The Market Yesterday
EGP / USD CBE market average: Buy 16.49 | Sell 16.62
EGP / USD at CIB: Buy 16.49 | Sell 16.59
EGP / USD at NBE: Buy 16.51 | Sell 16.61
EGX30 (Tuesday): 13,656 (+0.4%)
Turnover: EGP 2.2 bn (275% above the 90-day average)
EGX 30 year-to-date: +4.8%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 4.8%. CIB, the index’s heaviest constituent, was unchanged. EGX30’s top performing constituents were Ezz Steel up 4.7%, Sidi Kerir Petrochemicals up 4.2%, and Ibnsina Pharma up 3.3%. Yesterday’s worst performing stocks were Orascom Development Egypt down 3.1%, Orascom Investment Holding 2.2% and Elsewedy Electric 1.6%. The market turnover was EGP 2.2 bn, and foreign investors were the sole net sellers.
Foreigners: Net short | EGP -990.7 mn
Regional: Net long | EGP +110.0 mn
Domestic: Net long | EGP +880.7 mn
Retail: 15.8% of total trades | 20.3% of buyers | 11.2% of sellers
Institutions: 84.2% of total trades | 79.7% of buyers | 88.8% of sellers
WTI: USD 53.51 (-0.22%)
Brent: USD 58.82 (-0.20%)
Natural Gas (Nymex, futures prices) USD 2.10 MMBtu, (-0.43%, September 2019 contract)
Gold: USD 1,491.30/ troy ounce (+0.48%)
TASI: 8,394.07 (-0.84%) (YTD: +7.25%)
ADX: 5,080.97 (-0.04%) (YTD: +3.38%)
DFM: 2,796.98 (-0.10%) (YTD: +10.56%)
KSE Premier Market: 6,706.89 (-0.3%)
QE: 9,777.47 (-1.49%) (YTD: -5.06%)
MSM: 3,803.25 (+0.38%) (YTD: -12.04%)
BB: 1,545.20 (+0.04%) (YTD: +15.55%)