Pre-Trading Thoughts

The Electricity Ministry has completed its study on increasing electricity prices, with plans to introduce the hike in September following cabinet approval. Foreign investments in treasury bills increased last May by about USD2.04 billion, reaching USD37.5 billion at the end of May, compared to USD35.46 billion at the end of April. The Ministry of Electricity is satisfied with the existing “gas, steam, and combined cycle” thermal electricity generation plants and plans to not add any new proj...