Pre-Trading Thoughts

The government aims to raise USD5 billion during October 2023 to June 2024 through divestment from Bank of Alexandria and Vodafone, among other divestment plans including electricity and water desalination plants. JP Morgan will review Egypt’s eligibility for its Government Bond Index-Emerging Markets (GBI-EM) series over the next three to six months, with the country’s sovereign bonds remaining in the index during the review period. The EGX began allowing investors to trade treasury bills in...