Pre-Trading Thoughts

Minister of Planning announced that Egypt aims to reach a growth rate of 4.2% in FY2024-25, up from 3% for the current year. Egypt Post’s investment arm could invest as much as EGP6 billion throughout the year split between private equity investments and investments in EGX-listed companies. Importers are reportedly expecting banks' provision of foreign currency to complete the procedures for opening letters of credit, accelerating the pace of importing new shipments during the coming period. ...