Pre-Trading Thoughts

Egypt's Purchasing Managers’ Index (PMI) recorded 50.1 in February declining from a 50-month high of 50.7 in January. The first phase of the Sovereign Fund of Egypt’s (SFE) plan to take over all public enterprises will target some 370 profitable firms, over half of the total 709 companies owned by the state Cairo and Baghdad discuss transferring Iraqi oil to be refined in Egyptian refineries. The Ministry of Petroleum and Mineral Resources has launched 13 new areas for exploration and s...