EGP / USD CBE market average: Buy 16.23 | Sell 16.36

EGP / USD at CIB: Buy 16.24 | Sell 16.34

EGP / USD at NBE: Buy 16.23 | Sell 16.33

EGX30 (Wednesday): 14,182 (-1.2%)

Turnover: EGP 536 mn (23% below the 90-day average)

EGX 30 year-to-date: +8.8%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 1.2%. CIB, the index’s heaviest constituent, ended down 1.0%. Yesterday’s worst performing stocks were Ezz Steel down 5.0%, Egyptian Resorts down 2.6% and Emaar Misr down 2.5%. The market turnover was EGP 536 mn, and foreign investors were the sole net sellers.

Foreigners: Net short | EGP -54.6 mn

Regional: Net long | EGP +7.3 mn

Domestic: Net long | EGP +47.3 mn

Retail: 72.5% of total trades | 78.1% of buyers | 66.9% of sellers

Institutions: 27.5% of total trades | 21.9% of buyers | 33.1% of sellers

WTI: USD 52.70 (+0.2%)

Brent: USD 58.32 (+0.1%)

Natural Gas (Nymex, futures prices) USD 2.24 MMBtu, (-0.1%, November 2019 contract)

Gold: USD 1,511.10 / troy ounce (-0.1%)

TASI: 7,715 (-1.5%) (YTD: -1.4%)

ADX: 5,053 (-0.3%) (YTD: +2.8%)

DFM: 2,809 (+0.5%) (YTD: +11.1%)

KSE Premier Market: 6,194 (+0.7%)

QE: 10,197 (-0.7%) (YTD: -1.0%)

MSM: 4,039 (+0.1%) (YTD: -6.6%)

BB: 1,517 (+0.0%) (YTD: +13.5%)

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