Pre-Trading Thoughts
We Are Facing the Widest Gap Between Fundamentals and Market Performance Since 2011; Aggregated earnings of listed companies have significantly picked up in 2021 (+75% YoY) with additional 15-20% in 2022; Market had failed to reflect the recovery in earnings showing quite a wide gap relative to earnings’ performance, that should narrow down over time Oil Ministry hiked butane gas cylinder prices by 7.7%, reaching EGP 70 for household cylinders (from EGP 65) and EGP 140 (from EGP 130) for comm...
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