EPISODE · Feb 6, 2022 · 4 MIN
Pre-Trading Thoughts
from Al Ahly Pharos · host Al Ahly Pharos
No major changes for MSCI Egypt Index are expected this time around. MSCI will announce rebalancing results on Wednesday, February 9 Inflation figures for Egypt will be released on February 10; Expect the figure to come close to 7% YoY, compared to 5.9% in December 2021The CBE decided to keep interest rates unchangedThe government hiked fuel prices for the fourth time in a row by EGP0.25 per liter of gasoline and kept diesel prices unchangedEgypt's PMI dropped to 47.9 in January 2022 from 49.0 in the prior monthMetito of UAE submitted an offer to construct floating seawater desalination plants in Egypt at a cost of USD100 millionThe details for the long-awaited package of incentives to stimulate the local car assembly industry could be made clear within a month; AUTO is a key beneficiaryMCRO’s IPO retail component was 6.49x oversubscribed; First day of trading is February 10Colliers: Hotel occupancy rates in January 2022 reached 69% in Hurghada and Cairo, 60% in Sharm El Sheikh, and 64% in Alexandria
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No major changes for MSCI Egypt Index are expected this time around. MSCI will announce rebalancing results on Wednesday, February 9 Inflation figures for Egypt will be released on February 10; Expect the figure to come close to 7% YoY, compared to 5.9% in December 2021 The CBE decided to keep interest rates unchanged The government hiked fuel prices for the fourth time in a row by EGP0.25 per liter of gasoline and kept diesel prices unchanged Egypt's PMI dropped to 47.9 in January 2022...
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Pre-Trading Thoughts
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