Back to the complete issue
Sunday, 1 November 2020

The Market Yesterday

Powered by
Pharos Holding -

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%)

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. © 2021 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of Commercial International Bank (tax ID: 204-891-949), the largest private-sector bank in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; and Act Financial (tax ID: 493-924-612), the leading activist investor in Egypt; and Abu Auf (tax ID: 584-628-846), the leading health foodmaker in Egypt and the region.