EGP / USD CBE market average: Buy 17.43 | Sell 17.53

EGP / USD at CIB: Buy 17.43 | Sell 17.53

EGP / USD at NBE: Buy 17.43 | Sell 17.53

EGX30 (Wednesday): 14,643 (-0.6%)

Turnover: EGP 845 mn (8% below the 90-day average)

EGX 30 year-to-date: +12.3%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.6%. CIB, the index heaviest constituent ended down 0.8%. EGX30’s top performing constituents were Palm Hills up 2.2%, Pioneers Holding up 2.1%, and Egyptian Resorts up 2.1%. Yesterday’s worst performing stocks were Ezz Steel down 3.0%, Heliopolis Housing down 1.9% and Egypt Kuwait Holding down 1.8%. The market turnover was EGP 845 mn, and local investors were the sole net sellers.

Foreigners: Net Long | EGP +99.2 mn

Regional: Net Long | EGP +466.0 mn

Domestic: Net Short | EGP -565.3 mn

Retail: 18.5% of total trades | 20.6% of buyers | 16.4% of sellers

Institutions: 81.5% of total trades | 79.4% of buyers | 83.6% of sellers

WTI: USD 56.16 (-0.11%)

Brent: USD 65.99 (+0.20%)

Natural Gas (Nymex, futures prices) USD 2.85 MMBtu, (+0.18%, Apr 2019)

Gold: USD 1,287.50 / troy ounce (-0.01%)

TASI: 8,534.16 (-0.32%) (YTD: +9.04%)

ADX: 4,977.19 (-2.17%) (YTD: +1.26%)

DFM: 2,626.13 (-0.40%) (YTD: +3.81%)

KSE Premier Market: 5,596.45 (+0.44%)

QE: 9,884.21 (-1.26%) (YTD: -4.03%)

MSM: 4,153.42 (-0.30%) (YTD: -3.94%)

BB: 1,410.83 (-0.25%) (YTD: +5.50%)

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