PIF sells 10% in Tadawul Group through accelerated bookbuild: Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), successfully sold on Friday a 10% stake in Tadawul Group, via an accelerated bookbuild, according to a regulatory filing (pdf). The 12 mn shares were sold at SAR 191 apiece, 8.9% below its closing price on Thursday. HSBC Saudi Arabia and Morgan Stanley were joint global coordinators and joint bookrunners for PIF, while Al Rajhi Capital was also joint bookrunner.

EGX30

11,757

-0.2% (YTD: -1.6%)

USD (CBE)

Buy 24.36

Sell 24.44

USD at CIB

Buy 24.39

Sell 24.44

Interest rates CBE

13.25% deposit

14.25% lending

Tadawul

11,212

-1.7% (YTD: -0.6%)

ADX

10,630

+0.1% (YTD: +25.2%)

DFM

3,407

+0.7% (YTD: +6.6%)

S&P 500

3,993

+0.9% (YTD: -16.2%)

FTSE 100

7,318

-0.8% (YTD: -0.9%)

Euro Stoxx 50

3,869

+0.6% (YTD: -10.7%)

Brent crude

USD 95.99

+2.5%

Natural gas (Nymex)

USD 5.88

-5.8%

Gold

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+0.9%

BTC

USD 16,792

+0.2% (YTD: -63.6%)

THE CLOSING BELL-

The EGX30 fell 0.2% at Thursday’s close on turnover of EGP 1.28 bn (13.6% above the 90-day average). Regional investors were net buyers. The index is down 1.6% YTD.

In the green: Credit Agricole Egypt (+6.9%), Rameda Pharma (+5.0%) and Ezz Steel (+4.8%).

In the red: CIB (-4.7%) and Eastern Company (-4.2%).

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