: -18.24%)
KSE Premier Market: 5,257.16 (-0.6%)
QE: 9,861.53 (-1.03%) (YTD: +15.70%)
MSM: 4,489.76 (-0.42%) (YTD: -11.95%)
BB: 1,316.03 (-0.36%) (YTD: -1.18%)