EGP / USD CBE market average: Buy 16.46 | Sell 16.59

EGP / USD at CIB: Buy 16.46 | Sell 16.56

EGP / USD at NBE: Buy 16.48 | Sell 16.58

EGX30 (Wednesday): 14,841 (-1.1%)

Turnover: EGP 783 mn (29% above the 90-day average)

EGX 30 year-to-date: +13.9%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 1.1%. CIB, the index’s heaviest constituent, ended down 1.5%. EGX30’s top performing constituents were Ezz Steel up 7.4%, Egyptian Iron & Steel up 2.4%, and Orascom Construction up 2.2%. Yesterday’s worst performing stocks were Juhayna down 4.1%, TMG Holding down 3.1% and Egyptian Resorts down 2.6%. The market turnover was EGP 783 mn, and foreign investors were the sole net sellers.

Foreigners: Net Short | EGP -101.5 mn

Regional: Net Long | EGP +3.9 mn

Domestic: Net Long | EGP +97.6 mn

Retail: 57.5% of total trades | 59.6% of buyers | 55.5% of sellers

Institutions: 42.5% of total trades | 40.4% of buyers | 44.5% of sellers

WTI: USD 56.26 (+4.30%)

Brent: USD 60.47 (+3.79%)

Natural Gas (Nymex, futures prices) USD 2.44 MMBtu, (+3.69%, Oct 2019 contract)

Gold: USD 1,560.40 / troy ounce (+0.29%)

TASI: 8,058.39 (+1.69%) (YTD: +2.96%)

ADX: 5,124.87 (+0.39%) (YTD: +4.27%)

DFM: 2,879.94 (+0.12%) (YTD: +13.84%)

KSE Premier Market: 6,545.84 (-0.22%)

QE: 10,295.25 (-0.05%) (YTD: -0.04%)

MSM: 4,011.52 (-0.13%) (YTD: -7.22%)

BB: 1,542.16 (-0.07%) (YTD: +15.32%)

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