Pre-Trading Thoughts

Fed meeting will start today. Consensus expects the Fed to go ahead with a 75-bps rate hike. Joint working committees within the Egyptian Stock Exchange, NBE, BM, and BdC are exploring the listing of 38 affiliated companies. Prime Minister launched a digital platform to discuss the State Ownership Policy Document. Egypt's industrial production fell 6.3% MoM in April (Bloomberg). Suez Canal Authority will continue to grant rebates to LPG vessels operating between the American Gulf and In...