EGP / USD CBE market average: Buy 17.60 | Sell 17.70

EGP / USD at CIB: Buy 17.60 | Sell 17.70

EGP / USD at NBE: Buy 17.60 | Sell 17.70

EGX30 (Thursday): 14,127 (+0.2%)

Turnover: EGP 1.9 bn (128% above the 90-day average)

EGX 30 year-to-date: +8.4%

THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 0.2%. CIB, the index heaviest constituent ended down 0.2%. Thursday’s top performing constituents were SODIC up 4.8%, Palm Hills up 3.6%, and Ezz Steel up 3.3%. Thursday’s worst performing stocks were Egypt Aluminum down 2.4%, Abu Qir Fertilizers down 1.5% and Global Telecom down 1.1%. The market turnover was EGP 1.9 mn, and foreign investors were the sole sellers.

Foreigners: Net Short | EGP -125.6 mn

Regional: Net Long | EGP +13.2 mn

Domestic: Net Long | EGP +112.3 mn

Retail: 50.6% of total trades | 50.2% of buyers | 51.0% of sellers

Institutions: 49.4%of total trades | 49.8% of buyers | 49.0% of sellers

WTI: USD 55.26 (+2.73%)

Brent: USD 62.75 (+3.14%)

Natural Gas (Nymex, futures prices) USD 2.73 MMBtu, (-2.84%, Mar 2019 contract)

Gold: USD 1,322.10 / troy ounce (-0.23%)

TASI: 8,559.95 (-0.28%) (YTD: +9.37%)

ADX: 5,044.85 (+0.80%) (YTD: +2.64%)

DFM: 2,567.59 (+1.14%) (YTD: +1.5%)

KSE Premier Market: 5,430.10 (-0.15%)

QE: 10,720.31 (+0.01%) (YTD: +4.09%)

MSM: 4,166.47 (-1.17%) (YTD: -3.64%)

BB: 1,391.42 (-0.07%) (YTD: +4.05%)

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