EGP / USD CBE market average: Buy 16.54 | Sell 16.67

EGP / USD at CIB: Buy 16.55 | Sell 16.65

EGP / USD at NBE: Buy 16.57 | Sell 16.67

EGX30 (Tuesday): 14,097 (+0.4%)

Turnover: EGP 552 mn (19% below the 90-day average)

EGX 30 year-to-date: +8.1%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 0.4%. CIB, the index heaviest constituent ended up 0.7%. EGX30’s top performing constituents were Egypt Kuwait Holding up 4.1%, Arabia Investments Holding up 4.1%, and Orascom Development Egypt up 2.6%. Yesterday’s worst performing stocks were Pioneers Holding down 1.7%, Telecom Egypt down 1.3% and Qalaa Holdings down 1.3%. The market turnover was EGP 552 mn, and regional investors were the sole net sellers.

Foreigners: Net Long | EGP +8.5 mn

Regional: Net Short | EGP -34.2 mn

Domestic: Net Long | EGP +25.8 mn

Retail: 69.3% of total trades | 71.1% of buyers | 67.5% of sellers

Institutions: 30.7% of total trades | 28.9% of buyers | 32.5% of sellers

WTI: USD 58.70 (+0.87%)

Brent: USD 64.90 (+0.74%)

Natural Gas (Nymex, futures prices) USD 2.43 MMBtu, (+0.16%, Aug 2019 contract)

Gold: USD 1,395.10 / troy ounce (-0.39%)

TASI: 8,854.49 (+0.31%) (YTD: +13.13%)

ADX: 5,022.17 (+0.23%) (YTD: +2.18%)

DFM: 2,656.20 (0.00%) (YTD: +5.00%)

KSE Premier Market: 6,726.47 (+1.4%)

QE: 10,500.46 (+0.55%) (YTD: +1.96%)

MSM: 3,824.09 (+0.03%) (YTD: -11.56%)

BB: 1,538.31 (+0.36%) (YTD: +15.03%)

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