Pre-Trading Thoughts

Stocks that did not fully reflect inflation and exchange rate weakness: CIEB, EFIH, JUFO, TMGH, ORHD, PHDC, HELI, EKHO, ORAS. The cabinet approved plans for Egypt to join the New Development Bank, a multilateral lender set up by Brazil, Russia, India, China, and South Africa (the BRICS). The House of Representatives has given a preliminary nod to the government’s proposed Retail Stores Bill. A Local Development Ministry decree published in the Official Gazette named 83 different commercial ac...