Pre-Trading Thoughts

Trade deficit decreased by 41.3% YoY in September, on an annual basis, to USD2.44 billion. Exports increased by 11.6% YoY to USD4.11 billion, while imports decreased by 16.4% YoY to record USD6.55 billion. Suez Canal revenues jumped to USD7.2 billion during 11M2022, an increase of 26% YoY. Assistant Minister of Transport for Operation and Budgets revealed the ministry's efforts to prepare 19 companies to be listed on the Egyptian Stock Exchange. OIH (FV: EGP0.70, OW) released 3Q22 ...