Pre-Trading Thoughts

The government is pushing ahead with a raft of fresh social protection measures: Freezing household electricity prices, postponing the previously planned increases to mid-2023 instead of 2022-end.The ration cards package will continue into 30 June 2023, instead of 2022-end.The state should distribute an EGP300 bonus next month to employees in the public sector and at state-owned enterprises, and to pensioners.Hiking the minimum wage for civil servants and employees at state-owned enterprises ...