Pre-Trading Thoughts

Egyptian pound has weakened on Tuesday where its 12-month non-deliverable forward (NDF) fell to a fresh all-time low to EGP38 per dollar, Bloomberg Al Sharq reported. According to Al-Mal newspaper, the government received foreign offers to acquire a 20-30% stake in Beni Suef Electricity. However, the government is yet to decide whether it will be offered to strategic investors or in IPO on EGX. The Africa Finance Corporation (AFC) has identified an immediate project pipeli...