Pre-Trading Thoughts

Saudi Crown Prince Mohammed bin Salman is scheduled to visit Egypt, tomorrow, as part of a tour of the region that will also include Jordan and Turkey. The Egyptian Central Depository and Registry will be officially launched in 4Q22, in preparation for the discussions with the Euroclear platform. The government has secured from local farmers around 4.1 million tons of wheat. FWRY reported 1Q22 attributable net profit of EGP28.2 million (-63.0% YoY, +1.3% QoQ), impacted by: ESOP expense ...