The EGX30 rose 0.1% yesterday on turnover of EGP 1.7 bn (19.5% above the 90-day average). Foreign investors were net sellers. The index is up 6.3% YTD.

In the green: Dice (+6%), Pioneers (+4.1%) and Juhayna (+3.9%).

In the red: Orascom Development Egypt (-3%), Oriential Weavers (-1.2%) and Madinet Nasr Housing (-1.2%).

Asian markets are mostly in the red this morning following a steep sell-off on Tuesday. US and major European indices look to follow them later today ahead of the Federal Reserve meeting.

EGX30

11,527

+0.1% (YTD: +6.3%)

USD (CBE)

Buy 15.68

Sell 15.78

USD at CIB

Buy 15.67

Sell 15.77

Interest rates CBE

8.25% deposit

9.25% lending

Tadawul

8,789

-0.65% (YTD: +1.15%)

ADX

5,582

-0.63% (YTD: +10.65%)

Down

DFM

2,698

-0.93% (YTD: +8.27%)

S&P 500

3,849

-0.15% (YTD: +2.49%)

FTSE 100

6,654.01

+0.23% (YTD: +2.99%)

Brent crude

USD 55.91

+0.05%

Natural gas (Nymex)

USD 2.65

-0.19%

Gold

USD 1,853.30

-0.08%

BTC

USD 32,600.59

+0.65%
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