Pre-Trading Thoughts

CBE revealed the sale of one-year treasury bills for USD1.06 billion at an average rate of 4.9%. The government intends to sell 5-20% stakes of around 20 owned companies either through IPO or by selling to strategic investors, starting March 2023. Companies include: Ennpi, EDC, Midor, Assiyut Refining, AMOC, SKPC, Ethydco, ABUK, Emethanex, ELAB, Port Said Containers, Damietta Containers, Housing & Development Bank, Bank of Alexandria, Banque du Caire, E-finance, HELI, MNHD, Misr Life Insu...