Pre-Trading Thoughts

According to the local press, electricity prices will not move until June 2022, but there may be an amendment to the price plan to be applied in July 2022 due to higher natural gas cost; EGAL and MICH are the two stocks whose production cost is mostly reliant on electricity prices to the industrial sector Remittances grew by 11.6% YoY in August 2021, recording USD2.7 billion Nitrogen fertilizer producers are now required to supply 55% of their production to the Ministry of Agriculture; Local ...