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Wednesday, 28 October 2020

The Market Yesterday

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EGP / USD CBE market average: Buy 15.66 | Sell 15.76
EGP / USD at CIB: Buy 15.65 | Sell 15.75
EGP / USD at NBE: Buy 15.65 | Sell 15.75

EGX30 (Tuesday): 10,560 (+0.5%)
Turnover: EGP 1.5 bn (33% above the 90-day average)
EGX 30 year-to-date: -24.4%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 0.5%. CIB, the index’s heaviest constituent, ended up 0.4%. EGX30’s top performing constituents were Egyptian Iron & Steel up 6.6%, Dice up 5.4%, and Export Development Bank up 3.7%. Yesterday’s worst performing stocks were GB Auto down 1.1%, Ibnsina Pharma down 1.0% and Juhayna down 0.9%. The market turnover was EGP 1.5 bn, and domestic investors were the sole net buyers.

Foreigners: Net Short | EGP -331.8 mn
Regional: Net Short | EGP -33.1 mn
Domestic: Net Long | EGP +364.9 mn

Retail: 55.6% of total trades | 58.2% of buyers | 53.0% of sellers
Institutions: 44.4% of total trades | 41.8% of buyers | 47.0% of sellers

WTI: USD 38.93 (+0.96%)
Brent: USD 40.69 (+0.57%)

Natural Gas: (Nymex, futures prices) USD 3.03 MMBtu (+0.20%, November 2020 contract)
Gold: USD 1,910.00 / troy ounce (+0.23%)

TASI: 8,198.90 (+0.53%) (YTD: -2.27%)
ADX: 4,682.82 (+1.25%) (YTD: -7.74%)
DFM: 2,191.16 (+1.14%) (YTD: -20.75%)
KSE Premier Market: 5,979.24 (-0.95%)
QE: 9,853.16 (+0.47%) (YTD: -5.49%)
MSM: 3,555.68 (-0.23%) (YTD: -10.69%)
BB: 1,427.46 (-0.52%) (YTD: -11.35%)

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