EGP / USD CBE market average: Buy 16.06 | Sell 16.18

EGP / USD at CIB: Buy 16.06 | Sell 16.16

EGP / USD at NBE: Buy 16.07 | Sell 16.17

EGX30 (Monday): 14,379 (-1.2%)

Turnover: EGP 535 mn (26% below the 90-day average)

EGX 30 year-to-date: +10.3%

THE MARKET ON MONDAY: The EGX30 ended Monday’s session down 1.2%. CIB, the index’s heaviest constituent, ended down 1.0%. EGX30’s top performing constituents were Egyptian Resorts up 1.3%, Abu Dhabi Islamic Bank up 0.1%, and Ibnsina Pharma up 0.1%. Yesterday’s worst performing stocks were Orascom Investment Holding down 3.1%, Madinet Nasr Housing down 3.0% and TMG Housing down 2.6%. The market turnover was EGP 535 mn, and foreign investors were the sole net sellers.

Foreigners: Net short | EGP -11.9 mn

Regional: Net long | EGP +6.0 mn

Domestic: Net long | EGP +6.0 mn

Retail: 47.8% of total trades | 48.1% of buyers | 47.5% of sellers

Institutions: 52.2% of total trades | 51.9% of buyers | 52.5% of sellers

WTI: USD 56.94 (-0.2%)

Brent: USD 62.44 (-1.4%)

Natural Gas (Nymex, futures prices) USD 2.55 MMBtu, (-0.8%, December 2019 contract)

Gold: USD 1,470.70 / troy ounce (-0.1%)

TASI: 8,000 (+0.9%) (YTD: +2.2%)

ADX: 5,046 (-0.3%) (YTD: +2.7%)

DFM: 2,682 (-0.9%) (YTD: +6.0%)

KSE Premier Market: 6,279 (+0.3%)

QE: 10,296 (-0.2%) (YTD: -0.0%)

MSM: 4,085 (-0.2%) (YTD: -5.5%)

BB: 1,501 (+0.2%) (YTD: +12.3%)

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