EGP / USD CBE market average: Buy 16.07 | Sell 16.20

EGP / USD at CIB: Buy 16.07 | Sell 16.17

EGP / USD at NBE: Buy 16.09 | Sell 16.19

EGX30 (Thursday): 14,558 (+0.6%)

Turnover: EGP 957 mn (33% above the 90-day average)

EGX 30 year-to-date: +11.7%

THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 0.6%. CIB, the index’s heaviest constituent, ended up 0.6%. EGX30’s top performing constituents were Sidi Kerir Petrochemicals up 5.8%, Egyptian Resorts up 3.0%, and AMOC up 2.8%. Thursday’s worst performing stocks were Heliopolis Housing down 1.2%, Madinet Nasr Housing down 1.1% and Orascom Construction down 1.0%. The market turnover was EGP 957 mn, and local investors were the sole net sellers.

Foreigners: Net long | EGP +14.4 mn

Regional: Net long | EGP +1.7 mn

Domestic: Net short | EGP -16.1 mn

Retail: 63.0% of total trades | 61.2% of buyers | 64.8% of sellers

Institutions: 37.0% of total trades | 38.8% of buyers | 35.2% of sellers

WTI: USD 56.20 (+3.70%)

Brent: USD 61.69 (+3.5%)

Natural Gas (Nymex, futures prices) USD 2.71 MMBtu, (+3.10%, December 2019 contract)

Gold: USD 1,511.40 / troy ounce (-0.2%)

TASI: 7,744 (-0.6%) (YTD: -1.10%)

ADX: 5,107 (-1.3%) (YTD: -3.9%)

DFM: 2,746 (-0.3%) (YTD: +8.6%)

KSE Premier Market: 6,211 (-0.3%)

QE: 10,188 (-0.9%) (YTD: -1.1%)

MSM: 3,999 (-0.3%) (YTD: -7.5%)

BB: 1,523 (+0.1%) (YTD: +13.9%)

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