EGP / USD CBE market average: Buy 16.50 | Sell 16.60

EGP / USD at CIB: Buy 16.49 | Sell 16.59

EGP / USD at NBE: Buy 16.51 | Sell 16.61

EGX30 (Wednesday): 13,881 (+1.7%)

Turnover: EGP 725 mn (23% above the 90-day average)

EGX 30 year-to-date: +6.5%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 1.7%. CIB, the index’s heaviest constituent, ended up 0.7%. EGX30’s top performing constituents were Orascom Investment Holding up 5.1%, Egyptian Resorts up 5.0%, and Egypt Kuwait Holding up 4.4%. Yesterday’s worst performing stock was Ibnsina Pharma down 0.8%. The market turnover was EGP 725 mn, and local investors were the sole net sellers.

Foreigners: Net long | EGP +41.1 mn

Regional: Net long | EGP +17.2 mn

Domestic: Net short | EGP -58.3 mn

Retail: 55.6% of total trades | 54.2% of buyers | 57.1% of sellers

Institutions: 44.4% of total trades | 45.8% of buyers | 42.9% of sellers

WTI: USD 52.41 (+2.58%)

Brent: USD 57.54 (+2.33%)

Natural Gas (Nymex, futures prices) USD 2.10 MMBtu, (+0.67%, September 2019 contract)

Gold: USD 1,518.10/ troy ounce (-0.10%)

TASI: 8,482.95 (+1.06%) (YTD: +8.38%)

ADX: 5,118.76 (+0.74%) (YTD: +4.14%)

DFM: 2,831.28 (+1.23%) (YTD: +11.92%)

KSE Premier Market: 6,743.58 (+0.55%)

QE: 9,898.10 (+1.23%) (YTD: -3.89%)

MSM: 3,838.61 (+0.93%) (YTD: -11.22%)

BB: 1,544.21 (-0.06%) (YTD: +15.48%)

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