UAE PMI rebounds: The UAE’s non-oil private sector activity accelerated in September on the back of surging demand and a rise in output, according to S&P Global’s latest PMI figures (pdf) out last week. The PMI rose to 56.7 from 55.0 during the month, driven by new orders which accelerated at their fastest pace since June 2019, and business confidence which reached its highest level since March 2020.

EGX30

19,873

+0.8% (YTD: +36.1%)

USD (CBE)

Buy 30.83

Sell 30.96

USD at CIB

Buy 30.85

Sell 30.95

Interest rates CBE

19.25% deposit

20.25% lending

Tadawul

10,765

-0.7% (YTD: +2.7%)

ADX

9,756

-0.1% (YTD: -4.5%)

DFM

4,165

+0.5% (YTD: +24.8%)

S&P 500

4,309

+1.2% (YTD: +12.2%)

FTSE 100

7,495

+0.6% (YTD: +0.6%)

Euro Stoxx 50

4,144

+1.1% (YTD: +9.3%)

Brent crude

USD 84.58

+0.6%

Natural gas (Nymex)

USD 3.34

+5.4%

Gold

USD 1,845.20

+0.7%

BTC

USD 27,935

-0.2% (YTD: +68.9%)

THE CLOSING BELL-

The EGX30 rose 0.8% at Wednesday’s close on turnover of EGP 1.51 bn (30.3% below the 90-day average). International investors were net buyers. The index is up 36.1% YTD.

In the green: Alexandria Mineral Oils Company (+5.8%), Credit Agricole Egypt (+5.2%) and Beltone Financial Holding (+4.7%).

In the red: Eastern Company (-2.2%), Oriental Weavers (-1.6%) and Juhayna Food Industries (-1.3%).

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