Pre-Trading Thoughts

The EGP continued to slide against the USD and closed at 19.15 yesterday. Suez Canal Authority (SCA) is considering listing 10-15% of three of its companies on the EGX by the end of 2022. Prime Minister has given orders to solve problems facing the industrial sector, in a meeting with the Minister of Trade and Industry. Qualifying bidders looking to manage and operate the soon-to-be-established state company that will manage a network of electric vehicle charging stations have until Aug...