Pre-Trading Thoughts

EGX30 saw its biggest drop in three years yesterday as the fallout from the US banking crisis continued to send tremors through global financial markets. Credit Suisse will borrow as much as USD54 billion from the Swiss central bank and will buy back some of its debt in a bid to improve liquidity and curb investors’ fears. The government will start marketing state companies to investors in April, and it could add eight more companies to the list. The SFE plans to offer a 10-20% stake in...