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 (Monday): 14,626 (+0.02%)

Turnover: EGP 712 mn (1% below the 90-day average)

EGX 30 year-to-date: +12.2%

THE MARKET ON MONDAY: The EGX30 ended Monday’s session up 0.02%. CIB, the index’s heaviest constituent, ended up 1.1%. EGX30’s top performing constituents were Orascom Construction up 3.8%, Egyptian Iron & Steel up 3.7%, and Kima up 2.8%. Yesterday’s worst performing stocks were AMOC down 3.6%, Egyptian Resorts down 2.9% and Sidi Kerir Petrochemicals down 2.6%. The market turnover was EGP 712 mn, and foreign investors were the sole net buyers.

Foreigners: Net long | EGP +23.6 mn

Regional: Net short | EGP -23.3 mn

Domestic: Net short | EGP -0.3 mn

Retail: 64.9% of total trades | 63.9% of buyers | 65.9% of sellers

Institutions: 35.1% of total trades | 36.1% of buyers | 34.1% of sellers

WTI: USD 56.56 (+0.0%)

Brent: USD 62.13 (0.7%)

Natural Gas (Nymex, futures prices) USD 2.82 MMBtu, (+0.1%, December 2019 contract)

Gold: USD 1,509 / troy ounce (-0.1%)

TASI: 7,653 (+0.8%) (YTD: -2.2%)

ADX: 5,110 (-0.1%) (YTD: +4.0%)

DFM: 2,706 (+0.0%) (YTD: +7.0%)

KSE Premier Market: 6,176 (-0.3%)

QE: 10,200 (+2.1%) (YTD: -1.0%)

MSM: 4,020 (+0.3%) (YTD: -7.0%)

BB: 1,520 (+0.0%) (YTD: +13.7%)

Tags: