Pre-Trading Thoughts

The EGX30 dropped 3.3% at yesterday’s close as global equity markets react to Trump's recent decisions. Other MENA capital markets fell too on the new tariffs and oil price plunge. The EGP fell just over 1% against the greenback in trading yesterday. The dip saw the EGP pass the 51-mark against the USD and slip to its lowest level since last year’s March float. The drop came amid global uncertainty after Trump’s tariffs came into effect over the weekend, provoking uncertainty which might have...