EGP / USD CBE market average: Buy 16.08 | Sell 16.20

EGP / USD at CIB: Buy 16.09 | Sell 16.19

EGP / USD at NBE: Buy 16.09 | Sell 16.19

EGX30 (Thursday): 14,796 (+0.6%)

Turnover: EGP 701 mn (3% below the 90-day average)

EGX 30 year-to-date: +13.5%

THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 0.6%. CIB, the index’s heaviest constituent, ended up 0.2%. EGX30’s top performing constituents were Sidi Kerir Petrochemicals up 4.7%, Ezz Steel up 4.0%, and Abu Dhabi Islamic Bank up 3.0%. Thursday’s worst performing stocks were Kima down 1.4%, Orascom Construction down 1.0% and Heliopolis Housing down 0.9%. The market turnover was EGP 701 mn, and foreign investors were the sole net buyers.

Foreigners: Net long | EGP +27.8 mn

Regional: Net short | EGP -26.9 mn

Domestic: Net short | EGP -0.9 mn

Retail: 70.8% of total trades | 70.0% of buyers | 71.5% of sellers

Institutions: 29.2% of total trades | 30.0% of buyers | 28.5% of sellers

WTI: USD 57.24 (+0.2%)

Brent: USD 62.51 (+0.4%)

Natural Gas (Nymex, futures prices) USD 2.79 MMBtu, (+0.6%, December 2019 contract)

Gold: USD 1,462.90 / troy ounce (-0.2%)

TASI: 7,874 (+1.0%) (YTD: +0.6%)

ADX: 5,093 (-0.7%) (YTD: +3.6%)

DFM: 2,660 (-1.4%) (YTD: +5.2%)

KSE Premier Market: 6,249 (+1.1%)

QE: 10,266 (-0.1%) (YTD: -0.3%)

MSM: 4,040 (+0.3%) (YTD: -6.6%)

BB: 1,518 (+0.1%) (YTD: +13.5%)

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