EGP / USD CBE market average: Buy 15.99 | Sell 16.09

EGP / USD at CIB: Buy 15.99 | Sell 16.09

EGP / USD at NBE: Buy 15.99 | Sell 16.09

EGX30 (Thursday): 13,885 (+1.0%)

Turnover: EGP 392 mn (44% below the 90-day average)

EGX 30 year-to-date: +6.51%

THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 0.1%. CIB, the index’s heaviest constituent, ended up 1.8%. EGX30’s top performing constituents were CIRA up 4.3%, Orascom Development Egypt up 3.8%, and Ibnsina Pharma up 2.1%. Thursday’s worst performing stocks were Telecom Egypt down 2.2%, EFG Hermes down 0.8% and Sidi Kerir Petrochemicals down 0.7%. The market turnover was EGP 392 mn, and foreign investors were the sole net buyers.

Foreigners: Net Long | EGP +51.6 mn

Regional: Net Short | EGP -0.6 mn

Domestic: Net Short | EGP -51.0 mn

Retail: 51.1% of total trades | 38.5% of buyers | 63.8% of sellers

Institutions: 48.9% of total trades | 61.5% of buyers | 36.2% of sellers

WTI: USD 61.72 (+0.06%)

Brent: USD 68.16 (+0.35%)

Natural Gas (Nymex, futures prices) USD 2.23 MMBtu (-2.36%, January 2020 contract)

Gold: USD 1,518.10 / troy ounce (+0.24%)

TASI: 8,353.14 (+0.12%) (YTD: +6.73%)

ADX: 5,050.49 (-1.03%) (YTD: +2.76%)

DFM: 2,764.88 (-0.30%) (YTD: +9.29%)

KSE Premier Market: 6,926.21 (-0.43%)

QE: 10,426.37 (-0.17%) (YTD: +1.24%)

MSM: 3,866.41 (-0.22%) (YTD: -10.58%)

BB: 1,604.00 (+0.06%) (YTD: +19.95%)

Tags: