Pre-Trading Thoughts

The CBE decided to keep interest rates unchanged at 8.25% and 9.25% for overnight deposit and lending rates respectively, citing inflation pattern, pick-up in domestic economic activity and continuation of global recovery from COVID-19.Quantities transported from natural gas reached 66.7 billion cubic meters, of which 62.1 billion cubic meters for local market and 4.6 billion cubic meters for exporting, which amounts to 142% growth YoY in FY20/21.President El Sisi issued a decree forming the ...