Pre-Trading Thoughts

Talks with the IMF are still ongoing and are in the “final stages.” The government will roll out new emergency social protection measures this Thursday, where one million families join the Takaful and Karama programs as the state also raises ration card allowances and disburses emergency aid. CBE will go much faster in terms of currency adjustment; not a sudden devaluation, but at a faster pace. GDP growth recorded 6.6% in FY2021/22. High contribution to the GDP growth was recorde...