EGP / USD CBE market average: Buy 16.53 | Sell 16.66

EGP / USD at CIB: Buy 16.55 | Sell 16.65

EGP / USD at NBE: Buy 16.55 | Sell 16.65

EGX30 (Wednesday): 13,618 (-0.5%)

Turnover: EGP 576 mn (6% below the 90-day average)

EGX 30 year-to-date: +4.5%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.5%. CIB, the index heaviest constituent ended down 0.3%. EGX30’s top performing constituents were Arab Cotton Ginning up 2.5%, Juhayna up 2.0%, and Oriental Weavers up 1.2%. Yesterday’s worst performing stocks were Palm Hills down 3.7%, Madinet Nasr Holding down 2.8% and Heliopolis Housing down 2.4%. The market turnover was EGP 576 mn, and regional investors were the sole net sellers.

Foreigners: Net Long | EGP +8.6 mn

Regional: Net Short | EGP -80.0 mn

Domestic: Net Long | EGP +71.4 mn

Retail: 46.9% of total trades | 46.7% of buyers | 47.1% of sellers

Institutions: 53.1% of total trades | 53.3% of buyers | 52.9% of sellers

WTI: USD 55.93 (+0.09%)

Brent: USD 63.11 (-0.11%)

Natural Gas (Nymex, futures prices) USD 2.23 MMBtu, (+0.36%, Aug 2019 contract)

Gold: USD 1,424.20 / troy ounce (+0.04%)

TASI: 8,785.74 (-0.12% (YTD: +12.25%)

ADX: 5,357.01 (+0.25%) (YTD: +8.99%)

DFM: 2,855.74 (+12.89%) (YTD: +0.82%)

KSE Premier Market: 6,662.88 (+0.34%)

QE: 10,549.75 (+0.37%) (YTD: +2.43%)

MSM: 3,765.06 (+0.04%) (YTD: -12.92%)

BB: 1,515.70 (-0.43%) (YTD: +13.34%)

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