Al Ahly Pharos

Pre-Session Views

Al Ahly Pharos

In today's views

  • Strategy | ORAS stuck around the AED35/share mark and this price level is far from random
  • MACRO | Absence of major inflation shocks during September and an unusually high real rate provide ample room for another 1-2% rate cut today
  • EFID | MCAP rose by EGP6 billion during a single month to EGP28 billion. Even a GCC listing does not justify this valuation
  • BONY | The story behind the numbers: from CFO to FCFE