EGP / USD CBE market average: Buy 16.55 | Sell 16.67

EGP / USD at CIB: Buy 16.55 | Sell 16.65

EGP / USD at NBE: Buy 16.57 | Sell 16.67

EGX30 (Wednesday): 14,013 (-0.6%)

Turnover: EGP 537 mn (20% below the 90-day average)

EGX 30 year-to-date: +7.5%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.6%. CIB, the index heaviest constituent ended up 0.1%. EGX30’s top performing constituents were Sarwa Capital Holding up 2.6%, Oriental Weavers up 0.7%, and CIRA up 0.6%. Yesterday’s worst performing stocks were Ezz Steel down 5.8%, Egyptian Iron & Steel down 3.5% and Orascom Investment Holding down 3.2%. The market turnover was EGP 537 mn, and local investors were the sole net buyers.

Foreigners: Net Short | EGP -11.7 mn

Regional: Net Short | EGP -40.4 mn

Domestic: Net Long | EGP +52.0 mn

Retail: 57.2% of total trades | 65.8% of buyers | 48.6% of sellers

Institutions: 42.8% of total trades | 34.2% of buyers | 51.4% of sellers

WTI: USD 60.41 (-0.03%)

Brent: USD 67.01 (+4.44%)

Natural Gas (Nymex, futures prices) USD 2.45 MMBtu, (+0.20%, Aug 2019 contract)

Gold: USD 1,421.50 / troy ounce (+0.64%)

TASI: 8,905.57 (+0.58%) (YTD: +13.78%)

ADX: 5,026.75 (+0.09%) (YTD: +2.27%)

DFM: 2,687.23 (+1.17%) (YTD: +6.23%)

KSE Premier Market: 6,767.34 (+0.61%)

QE: 10,551.21 (+0.48%) (YTD: +2.45%)

MSM: 3,812.99 (-0.29%) (YTD: -11.81%)

BB: 1,539.91 (+0.10%) (YTD: +15.15%)

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