Pre-Trading Thoughts

MSCI Egypt Index Changes: HRHO replaced FWRY in the Standard Index; EFIH and FWRY got included in Small Cap Index; PHDC and HELI have been excluded from the Small Cap Index. The execution date is May 31. A press conference to announce new details of the state’s response to the economic turmoil fallout from Russia’s war in Ukraine will take place this week. Might unlock IMF funding. The EGP continued to strengthen against the USD on Thursday, jumping to USD 18.38 from EGP 18.44 on...