Pre-Trading Thoughts

No major changes for MSCI Egypt Index are expected this time around. MSCI will announce rebalancing results on Wednesday, February 9 Inflation figures for Egypt will be released on February 10; Expect the figure to come close to 7% YoY, compared to 5.9% in December 2021 The CBE decided to keep interest rates unchanged The government hiked fuel prices for the fourth time in a row by EGP0.25 per liter of gasoline and kept diesel prices unchanged Egypt's PMI dropped to 47.9 in January 2022...