Investment in Egypt

Gains have been seen in all but a few of Bloomberg’s EGX 30 indices, led by the real estate index. Substantial gains in the banks, basic resources and food and beverage indices bode well for the investment climate within Egypt. The caveat remains with the EGX 30 Travel & Leisure Index which over the past three months has gained only 5.6%, but year-to-date is up close to 30%.

EGX30
• The EGX 30 gains 17.1% between August 13 and September 19.
• The EGX 30 gains 46.6% between June 21 and September 19.
• September 19, 2012 is the EGX’s highest close since January 26, 2011, the day before the index delists for close to 35 trading days.
• The EGX 30 has lost 26.2% between April 27, 2010 and November 8, 2012.
• The EGX 30 has lost 1,105 points in the last three years of trading and 1,203 points in the last two years of trading, but gains nearly all of the losses back, y-o-y, gaining 1,194 points.
• In the last three months of trading, there have been 36 days when the EGX 30 closed higher than the previous day and only 22 negative trading days.
• The volume of trades over three days for the EGX 30 between October 16–18 is 645,536,128. On September 17, the volume is 333,439,104.
• The Dow Jones Industrial Average in New York loses 236.70 points or 1.8% between August 13 and November 7.
• The Nasdaq loses 85.23 points or 2.8% during the same period.
• The S&P 500 loses 9.58 points or 0.7% in three months of trading.
• The Nikkei 225 in Tokyo loses 48 points or 0.5% between August 13 and November 8.
• The Hang Seng in Hong Kong gains 2018.49 points or 10.1% during the same period.
• The STOXX 50 covering the Eurozone gains 63.14 points or 2.6% in three months of trading.
• The FTSE 100 in London loses 40.25 points or 0.7% between August 13 and November 8.
• The DAX in Frankfurt gains 295.28 points or 4.3% during the same period.

EGX 70
• The volume of trades for the EGX 70 averages 52,845,083 over 10 trading days between September 16–27.
• In the last three months of trading, there have been 34 days when the EGX 70 closed higher than the previous day and only 21 negative trading days.