Al Ahly Pharos Al Ahly Pharos
-
- Business
Welcome to our daily podcast featuring the day's top news commentary and technical recommendations delivered to you before the opening bells of the Egyptian Stock Exchange (EGX).Alongside our morning podcasts, we will be publishing a collection of episodes presenting indepth analysis and insights on EGX's equities, all brought to you by Al Ahly Pharos.
-
Pre-Trading Thoughts
Egypt is looking to secure a USD 1 bn — or its equivalent in another currency — soft loan from the Brics’ New Development Bank (NDB) by the end of 2024 or the beginning of 2025. The government is also in talks with the NDB over the issuance of local currency-denominated bonds.The government will reportedly launch its new export subsidies program starting in July. The EGX will today launch Egypt’s maiden shariah-compliant index after getting the approval from the Financial Regulatory Auth...
-
Technical Analysis
Market Overview OLFIJUFOEFIDBTFHPrepared by: Mayada Amin- CETA, CFTe
-
Pre-Trading Thoughts
May 2024 saw a continued decline in the annual urban inflation, falling to 28.1% from April’s 32.5%. Core inflation, which excludes highly volatile and administered prices, declined for the third consecutive month in May reaching 27.1%, compared to 31.8% in April.The European Bank for Reconstruction and Development (EBRD) will announce a new electricity production project to be carried out in partnership with the private sector. The bank has plans as well to take part in financing a “major” g...
-
Technical Analysis
Market Overview HRHOORWEAMOCESRSALCNMFPC JUFOPREPARED BY: Mayada Amin - CETA, CFTe
-
Pre-Trading Thoughts
The Head of EBRD in Egypt said that the bank has pumped USD500 million into Egypt YTD, and expects the bank's financing to reach USD1.2 billion by year-end.The Cabinet has turned down a proposal from the Supply Ministry to raise the price of subsidized sugar to EGP18 from EGP12.6 per kilo.The government will not be importing sugar for a while and the private sector is expected to import some 250k tons of sugar over the next three months.Suez Canal revenue continued to decline in May, falling ...
-
Technical Analysis
Market Overview COMISWDY EFIHALCNPHDCESRSABUK AMOCPrepared by: Mayada Amin - CETA, CFTe