US stocks continued to slip on Friday on the back of the war, with the tech-heavy Nasdaq falling 1.7% and the S&P 500 slipping 0.8% in volatile trading, the Financial Times reports. Investors flocked from equities to safe haven assets including gold and government bonds.

EGX30

11,306

+1.0% (YTD: -5.4%)

USD (CBE)

Buy 15.66

Sell 15.76

USD at CIB

Buy 15.66

Sell 15.76

Interest rates CBE

8.25% deposit

9.25% lending

Tadawul

12,756

+0.8% (YTD: +13.1%)

ADX

9,683

-0.6% (YTD: +14.1%)

DFM

3,449

-0.9% (YTD: +7.9%)

S&P 500

4,329

-0.8% (YTD: -9.2%)

FTSE 100

6,987

-3.5% (YTD: -5.4%)

Brent crude

USD 118.11

+6.9%

Natural gas (Nymex)

USD 5.02

+6.2%

Gold

USD 1,967

+1.6%

BTC

USD 39,295

+0.5% (as of midnight)

THE CLOSING BELL-

The EGX30 rose 1.0% at Thursday’s close on turnover of EGP 865 mn (13% below the 90-day average). Foreign investors were net sellers. The index is down 5.4% YTD.

In the green: AMOC (+6.0%), Sidi Kerir Petrochem (+5.0%) and Ezz Steel (+4.7%).

In the red: Oriental Weavers (-1.2%), TMG Holding (-1.1%) and Fawry (-1.0%).

Tags: