Pre-Trading Thoughts 31/5/2002

MSCI EM Index rebalancing execution will be today, where COMI’s FF goes down, HRHO replaces FWRY in the standard index, EFIH and FWRY get included in Small Cap Index, and PHDC and HELI get excluded. NBE and BM stop offering the 18% one-year CDs, after collecting EGP750 billion into the product and offer a three-year replacement for 14%. The Financial Supervisory Authority plans to bring the market capitalization of the Egyptian Stock Exchange to EGP1.6 trillion by 2026, supported...