Pre-Trading Thoughts

Wataneya and Safi are named as among the up-to-four military companies to be offered up on the EGX, unnamed sources said. The National Service Products Organization-owned filling station operator and bottled water company are reportedly currently being reevaluated ahead of a listing scheduled for 1Q25. The EGP fell to its lowest level on Thursday since March’s exchange rate liberalization, passing the EGP50.00 mark against the greenback. Egypt is to lease a second LNG floating regasifi...