EGP / USD CBE market average: Buy 16.69 | Sell 16.79

EGP / USD at CIB: Buy 16.67 | Sell 16.77

EGP / USD at NBE: Buy 16.71 | Sell 16.81

EGX30 (Wednesday): 14,158 (-0.3%)

Turnover: EGP 680 mn (12% below the 90-day average)

EGX 30 year-to-date: +8.6%

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 Madinet Nasr Housing up 3.1%, Heliopolis Housing up 3.1%, and Qalaa Holdings up 1.1%. Yesterday’s worst performing stocks were GB Auto down 3.0%, Orascom Development down 2.4% and Eastern Co down 2.3%. The market turnover was EGP 680 mn, and foreign investors were the sole net sellers.

Foreigners: Net Short | EGP -52.1 mn

Regional: Net Long | EGP +3.7 mn

Domestic: Net Long | EGP +48.4 mn

Retail: 49.2% of total trades | 52.6% of buyers | 45.8% of sellers

Institutions: 50.8% of total trades | 47.4% of buyers | 54.2% of sellers

WTI: USD 51.13 (-0.02%)

Brent: USD 59.97 (-3.72%)

Natural Gas (Nymex, futures prices) USD 2.38 MMBtu, (-0.21%, Jul 2019 contract)

Gold: USD 1,337.50 / troy ounce (+0.05%)

TASI: 9,084.75 (+1.06%) (YTD: +16.07%)

ADX: 4,990.86 (+0.50%) (YTD: +1.54%)

DFM: 2,663.55 (-0.44%) (YTD: +5.29%)

KSE Premier Market: 6,455.50 (-0.63%)

QE: 10,621.76 (+0.35%) (YTD: +3.13%)

MSM: 3,962.20 (-0.51%) (YTD: -8.36%)

BB: 1,451.00 (+0.06%) (YTD: +8.51%)

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