Pre-Trading Thoughts

The EGP registered a new record low, closing the day at 24.1 to the USD. The House Manpower Committee approved yesterday disbursing a EGP300 bonus in November to public-sector employees and pensioners. Some importers said that the banks started to arrange the required USD to release the goods that had been held at ports for weeks. The Sovereign Fund of Egypt will begin the roadshow for its pre-IPO fund at the end of November. The SFE Chief said that the restructuring of the two co...