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

EGP / USD at CIB: Buy 17.89 | Sell 17.96

EGP / USD at NBE: Buy 17.78 | Sell 17.88

EGX30 (Wednesday): 13,078 (-0.3%)

Turnover: EGP 705 mn (13% below the 90-day average)

EGX 30 year-to-date: -12.9%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.3%. CIB, the index heaviest constituent ended up 0.3%. EGX30’s top performing constituents were Ibnsina Pharma up 2.6%, and Egyptian Iron & Steel up 2.6%, and Egyptian Aluminium up 2.2%. Yesterday’s worst performing stocks were Qalaa Holdings down 3.8%, SODIC down 3.6% and Madinet Nasr Housing down 2.8%. The market turnover was EGP 705 mn, and local investors were the sole net buyers.

Foreigners: Net Short | EGP -52.0 mn

Regional: Net Short | EGP -9.5 mn

Domestic: Net Long | EGP +61.5 mn

Retail: 63.0% of total trades | 66.5% of buyers | 59.5% of sellers

Institutions: 37.0% of total trades | 33.5% of buyers | 40.5% of sellers

WTI: USD 47.37 (-1.66%)

Brent: USD 56.56 (-1.19%)

Natural Gas (Nymex, futures prices) USD 3.73 MMBtu, (+0.03%, January 2019 contract)

Gold: USD 1,248.40 / troy ounce (-0.64%)

TASI: 7,860.35 (-1.05%) (YTD: +8.77%)

ADX: 4,859.62 (+0.64%) (YTD: +10.49%)

DFM: 2,544.12 (+1.32%) (YTD: -24.51%)

KSE Premier Market: 5,368.17 (+0.2%)

QE: 10,496.40 (+0.07%) (YTD: +23.15%)

MSM: 4,336.79 (-0.97%) (YTD: -14.95%)

BB: 1,314.52 (+0.02%) (YTD: -1.29%)