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Thursday, 16 July 2020

The Market Yesterday

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EGP / USD CBE market average: Buy 15.91 | Sell 16.01
EGP / USD at CIB: Buy 15.92 | Sell 16.02
EGP / USD at NBE: Buy 15.89 | Sell 15.99

EGX30 (Wednesday): 10,617 (-2.4%)
Turnover: EGP 1.5 bn (66% above the 90-day average)
EGX 30 year-to-date: -24.0%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 2.4%. CIB, the index’s heaviest constituent, ended down 1.9%. The EGX30’s top performing constituent was Dice up 0.7%. Yesterday’s worst performing stocks were Egyptian Resorts down 7.7%, Porto Group down 7.1% and AMOC down 7.1%. The market turnover was EGP 1.5 bn, and regional investors were the sole net buyers.

Foreigners: Net short | EGP -6.2 mn
Regional: Net long | EGP +62.0 mn
Domestic: Net short | EGP -55.8 mn

Retail: 74.9% of total trades | 69.3% of buyers | 80.6% of sellers
Institutions: 25.1% of total trades | 30.7% of buyers | 19.4% of sellers

WTI: USD 40.99 (+1.74%)
Brent: USD 43.63 (+1.70%)

Natural Gas: (Nymex, futures prices) USD 1.78 MMBtu, (+2.18%, August 2020 contract)
Gold: USD 1,812.90 / troy ounce (-0.03%)

TASI: 7,418 (+0.51%) (YTD: -11.58%)
ADX: 4,221 (-1.56%) (YTD: -16.84%)
DFM: 2,048 (-0.22%) (YTD: -25.92%)
KSE Premier Market: 5,553 (+0.02%)
QE: 9,394 (+0.81%) (YTD: -9.89%)
MSM: 3,461 (-1.22%) (YTD: -13.06%)
BB: 1,304 (-0.25%) (YTD: -19.00%)

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