Pre-Trading Thoughts

EGX30 Rebalancing| Starting August 1, the following stocks will be included in the EGX30 Index: BTFH, BINV, ORHD, ALCN and the following will be excluded: TALM, ISPH, CLHO, RMDA. OCDI (FV: EGP23.30, OW) reported strong 2Q23 sales of EGP5.4 billion, up 83.3% y/y and 93.9% q/q, bringing 1H23 sales up 22.5% y/y to EGP8.2 billion. Net profit in 2Q23 reached EGP147.8 million, up 125.6% y/y and down 21.1% q/q, bringing 1H23 net profit up 14.9% y/y to EGP335.1 million. With 1H23 sales of EGP8.2 bill...