EGP / USD CBE market average: Buy 16.07 | Sell 16.19

EGP / USD at CIB: Buy 16.07 | Sell 16.17

EGP / USD at NBE: Buy 16.09 | Sell 16.19

EGX30 (Tuesday): 14,465 (+1.2%)

Turnover: EGP 913 mn (17% above the 90-day average)

EGX 30 year-to-date: +11.0%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 1.2%. CIB, the index’s heaviest constituent, ended up 1.4%. EGX30’s top performing constituents were Sidi Kerir Petrochemicals up 5.9%, AMOC up 4.4%, and Orascom Construction up 4.0%. Yesterday’s worst performing stocks were Cleopatra Hospital down 0.2%, CIRA down 0.2% and Eastern Co down 0.1%. The market turnover was EGP 913 mn, and foreign investors were the sole net sellers.

Foreigners: Net short | EGP -41.8 mn

Regional: Net long | EGP +17.8 mn

Domestic: Net long | EGP +24.0 mn

Retail: 65.7% of total trades | 66.6% of buyers | 64.7% of sellers

Institutions: 34.3% of total trades | 33.4% of buyers | 35.3% of sellers

WTI: USD 55.54 (+0.0%)

Brent: USD 61.59 (+0.0%)

Natural Gas (Nymex, futures prices) USD 2.60 MMBtu, (+6.2%, December 2019 contract)

Gold: USD 1,489.70 / troy ounce (-0.1%)

TASI: 7,693 (-1.2%) (YTD: -1.70%)

ADX: 5,075 (-1.2%) (YTD: +3.3%)

DFM: 2,739 (-1.4%) (YTD: +8.3%)

KSE Premier Market: 6,280 (-0.1%)

QE: 10,220 (-0.0%) (YTD: -0.8%)

MSM: 4,004 (-0.0%) (YTD: -7.4%)

BB: 1,524 (+0.1%) (YTD: +14.0%)

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