Pre-Trading Thoughts

The Ministry of Petroleum announced on Friday that it is raising fuel prices for various octanes. The price of diesel remains steady at EGP8.25. Aligned with expectations, the MPC of the CBE decided at its meeting on Thursday to maintain the key interest rates at their current levels. Egypt's PMI shrank to 47.9 in October from 48.7 in September, as inflation, supply chain problems, and a lack of access to foreign currency continued to bite into business activity. Fitch Ratings has...