Pre-Trading Thoughts

The Saudi sovereign wealth fund acquired stakes in four EGX-listed companies for USD 1.3 bn. El Mal newspaper reported that ADQ looks to increase its shareholding in MFPC by an additional 10-15%. Core inflation, which excludes volatile items such as food and fuel, climbed 15.6% on an annual basis in July, up from 14.6% in May. The cabinet will announce the full details of the measures it will implement to restrict public electricity consumption following its meeting today. Rationalizing...