EGP / USD CBE market average: Buy 16.07 | Sell 16.20

EGP / USD at CIB: Buy 16.07 | Sell 16.17

EGP / USD at NBE: Buy 16.09 | Sell 16.19

EGX30 (Wednesday): 14,710 (-0.5%)

Turnover: EGP 702 mn (3% below the 90-day average)

EGX 30 year-to-date: +12.8%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.5%. CIB, the index’s heaviest constituent, ended down 0.1%. EGX30’s top performing constituents were AMOC up 4.4%, Sidi Kerir Petrochemicals up 4.2%, and SODIC up 1.1%. Yesterday’s worst performing stocks were TMG Holding down 3.4%, Ibnsina Pharma down 3.4% and Elsewedy Electric down 2.3%. The market turnover was EGP 702 mn, and regional investors were the sole net buyers.

Foreigners: Net short | EGP -2.7 mn

Regional: Net long | EGP +18.4 mn

Domestic: Net short | EGP -15.7 mn

Retail: 64.1% of total trades | 64.8% of buyers | 63.3% of sellers

Institutions: 35.9% of total trades | 35.2% of buyers | 36.7% of sellers

WTI: USD 56.38 (+0.1%)

Brent: USD 61.74 (-1.9%)

Natural Gas (Nymex, futures prices) USD 2.83 MMBtu, (+0.2%, December 2019 contract)

Gold: USD 1,492.00 / troy ounce (-0.1%)

TASI: 7,749 (-0.4%) (YTD: -1.0%)

ADX: 5,144 (-0.2%) (YTD: +4.7%)

DFM: 2,688 (+0.0%) (YTD: +6.3%)

KSE Premier Market: 6,157 (+0.1%)

QE: 10,285 (-0.2%) (YTD: -0.1%)

MSM: 4,030 (+0.1%) (YTD: -6.8%)

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

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