Pre-Trading Thoughts

If commodity prices are easing and the local currency is weakening, ORWE hits two birds with one stone. ORWE is a high-yield stock with DY15-17%. Stock is trading at 2022 P/E of 4.2x and EV/EBITDA of 4.3x. (Pitch) Foreign reserves slipped to USD33.14 bn in July, down from USD33.40 bn a month earlier. Mohamed Farid has been appointed as acting chairman of the FRA for one year. Brent lost c.10% during the week to reach USD 95.51/bbl. ADQ is acquiring National Investment Bank's and Ministry of A...