Pre-Trading Thoughts

Egyptian Stock Exchange board is discussing an action plan with market stakeholders to revitalize the market. Minister of Finance said that the government will issue the first sovereign Sukuk before the end of the current fiscal year FY2021/22. Minister of Planning expected that economic growth will exceed 5% during 3QFY2021/22, and the full-year growth to be close to 6%. Eight international auto companies have stopped exporting cars to Egypt on the back of tight global car market and delays ...