EPISODE · Sep 29, 2021 · 4 MIN
Pre-Trading Thoughts 29/9/2021
from Al Ahly Pharos · host Al Ahly Pharos
-Global markets under pressure; Yield on US 10-year treasuries high; Expectations for higher rates move investors out of equities-MPs will draft a new legislation aiming to postpone capital gains tax on EGX transactions-Italy allows travel to Sharm El Sheikh and Marsa Alam without quarantine on return-PIOH to split stock into three as of October 11-Asmak to raise stake in PORT to 25-33%; Might trigger an MTO-HRHO to apply for startups and SME financing license -Drive (AUTO) signs first consumer finance contract-Tharwa Insurance (CNFN), DEIN, MOIN compete on EGP1.8 bn insurance premiums-Egypt and Saudi to sign electricity connection contracts; SWDY might be a beneficiary-ETEL to participate in the 2Africa cable extension-Sugar prices rise to reach EGP9,300 - 9,700/ton-RAKT fate (liquidation, capital increase, merger) to be determined on Oct. 14 GAM
What this episode covers
-Global markets under pressure; Yield on US 10-year treasuries high; Expectations for higher rates move investors out of equities -MPs will draft a new legislation aiming to postpone capital gains tax on EGX transactions -Italy allows travel to Sharm El Sheikh and Marsa Alam without quarantine on return -PIOH to split stock into three as of October 11 -Asmak to raise stake in PORT to 25-33%; Might trigger an MTO -HRHO to apply for startups and SME financing license -Drive (AUTO) signs f...
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Pre-Trading Thoughts 29/9/2021
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