Egypt-based startup VRapeutic has landed in first place at the SingularityU GIC MENA 2019, Al Mal reported. The startup, which develops therapeutic solutions with a special focus on learning disabilities, was awarded a USD 60k scholarship to take part in the Global Startup Program at Singularity University. Proteinea, an Egyptian startup that provides food security and agriculture services, also took part in the competition.

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EGP / USD CBE market average: Buy 16.52 | Sell 16.65
EGP / USD at CIB: Buy 16.52 | Sell 16.62
EGP / USD at NBE: Buy 16.54 | Sell 16.64

EGX30 (Sunday): 13,460 (-0.4%)
Turnover: EGP 271 mn (55% below the 90-day average)
EGX 30 year-to-date: +3.3%

THE MARKET ON SUNDAY: The EGX30 ended Sunday’s session down 0.4%. CIB, the index heaviest constituent ended down 1.5%. EGX30’s top performing constituents were Heliopolis Housing up 5.5%, and Madinet Nasr Housing up 2.8%, and SODIC up 2.0%. Yesterday’s worst performing stocks were Arabia Investment Holding down 2.1% and CIRA down 1.8%. The market turnover was EGP 271 mn, and local investors were the sole net sellers.

Foreigners: Net Long | EGP +7.8 mn
Regional: Net Long | EGP +10.1 mn
Domestic: Net Short | EGP -17.9 mn

Retail: 63.6% of total trades | 57.8% of buyers | 69.4% of sellers
Institutions: 36.4% of total trades | 42.2% of buyers | 30.6% of sellers

WTI: USD 56.02 (-0.32%)
Brent: USD 63.12 (-0.54%)

Natural Gas (Nymex, futures prices) USD 2.17 MMBtu, (+0.14%, Aug 2019 contract)
Gold: USD 1,432.40 / troy ounce (+0.01%)

TASI: 8,859.32 (+0.46%) (YTD: +13.19%)
ADX: 5,348.50 (-0.73%) (YTD: +8.82%)
DFM: 2,846.07 (-0.16%) (YTD: +12.50%)
KSE Premier Market: 6,746.34 (+0.59%)
QE: 10,573.18 (-0.55%) (YTD: +2.66%)
MSM: 3,745.65 (-0.24%) (YTD: -13.37%)
BB: 1,527.68 (+0.33%) (YTD: +14.24%)