EGP / USD CBE market average: Buy 17.26 | Sell 17.36

EGP / USD at CIB: Buy 17.28 | Sell 17.38

EGP / USD at NBE: Buy 17.26 | Sell 17.36

EGX30 (Wednesday): 14,555 (-0.6%)

Turnover: EGP 747 mn (19% below the 90-day average)

EGX 30 year-to-date: +11.7%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down -0.6%. CIB, the index heaviest constituent ended down 0.9%. EGX30’s top performing constituents were Orascom Investment Holding up 2.1%, Orascom Development Egypt up 1.2%, and Arabia Investments up 0.9%. Yesterday’s worst performing stocks were Elsewedy Electric down 2.7%, Global Telecom down 1.7% and Madinet Nasr Housing down 1.5%. The market turnover was EGP 747 mn, and foreign investors were the sole net sellers.

Foreigners: Net Short | EGP -83.1 mn

Regional: Net Long | EGP +35.3 mn

Domestic: Net Long | EGP +47.8 mn

Retail: 46.8% of total trades | 49.3% of buyers | 44.2% of sellers

Institutions: 53.2% of total trades | 50.7% of buyers | 55.8% of sellers

WTI: USD 59.23 (-0.03%)

Brent: USD 67.69 (-0.21%)

Natural Gas (Nymex, futures prices) USD 2.71 MMBtu, (-0.99%, Apr 2019)

Gold: USD 1,315.80 / troy ounce (-0.08%)

TASI: 8,766.33 (+1.01%) (YTD: +12.01%)

ADX: 5,109.42 (-0.34%) (YTD: +3.95%)

DFM: 2,614.35 (-0.03%) (YTD: +3.34%)

KSE Premier Market: 5,951.22 (+0.87%)

QE: 10,105.06 (+1.71%) (YTD: -1.88%)

MSM: 4,047.32 (-0.05%) (YTD: -6.39%)

BB: 1,413.21 (+0.37%) (YTD: +5.68%)

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