The Market Yesterday
EGP / USD CBE market average: Buy 16.38 | Sell 16.51
EGP / USD at CIB: Buy 16.39 | Sell 16.49
EGP / USD at NBE: Buy 16.41 | Sell 16.51
EGX30 (Tuesday): 14,956 (+0.5%)
Turnover: EGP 711 mn (16% above the 90-day average)
EGX 30 year-to-date: +14.7%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 0.5%. CIB, the index’s heaviest constituent, ended down 0.5%. EGX30’s top performing constituents were Orascom Construction up 3.9%, CIRA up 3.5%, and Abu Dhabi Islamic Bank up 3.1%. Yesterday’s worst performing stocks were Ezz Steel down 0.9%, Ibn Sina Pharma down 0.8% and Qalaa Holdings down 0.7%. The market turnover was EGP 711 mn, and regional investors were the sole net buyers.
Foreigners: Net Short | EGP -20.1 mn
Regional: Net Long | EGP +33.6 mn
Domestic: Net Short | EGP -13.5 mn
Retail: 57.9% of total trades | 56.7% of buyers | 59.1% of sellers
Institutions: 42.1% of total trades | 43.3% of buyers | 40.9% of sellers
WTI: USD 57.72 (+0.56%)
Brent: USD 62.65 (+0.43%)
Natural Gas (Nymex, futures prices) USD 2.59 MMBtu, (+0.19%, October 2019 contract)
Gold: USD 1,500.10 / troy ounce (+0.60%)
TASI: 7,965.13 (-1.12%) (YTD: +1.77%)
ADX: 5,095.75 (+0.39%) (YTD: +3.68%)
DFM: 2,892.27 (+0.44%) (YTD: +14.33%)
KSE Premier Market: 6,424.07 (+0.14%)
QE: 10,375.67 (+0.65%) (YTD: +0.74%)
MSM: 3,997.88 (+0.31%) (YTD: -7.54%)
BB: 1,548.78 (-0.15%) (YTD: +15.82%)