Pre-Trading Thoughts

Pharos Expectations for the February 2022 EGX30 Rebalancing| Additions: EFIH (3.7%), EMFD (0.7%), and ADIB (0.4%). Deletions: ORWE, PRDC, FDWA, ASPI, EGTS, and RAYA. Notable Weight Changes: ABUK's weight should increase from 4.0% to 4.9%, TMGH's weight should decrease from 4.7% to 4.0%, HRHO's weight should decrease from 4.8% to 4.1%. Egypt will receive a USD368 million loan from the Arab Monetary Fund (AMF) Egypt aims to increase exports to USD40 billion by the end of 2022 (+25% YoY) The EU ...