Pre-Trading Thoughts

CAPMAS is expected to release inflation figures for October on Sunday, 10 November. We expect urban annual inflation to hit around 27%. Net International Reserves recorded USD46.9 billion at the end of October 2024, up USD205 million from September’s USD46.7 billion. Investment Minister Hassan El Khatib will unveil the revamped privatization program before the end of the month, Prime Minister said. Egyptian officials and the IMF mission are in discussions over how they can extend the timeline...