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Thursday, 19 November 2020

The Market Yesterday

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EGP / USD CBE market average: Buy 15.57 | Sell 15.67
EGP / USD at CIB: Buy 15.57 | Sell 15.67
EGP / USD at NBE: Buy 15.59 | Sell 15.69

EGX30 (Wednesday): 10,990 (-0.7%)
Turnover: EGP 1.8 bn (59% above the 90-day average)
EGX 30 year-to-date: -21.3%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.7%. CIB, the index’s heaviest constituent, ended down 0.4%. EGX30’s top performing constituents were Edita up 1.9%, Telecom Egypt up 0.6%, and Orascom Investment Holding up 0.4%. Yesterday’s worst performing stocks were GB Auto down 3.0%, Egyptian Iron and Steel down 2.7% and Orascom Development Egypt down 2.6%. The market turnover was EGP 1.8 bn, and foreign investors were the sole net sellers.

Foreigners: Net short | EGP -112.3 mn
Regional: Net long | EGP +12.4 mn
Domestic: Net long | EGP +99.9 mn

Retail: 74.7% of total trades | 74.6% of buyers | 74.9% of sellers
Institutions: 25.3% of total trades | 25.4% of buyers | 25.1% of sellers

WTI: USD 41.82 (+0.94%)
Brent: USD 44.15 (+0.91%)

Natural Gas: (Nymex, futures prices) USD 2.71 MMBtu, (+0.74%, December 2020 contract)
Gold: USD 1,873.90 / troy ounce (-0.59%)

TASI: 8,621 (+0.57%) (YTD: +2.76%)
ADX: 4,952 (-0.16%) (YTD: -2.43%)
DFM: 2,323 (+0.29%) (YTD: -15.95%)
KSE Premier Market: 6,063 (+0.26%)
QE: 10,248 (+0.36%) (YTD: -1.70%)
MSM: 3,624 (-0.46%) (YTD: -8.97%)
BB: 1,444 (-0.17%) (YTD: -10.26%)

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