EGP / USD CBE market average: Buy 15.69 | Sell 15.79

EGP / USD at CIB: Buy 15.70 | Sell 15.80

EGP / USD at NBE: Buy 15.68 | Sell 15.78

EGX30 (Tuesday): 9,841 (+4.2%)

Turnover: EGP 1.2 bn (96% above the 90-day average)

EGX 30 year-to-date: -29.5%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 4.2%. CIB, the index’s heaviest constituent, ended up 5.2%. EGX30’s top performing constituents were EFG Hermes up 9.0%, Heliopolis Housing up 8.6%, and Sidi Kerir Petrochemicals up 7.1%. Yesterday’s worst performing stocks were Madinet Nasr housing down 7.6% and Credit Agricole down 2.3%. The market turnover was EGP 1.2 bn, and domestic investors were the sole net buyers.

Foreigners: Net Short | EGP -155.1 mn

Regional: Net Short | EGP -12.8 mn

Domestic: Net Long | EGP +167.9 mn

Retail: 51.7% of total trades | 50.9% of buyers | 52.4% of sellers

Institutions: 48.3% of total trades | 49.1% of buyers | 47.6% of sellers

WTI: USD 24.89 (+5.33%)

Brent: USD 32.58 (+2.23%)

Natural Gas (Nymex, futures prices) USD 1.89 MMBtu, (+2.21%, May 2020 contract)

Gold: USD 1,683.40 / troy ounce (-0.40%)

TASI: 6,986.40 (+1.83%) (YTD: -16.72%)

ADX: 3,928.23 (+5.51%) (YTD: -22.61%)

DFM: 1,785.45 (+5.54%) (YTD: -35.42%)

KSE Premier Market: 5,093.81 (+0.35%)

QE: 8,979.49 (+3.13%) (YTD: -13.87%)

MSM: 3,397.82 (-0.09%) (YTD: -14.65%)

BB: 1,313.33 (+0.24%) (YTD: -18.44%)

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