EGP / USD CBE market average: Buy 17.62 | Sell 17.72

EGP / USD at CIB: Buy 17.61 | Sell 17.71

EGP / USD at NBE: Buy 17.63 | Sell 17.73

EGX30 (Tuesday): 13,730 (+1.0%)

Turnover: EGP 1.4 bn (63% above the 90-day average)

EGX 30 year-to-date: +11.2%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 1.0%. CIB, the index heaviest constituent closed up 0.3%. EGX30’s top performing constituents were: SODIC up 4.3%; Heliopolis Housing up 4.2%; and Egyptian Financial and Industrial up 4.0%. Yesterday’s worst performing stocks included: Qalaa Holdings down 2.7%; Domty down 2.6%; and Egyptian Iron and Steel down 1.3%. The market turnover was EGP 1.4 bn and regional investors were the sole net buyers.

Foreigners: Net Short | EGP -32.5 mn

Regional: Net Long | EGP +32.9 mn

Domestic: Net Short | EGP -0.4mn

Retail: 63.4% of total trades | 60.9% of buyers | 65.9% of sellers

Institutions: 36.6% of total trades | 39.1% of buyers | 34.1% of sellers

Foreign: 18.9% of total | 17.8% of buyers | 20.1% of sellers

Regional: 12.5% of total | 13.7% of buyers | 11.4% of sellers

Domestic: 68.6% of total | 68.5% of buyers | 68.5% of sellers

WTI: USD 49.84 (+0.73%)

Brent: USD 55.14 (-0.61%)

Natural Gas (Nymex, futures prices) USD 3.12 MMBtu, (-0.06%, October 2017 contract)

Gold: USD 1,314.5/ troy ounce (+0.3%)

TASI: 7,351.15 (-0.57%) (YTD: +1.95%)

ADX: 4,464.11 (+0.25%) (YTD: -1.81%)

DFM: 3,655.07 (-0.15%) (YTD: +3.52%)

KSE Weighted Index: 442.00 (-0.32%) (YTD: +16.29%)

QE: 8,289.23 (+0.13%) (YTD: -20.58%)

MSM: 4,997.53 (+0.21%) (YTD: -13.58%)

BB: 1,302.59 (+0.32%) (YTD: +6.73%)