Pre-Trading Thoughts

The Federal Reserve raised interest rates 0.75 basis points to a target range of 3.75%-4%, the highest level since January 2008.The government plans to IPO four state-owned maritime and land transport companies during 1Q2023. Companies include Damietta Container & Cargo Handling Company (DCHC) and Port Said Container & Cargo Handling Company (PSCCHC).The Electricity Ministry is in talks with six Saudi firms for more than USD3 billion worth of renewable energy projects.The Internationa...