EGP / USD CBE market average: Buy 16.6939 | Sell 16.7939

EGP / USD at CIB: Buy 16.69 | Sell 16.79

EGP / USD at NBE: Buy 16.69 | Sell 16.79

EGX30 (Wednesday): 14,132.18 (-0.50%)

Turnover: EGP 535 mn (29% below the 90-day average)

EGX 30 year-to-date: +8.41%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.50%. CIB, the index heaviest constituent ended down 0.47%. EGX30’s top performing constituents were Egyptian Resorts up 1.94%, Madinet Nasr Housing up 1.13%, and GB Auto up 0.96%. Yesterday’s worst performing stocks were Arabia Investments Holding down 9.91%, Ezz Steel down 2.34% and Sarwa Capital down 1.65%. The market turnover was EGP 535 mn, and foreign investors were the sole net buyers.

Foreigners: Net long | EGP +9.0 mn

Regional: Net short | EGP -1.0 mn

Domestic: Net short | EGP -7.9 mn

Retail: 47.3% of total trades | 44.0% of buyers | 50.5% of sellers

Institutions: 52.7% of total trades | 56.0% of buyers | 49.5% of sellers

WTI: USD 53.76 (-0.26%)

Brent: USD 62.25 (+0.18%)

Natural Gas (Nymex, futures prices) USD 2.28 MMBtu, (-2.23%, July 2019 contract)

Gold: USD 1,348.80 / troy ounce (-0.14%)

TASI: 8,936.26 (-0.71%) (YTD: +14.18%)

ADX: 4,974.84 (+1.27%) (YTD: +1.22%)

DFM: 2,639.48 (+0.41%) (YTD: +4.34%)

KSE Premier Market: 6,303.52 (-0.04%)

QE: 10,507.40 (+0.84%) (YTD: +2.02%)

MSM: 3,943.46 (+0.72%) (YTD: -8.80%)

BB: 1,453.74 (+0.16%) (YTD: +8.71%)

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