EGP / USD CBE market average: Buy 16.25 | Sell 16.38

EGP / USD at CIB: Buy 16.26 | Sell 16.36

EGP / USD at NBE: Buy 16.25 | Sell 16.35

EGX30 (Thursday): 13,857 (+1.9%)

Turnover: EGP 966 mn (43% above the 90-day average)

EGX 30 year-to-date: +6.3%

THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 1.9%. CIB, the index’s heaviest constituent, ended up 3.3%. EGX30’s top performing constituents were Palm Hills up 4.7%, Egyptian Iron & Steel up 4.3%, and Cleopatra Hospital up 4.0%. Thursday’s worst performing stocks were Elsewedy Electric down 0.8%, Eastern Co down 0.5%, and Orascom Construction down 0.5%. The market turnover was EGP 966 mn, and local investors were the sole net sellers.

Foreigners: Net long | EGP +12.0 mn

Regional: Net long | EGP +131.1 mn

Domestic: Net short | EGP -143.1 mn

Retail: 45.7% of total trades | 41.3% of buyers | 50.1% of sellers

Institutions: 54.3% of total trades | 58.7% of buyers | 49.9% of sellers

WTI: USD 55.91 (-0.89%)

Brent: USD 61.91 (-1.32%)

Natural Gas (Nymex, futures prices) USD 2.40 MMBtu, (-1.60%, November 2019 contract)

Gold: USD 1,506.40 / troy ounce (-0.58%)

TASI: 8,028.19 (-0.03%) (YTD: +2.57%)

ADX: 5,069.42 (-0.37%) (YTD: +3.14%)

DFM: 2,798.21 (-0.15%) (YTD: +10.61%)

KSE Premier Market: 6,222.91 (-0.66%)

QE: 10,420.02 (-0.20%) (YTD: +1.17%)

MSM: 4,015.98 (-0.14%) (YTD: -7.12%)

BB: 1,521.34 (+0.09%) (YTD: +13.77%)

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