Pre-Trading Thoughts

The Federal Reserve hiked interest rates by 0.75%. Local exchange rate weakened to 18.77/USD during yesterday's trading. Electricity prices for residential consumers will remain unchanged until at least the end of 2022. Trade deficit decreased by 39.7% YoY in March, recording USD2.26 billion. Egypt and Israel will increase gas exports to the EU under an MoU that will run for three years. Italian government is participating with the Egyptian Ministry of Supply in the construction ...