EGP / USD CBE market average: Buy 17.86 | Sell 17.95

EGP / USD at CIB: Buy 17.86 | Sell 17.96

EGP / USD at NBE: Buy 17.78 | Sell 17.88

EGX30 (Wednesday): 12,857 (+1.5%)

Turnover: EGP 1.1 bn (37% above the 90-day average)

EGX 30 year-to-date: -14.4%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 1.5%. CIB, the index heaviest constituent ended up 2.3%. EGX30’s top performing constituents were Global Telecom up 6.9%, and Elsewedy Electric up 6.5%, and EFG Hermes up 4.1%. Yesterday’s worst performing stocks were Eastern Co down 4.9%, Abu Qir Fertilizers down 0.9% and Ezz Steel down 0.4%. The market turnover was EGP 1.1 bn, and local investors were the sole net sellers.

Foreigners: Net Long | EGP +96.0 mn

Regional: Net Long | EGP +2.6 mn

Domestic: Net Short | EGP -98.6 mn

Retail: 56.4% of total trades | 54.0% of buyers | 58.8% of sellers

Institutions: 43.6% of total trades | 46.0% of buyers | 41.2% of sellers

WTI: USD 51.36 (+0.41%)

Brent: USD 60.15 (-0.08%)

Natural Gas (Nymex, futures prices) USD 4.11 MMBtu, (-0.63%, January 2019 contract)

Gold: USD 1,251.20 / troy ounce (+0.10%)

TASI: 7,890.09 (+0.65%) (YTD: +9.19%)

ADX: 4,837.57 (+0.45%) (YTD: +9.98%)

DFM: 2,573.45 (+1.50%) (YTD: -23.64%)

KSE Premier Market: 5,388.07 (-0.35%)

QE: 10,443.56 (-0.46%) (YTD: +22.41%)

MSM: 4,482.46 (-0.34%) (YTD: -12.10%)

BB: 1,320.22 (+0.18%) (YTD: -0.86%)