EGP / USD CBE market average: Buy 16.12 | Sell 16.24

EGP / USD at CIB: Buy 16.12 | Sell 16.22

EGP / USD at NBE: Buy 16.14 | Sell 16.24

EGX30 (Wednesday): 14,127 (-0.5%)

Turnover: EGP 434 mn (38% below the 90-day average)

EGX 30 year-to-date: +8.4%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.5%. CIB, the index’s heaviest constituent, ended down 0.3%. EGX30’s top performing constituents were Eastern Co up 1.8%, Ibnsina Pharma up 1.3%, and Cleopatra Hospitals up 0.8%. Yesterday’s worst performing stocks were Egypt Iron & Steel down 3.8%, Qalaa Holding down 3.3% and Ezz Steel down 3.3%. The market turnover was EGP 434 mn, and foreign investors were the sole net sellers.

Foreigners: Net short | EGP -9.4 mn

Regional: Net long | EGP +4.2 mn

Domestic: Net long | EGP +5.2 mn

Retail: 65.8% of total trades | 63.3% of buyers | 68.3% of sellers

Institutions: 34.2% of total trades | 36.7% of buyers | 31.7% of sellers

WTI: USD 55.75 (-0.4%)

Brent: USD 61.17 (2.5%)

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

Gold: USD 1,495.00/ troy ounce (-0.10%)

TASI: 7,887 (+0.2%) (YTD: +0.8%)

ADX: 5,151 (+0.3%) (YTD: +4.8%)

DFM: 2,780 (+0.3%) (YTD: +9.9%)

KSE Premier Market: 6,282 (-0.2%)

QE: 10,354 (-0.2%) (YTD: +0.5%)

MSM: 3,996 (-0.3%) (YTD: -7.6%)

BB: 1,525 (-0.0%) (YTD: +14.1%)

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