Pre-Trading Thoughts

Global index provider MSCI has decided to remove all special treatment measures on Egyptian securities listed in its indices in the May 2024 index review. Progress made on foreign currency liquidity and the ability of foreign investors in the country to transfer funds abroad were reportedly the reasons behind MSCI’s decision. MSCI also has some other changes for EGX-listed companies in the pipeline which will take effect at the close of May 31: TMG will move from the small-cap index to ...