The Market Yesterday
EGP / USD CBE market average: Buy 16.53 | Sell 16.66
EGP / USD at CIB: Buy 16.55 | Sell 16.65
EGP / USD at NBE: Buy 16.52 | Sell 16.62
EGX30 (Thursday): 14,333 (-0.2%)
Turnover: EGP 666 mn (12% above the 90-day average)
EGX 30 year-to-date: +10.0%
THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session down 0.2%. CIB, the index’s heaviest constituent, down 0.2%. EGX30’s top performing constituents were ADIB up 3.9%, Egyptian Resorts up 3.2%, and Madinet Nasr Housing up 1.5%. Thursday’s worst performing stocks were Egypt Kuwait Holding down 1.4%, Emaar Misr down 1.3%, and Orascom Development Holding down 1.1%. The market turnover was EGP 666 mn, and local investors were the sole net buyers.
Foreigners: Net short | EGP -23.3 mn
Regional: Net short | EGP -21.6 mn
Domestic: Net long | EGP +45.0 mn
Retail: 62.0% of total trades | 64.5% of buyers | 59.4% of sellers
Institutions: 38.0% of total trades | 35.5% of buyers | 40.6% of sellers
WTI: USD 54.17 (-2.13%)
Brent: USD 59.34 (-0.97%)
Natural Gas (Nymex, futures prices) USD 2.15 MMBtu, (-0.32%, September 2019 contract)
Gold: USD 1,537.60 / troy ounce (+1.93%)
TASI: 8,445.66 (-0.74%) (YTD: +7.91%)
ADX: 5,038.99 (-0.03%) (YTD: +2.52%)
DFM: 2,768.85 (-0.79%) (YTD: +9.45%)
KSE Premier Market: 6,610.18 (-0.01%)
QE: 9,918.60 (+0.42%) (YTD: -3.69%)
MSM: 3,987.65 (+1.48%) (YTD: -7.77%)
BB: 1,533.60 (+0.09%) (YTD: +14.68%)