Pre-Trading Thoughts

Federal Reserve raised interest rates by 75 bps, raising rates by 300 bps since the start of 2022. Egypt's MPC committee meets today, and we hope rates would be maintained, taking into account cost-push inflation, commodity prices cooling down, the fiscal deficit, and economic growth. Our projection comes against consensus expectations for a 200 bps rate hike. Sodic is currently not looking to acquire MNHD and is looking at other investment opportunities. HELI plans to invest EGP297.0 m...