EGP / USD CBE market average: Buy 17.03 | Sell 17.13

EGP / USD at CIB: Buy 17.02 | Sell 17.12

EGP / USD at NBE: Buy 17.03 | Sell 17.13

EGX30 (Tuesday): 14,024 (+0.9%)

Turnover: EGP 372 mn (54% below the 90-day average)

EGX 30 year-to-date: +7.6%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 0.9%. CIB, the index heaviest constituent ended up 1.1%. EGX30’s top performing constituents were Cairo Investment & Real Estate Development up 3.6%, Telecom Egypt up 2.0%, and Qalaa Holdings up 1.8%. Yesterday’s worst performing stocks were Egyptian Resorts down 1.6%, Pioneers Holding down 0.9% and TMG Holding down 0.5%. The market turnover was EGP 372 mn, and local investors were the sole net buyers.

Foreigners: Net Short | EGP -8.7 mn

Regional: Net Short | EGP -5.5 mn

Domestic: Net Long | EGP +14.2 mn

Retail: 41.4% of total trades | 41.6% of buyers | 41.3% of sellers

Institutions: 58.6% of total trades | 58.4% of buyers | 58.7% of sellers

WTI: USD 61.34 (+0.49%)

Brent: USD 70.96 (+1.04%)

Natural Gas (Nymex, futures prices) USD 2.65 MMBtu, (+1.22%, Jun 2019)

Gold: USD 1,297.50 / troy ounce (-0.33%)

TASI: 8,374.27 (+0.09%) (YTD: +7.00%)

ADX: 4,802.58 (-2.57%) (YTD: -2.29%)

DFM: 2,612.98 (+3.46%) (YTD: +3.29%)

KSE Premier Market: 5,998.60 (-1.32%)

QE: 9,798.74 (+0.60%) (YTD: -4.86%)

MSM: 3,828.05 (-0.32%) (YTD: -11.46%)

BB: 1,408.44 (-0.54%) (YTD: +5.32%)

Tags: