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Sunday, 1 November 2020

The Market Yesterday

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

EGX30 (Wednesday): 10,515 (-0.4%)
Turnover: EGP 1.2 bn (7% above the 90-day average)
EGX 30 year-to-date: -24.7%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.4%. CIB, the index’s heaviest constituent, ended up 0.6%. EGX30’s top performing constituents were Egyptian Iron & Steel up 7.2%, Export Development Bank up 4.8%, and Dice up 1.6%. Wednesday's worst performing stocks were Heliopolis Housing down 3.2%, Madinet Nasr Housing down 2.9% and Telecom Egypt down 2.9%. The market turnover was EGP 1.2 bn, and foreign investors were the sole net sellers.

Foreigners: Net short | EGP -136.5 mn
Regional: Net long | EGP +22.1 mn
Domestic: Net long | EGP +114.4 mn

Retail: 73.6% of total trades | 73.2% of buyers | 73.9% of sellers
Institutions: 26.4% of total trades | 26.8% of buyers | 26.1% of sellers

WTI: USD 35.79 (-1.05%)
Brent: USD 37.94 (-0.84%)

Natural Gas: (Nymex, futures prices) USD 3.35 MMBtu, (+1.61%, December 2020 contract)
Gold: USD 1,879.90/ troy ounce (+0.64%)

TASI: 7,907 (-2.65%) (YTD: -5.74%)
ADX: 4,660 (-0.49%) (YTD: -8.19%)
DFM: 2,187 (-0.15%) (YTD: -20.87%)
KSE Premier Market: 6,003 (+0.41%)
QE: 9,691 (-1.35%) (YTD: -7.05%)
MSM: 3,557 (+0.06%) (YTD: -10.64%)
BB: 1,427 (-0.02%) (YTD: -11.37%)

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