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Thursday, 29 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 16.50 | Sell 16.60
EGP / USD at NBE: Buy 16.50 | Sell 16.60

EGX30 (Wednesday): 14,596 (+2.2%)
Turnover: EGP 996 mn (65% above the 90-day average)
EGX 30 year-to-date: +12.0%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 2.2%. CIB, the index’s heaviest constituent, ended up 3.4%. EGX30’s top performing constituents were Abu Dhabi Islamic Bank up 5.1%, EFG Hermes up 3.9%, and Heliopolis Housing up 3.6%. Yesterday’s worst performing stocks were Cleopatra Hospital down 2.0%, Egyptian Iron & Steel down 1.0% and Ibnsina Pharma down 0.7%. The market turnover was EGP 996 mn, and local investors were the sole net sellers.

Foreigners: Net long | EGP +3.3 mn
Regional: Net long | EGP +60.6 mn
Domestic: Net short | EGP -63.9 mn

Retail: 55.0% of total trades | 51.0% of buyers | 59.0% of sellers
Institutions: 45.0% of total trades | 49.0% of buyers | 41.0% of sellers

WTI: USD 55.87 (+0.16%)
Brent: USD 60.49 (+1.65%)

Natural Gas (Nymex, futures prices) USD 2.25 MMBtu, (+2.23%, October 2019 contract)
Gold: USD 1,547.30/ troy ounce (-0.12%)

TASI: 8,171.17 (-1.38%) (YTD: +4.40%)
ADX: 5,128.56 (-0.04%) (YTD: +4.34%)
DFM: 2,757.80 (+0.24%) (YTD: +9.01%)
KSE Premier Market: 6,542.33 (+0.23%)
QE: 10,025.47 (-0.04%) (YTD: -2.66%)
MSM: 3,972.56 (+0.46%) (YTD: -8.12%)
BB: 1,534.43 (-0.17%) (YTD: +14.74%)

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. © 2022 Enterprise Ventures LLC.

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