Pre-Trading Thoughts

Foreign investors' transactions returned to record net purchases of bills and bonds during yesterday's trading, Tuesday, for the first time after a selling wave that lasted 8 sessions. Their net purchases of treasuries yesterday amounted to about USD160 million. The Finance Ministry raised some EGP50.3 bn worth of three-month T-bills this week at an average yield of 28.3%, a five-month high. Egypt yesterday launched its voluntary carbon trading market — the first in the country and in Africa....