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 16.56 | Sell 16.66

EGX30 (Wednesday): 13,642 (-0.6%)

Turnover: EGP 426 mn (34% below the 90-day average)

EGX 30 year-to-date: +4.6%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.6%. CIB, the index heaviest constituent ended down 0.6%. EGX30’s top performing constituents were CIRA up 3.5%, Telecom Egypt up 1.0%, and Egypt Kuwait Holding up 0.3%. Yesterday’s worst performing stocks were Palm Hills down 4.0%, GB Auto down 3.4% and Heliopolis Housing down 2.9%. The market turnover was EGP 426 mn, and regional investors were the sole net sellers.

Foreigners: Net Long | EGP +36.2 mn

Regional: Net Short | EGP -59.5 mn

Domestic: Net Long | EGP +23.4 mn

Retail: 45.9% of total trades | 51.3% of buyers | 40.6% of sellers

Institutions: 54.1% of total trades | 48.7% of buyers | 59.4% of sellers

WTI: USD 56.51 (-0.48%)

Brent: USD 63.48 (-0.28%)

Natural Gas (Nymex, futures prices) USD 2.31 MMBtu, (+0.43%, Aug 2019 contract)

Gold: USD 1,426.20 / troy ounce (+0.20%)

TASI: 9,075.55 (+0.03%) (YTD: +15.96%)

ADX: 5,080.74 (+0.07%) (YTD: +3.37%)

DFM: 2,716.09 (-0.23%) (YTD: +7.37%)

KSE Premier Market: 6,768.80 (+0.19%)

QE: 10,613.53 (+0.12%) (YTD: +3.05%)

MSM: 3,748.03 (-0.25%) (YTD: -13.32%)

BB: 1,538.71 (+0.21%) (YTD: +15.06%)

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