{"id":567871,"date":"2020-12-09T03:48:13","date_gmt":"2020-12-09T03:48:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/09\/what-the-markets-are-doing-on-9-december-2020\/"},"modified":"2020-12-09T03:48:13","modified_gmt":"2020-12-09T03:48:13","slug":"what-the-markets-are-doing-on-9-december-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/09\/what-the-markets-are-doing-on-9-december-2020\/","title":{"rendered":"What the markets are doing on 9 December 2020"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>The EGX30 rose 0.2% yesterday<\/strong> on turnover of EGP 1.6 bn (27.4% above the 90-day average). Foreign investors were net sellers. The index is down 21.1% YTD.<\/p>\n<p><strong>In the green: <\/strong>Dice (+15.0%), Egyptian Iron & Steel (+4.5%) and Export Development Bank (+2.4%).<\/p>\n<p><strong>In the red: <\/strong>Oriental Weavers (-1.9%), Juhayna (-1.6%) and TMG Holding (-1.6%).<\/p>\n<p><strong>Asian markets are up this morning <\/strong>and futures suggest that Europe and Wall Street will both follow suit later today.<\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table table-striped markets-table'>\n<tbody>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>11,019<\/p>\n<\/td>\n<td>\n<p>+0.2% (YTD: -21.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.63<\/p>\n<\/td>\n<td>\n<p>Sell 15.73<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.63<\/p>\n<\/td>\n<td>\n<p>Sell 15.73<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>8,612<\/p>\n<\/td>\n<td>\n<p>-0.3% (YTD: +2.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>5,062<\/p>\n<\/td>\n<td>\n<p>+0.4% (YTD: -0.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,532<\/p>\n<\/td>\n<td>\n<p>+2.0% (YTD: -8.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>3,702<\/p>\n<\/td>\n<td>\n<p>+0.3% (YTD: +14.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>6,559<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: -13.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 48.84<\/p>\n<\/td>\n<td>\n<p>+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 2.45<\/p>\n<\/td>\n<td>\n<p>+2.0%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,837.80<\/p>\n<\/td>\n<td>\n<p>-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 18,325.11<\/p>\n<\/td>\n<td>\n<p>-4.6%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><strong>Private sector activity in the UAE worsened for the second straight mon<\/strong><strong>th in <\/strong><strong>November<\/strong> due to sluggish demand, according to the<a href=\"https:\/\/www.markiteconomics.com\/Public\/Home\/PressRelease\/b010c857fc8849428fe58112cfd90700\">IHS Markit PMI (pdf)<\/a>. The country saw the first contraction in activity since May as covid weighed on output, exports and jobs.<\/p>\n<p><strong>There\u2019s plenty of news out of Europe this morning<\/strong>, where the <strong>eurozone econo<\/strong><strong>my <\/strong><strong><a href=\"https:\/\/www.reuters.com\/article\/eurozone-economy-gdp\/consumer-spending-exports-drive-euro-zone-growth-to-record-high-idUSKBN28I16L\">expanded<\/a><\/strong> at a record 12.5% clip between July and September, there are rising calls for the European Central Bank to <strong>\u201c<\/strong><strong><a href=\"https:\/\/www.ft.com\/content\/0295ccb3-bc57-415c-89f7-5d4e63a64c88\">cancel debts<\/a><\/strong><strong>,\u201d<\/strong> and EU-based tech startups are on track to <a href=\"https:\/\/www.cnbc.com\/2020\/12\/08\/atomico-state-of-european-tech-2020-report-another-record-year.html\">raise a<\/a><strong><a href=\"https:\/\/www.cnbc.com\/2020\/12\/08\/atomico-state-of-european-tech-2020-report-another-record-year.html\">record<\/a><\/strong><strong> USD 41 bn<\/strong>.<\/p>\n<p><strong>Chinese healthcare company JD Health\u2019s share price jumped 75% in their<\/strong><strong> trading debut<\/strong> after the company raised USD 3.5 bn in Hong Kong\u2019s <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-12-08\/jd-health-s-debut-is-the-best-by-a-mega-hong-kong-ipo-ecm-watch\">biggest IPO of the year<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EGX30 rose 0.2% yesterday on turnover of EGP 1.6 bn (27.4% above the 90-day average). Foreign investors were net sellers. The index is down 21.1% YTD. In the green: Dice (+15.0%), Egyptian Iron &#038; Steel (+4.5%) and Export Development Bank (+2.4%). In the red: Oriental Weavers (-1.9%), Juhayna (-1.6%) and TMG Holding (-1.6%). Asian [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7210],"tags":[294,344,7106,4285,72,7192,725,647,119,348,122,185,4286,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567871","post","type-post","status-publish","format-standard","hentry","category-planet-finance","tag-citigroup","tag-cryptocurrency","tag-debt","tag-elissar-farah-antonios","tag-enterpriseam","tag-eu","tag-european-central-bank","tag-facebook","tag-financial-markets","tag-gdp","tag-planet-finance","tag-pmi","tag-pope-francis","tag-uae","wpautop","entry"],"acf":{"mongo_id":"8675624d-3a06-420d-9d4f-407aad238685","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[567846],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What the markets are doing on 9 December 2020 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/09\/what-the-markets-are-doing-on-9-december-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What the markets are doing on 9 December 2020\" \/>\n<meta property=\"og:description\" content=\"The EGX30 rose 0.2% yesterday on turnover of EGP 1.6 bn (27.4% above the 90-day average). 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Foreign investors were net sellers. The index is down 21.1% YTD.In the green: Export Development Bank of Egypt (+6.0%), Oriental Weavers (+3.5%) and Juhayna (+2.0%).In the red: Emaar Misr (-2.6%), Ezz Steel (-1.3%)\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567707,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/03\/what-the-markets-are-doing-on-3-december-2020\/","url_meta":{"origin":567871,"position":1},"title":"What the markets are doing on 3 December 2020","author":"enterpriseam admin","date":"3 December 2020","format":false,"excerpt":"The EGX30 fell 0.2% yesterday on turnover of EGP 1.9 bn (31.9% above the 90-day average). Foreign investors were net sellers. The index is down -21.1% YTD.In the green: Eastern Company (+4.9%), Export Development Bank of Egypt (+4.3%) and Dice (+4.3%).In the red: Juhayna (-6.3%), Edita (-2.1%) and GB Auto\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560698,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/09\/what-the-markets-are-doing-on-9-march-2021\/","url_meta":{"origin":567871,"position":2},"title":"What the markets are doing on 9 March 2021","author":"enterpriseam admin","date":"9 March 2021","format":false,"excerpt":"The European Central Bank might accelerate the pace of its emergency bond purchases above EUR 20 bn per week in its monetary policy meeting this Thursday, in a bid to push back against recent spike in bond yields that threaten growth prospects in the eurozone, the Financial Times reported. Concerns\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":545917,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/17\/planet-finance-standard-chartered-is-pulling-back-from-mea-but-still-wants-to-enter-egypt\/","url_meta":{"origin":567871,"position":3},"title":"Planet Finance: Standard Chartered is pulling back from MEA, but still wants to enter Egypt","author":"enterpriseam admin","date":"17 April 2022","format":false,"excerpt":"Standard Chartered plans major exit in MEA markets \u2014 but still wants to enter Egypt: Standard Chartered is completely shutting its business in seven countries in Africa and the Middle East in efforts to redirect resources to countries \u201cwhere it can have the greatest scale and growth potential,\u201d it said\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577904,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/what-the-markets-are-doing-on-thursday-8-december\/","url_meta":{"origin":567871,"position":4},"title":"What the markets are doing on Thursday, 8 December","author":"enterpriseam admin","date":"8 December 2022","format":false,"excerpt":"THE CLOSING BELL- The EGX30 rose 2.0% at yesterday\u2019s close on turnover of EGP 3.2 bn. Foreign investors were net sellers. The index is up 23.8% YTD. In the green: EFG Hermes (+6.8%), Talaat Moustafa Holding (+6.1%) and Qalaa Holding (+5.9%). In the red: Rameda Pharma (-4.8%), Egypt Kuwait Holding-EGP\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/163.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563065,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/brent-price-hits-highest-level-since-october-2018\/","url_meta":{"origin":567871,"position":5},"title":"Brent price hits highest level since October 2018","author":"enterpriseam admin","date":"16 June 2021","format":false,"excerpt":"Oil prices have reached their highest level since October 2018, with Brent climbing 1.6% yesterday to almost USD 74 per bbl.And analysts are predicting the rally to continue: Vitol, Glencore and Trafigura and Goldman Sachs analysts have all said that USD 100\/bbl oil is now possible as supply continues to\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=567871"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567871\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/567846"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=567871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=567871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=567871"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=567871"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=567871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}