EGP / USD CBE market average: Buy 16.15 | Sell 16.28

EGP / USD at CIB: Buy 16.16 | Sell 16.26

EGP / USD at NBE: Buy 16.18 | Sell 16.28

EGX30 (Wednesday): 14,209 (+1.1%)

Turnover: EGP 827 mn (17% above the 90-day average)

EGX 30 year-to-date: +9.0%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 1.1%. CIB, the index’s heaviest constituent, ended up 0.8%. EGX30’s top performing constituents were Madinet Nasr Housing up 6.2%, Orascom Development up 5.1%, and Egyptian Resorts up 3.4%. Yesterday’s worst performing stocks were Cleopatra Hospital down 0.8%, Oriental Weavers down 0.5% and Eastern Co down 0.4%. The market turnover was EGP 827 mn, and foreign investors were the sole net sellers.

Foreigners: Net short | EGP -79.4 mn

Regional: Net long | EGP +27.6 mn

Domestic: Net long | EGP +51.7 mn

Retail: 59.3% of total trades | 58.2% of buyers | 60.4% of sellers

Institutions: 40.7% of total trades | 41.8% of buyers | 39.6% of sellers

WTI: USD 52.88 (-0.9%)

Brent: USD 59.00 (-0.7%)

Natural Gas (Nymex, futures prices) USD 2.29 MMBtu, (-0.4%, November 2019 contract)

Gold: USD 1,492 / troy ounce (-0.1%)

TASI: 7,518 (+0.5%) (YTD: -3.9%)

ADX: 5,086 (+0.1%) (YTD: +3.5%)

DFM: 2,825 (+0.1%) (YTD: +11.7%)

KSE Premier Market: 6,295 (+0.8%)

QE: 10,434 (+0.0%) (YTD: +1.3%)

MSM: 4,003 (-0.3%) (YTD: -7.4%)

BB: 1,525 (+0.4%) (YTD: +14.1%)

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