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Tuesday, 3 November 2020

The Market Yesterday

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

EGX30 (Monday): 10,429 (-0.3%)
Turnover: EGP 1.3 bn (16% above the 90-day average)
EGX 30 year-to-date: -25.3%

THE MARKET ON MONDAY: The EGX30 ended Monday’s session down 0.3%. CIB, the index’s heaviest constituent, ended up 0.7%. EGX30’s top performing constituents were Export Development Bank up 4.2%, Sidi Kerir Petrochemicals up 1.2%, and Juhayna up 1.1%. Yesterday’s worst performing stocks were Dice down 7.4%, Egyptian Iron & Steel down 6.2% and Orascom Investment Holding down 4.7%. The market turnover was EGP 1.3 bn, and foreign investors were the sole net sellers.

Foreigners: Net short | EGP -42.3 mn
Regional: Net long | EGP +9.5 mn
Domestic: Net long | EGP +32.7 mn

Retail: 70.8% of total trades | 69.9% of buyers | 71.7% of sellers
Institutions: 29.2% of total trades | 30.1% of buyers | 28.3% of sellers

WTI: USD 37.09 (+3.63%)
Brent: USD 39.18 (+3.27%)

Natural Gas: (Nymex, futures prices) USD 3.24 MMBtu, (-3.52%, December 2020 contract)
Gold: USD 1,896.50 / troy ounce (+0.88%)

TASI: 8,021 (+1.99%) (YTD: -4.39%)
ADX: 4,637 (+0.07%) (YTD: -8.63%)
DFM: 2,165 (+0.60%) (YTD: -21.68%)
KSE Premier Market: 5,903 (+0.40%)
QE: 9,639 (-0.01%) (YTD: -7.54%)
MSM: 3,547 (-0.13%) (YTD: -10.88%)
BB: 1,426 (+0.01%) (YTD: -11.42%)

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