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Sunday, 4 August 2019

The Market Yesterday

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Pharos Holding - http://www.pharosholding.com/

EGP / USD CBE market average: Buy 16.49 | Sell 16.61
EGP / USD at CIB:
Buy 16.5 | Sell 16.6
EGP / USD at NBE: Buy 16.53 | Sell 16.63

EGX30 (Thursday): 13,525 (+1.00%)
Turnover: EGP 502 mn (15% below the 90-day average)
EGX 30 year-to-date: +3.8%

THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 1%. CIB, the index heaviest constituent ended up 0.9%. EGX30’s top performing constituents were Abu Dhabi Islamic Bank up 8.6%, TMG Holding up 5.0%, and Orascom Construction up 5.0%. Thursday’s worst performing stocks were Qalaa Holdings down 8.6%, and Juhayna down 2.0%. The market turnover was EGP 502 mn, and foreign investors were the sole net buyers.

Foreigners: Net long | EGP +25.4 mn
Regional: Net short | EGP -2.7 mn
Domestic: Net short | EGP -22.7 mn

Retail: 50.1% of total trades | 58.6% of buyers | 41.6% of sellers
Institutions: 49.9% of total trades | 41.4% of buyers | 58.4% of sellers

WTI: USD 55.66 (+3.17%)
Brent: USD 61.89 (+2.30%)

Natural Gas (Nymex, futures prices) USD 2.12 MMBtu, (-3.68%, September 2019 contract)
Gold: USD 1,457.50 / troy ounce (+1.75%)

TASI: 8,666.39 (-0.76%) (YTD: +10.73%)
ADX: 5,230.22 (-1.65%) (YTD: +6.41%)
DFM: 2,900.39 (-0.62%) (YTD: +14.65%)
KSE Premier Market: 6,753.55 (+0.14%)
QE: 10,397.63 (-1.02%) (YTD: +0.96%)
MSM: 3,776.83 (+0.43%) (YTD: -12.65%)
BB: 1,549.58 (+0.12%) (YTD: +15.88%)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2020 Enterprise Ventures LLC.