Pre-Trading Thoughts

Ministry of Finance decided to reduce the burdens of the capital gains tax on local stock exchange investors, by deducting all expenses related to trading as well as an incentive for the funds invested in the stock exchange from the tax base in case profits are achieved Annual core inflation recorded 5.2% in October compared to 4.8% in September ETEL reported 9M21 net profit came at 6.09 billion, +72.5% YoY; We upgrade our valuation of ETEL to EGP18.00/share; Telecom Egypt is currently tradin...