Al Ahly Pharos
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.
Episodes
1421 episodes since 2021
Pre-Trading Thoughts
The Egyptian Stock Exchange is conducting a joint study with the GAFI to expand investment and tax incentives for listing and offering companies on the EGX.The Egyptian 5-year CDS rate fell during Tuesday’s trading to 5.9%, compared to 6...
September 18, 2024
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2:43
Pre-Trading Thoughts
Saudi Crown Prince Mohammed bin Salman announced that he has directed Saudi’s Public Investment Fund (PIF) to pump USD 5 bn in investments into Egypt as part of the “first phase” of a larger program of investment.The Agreement on Promoti...
September 17, 2024
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7:29
Pre-Trading Thoughts
The Madbouly government is in the process of drafting an investment plan to offer the Red Sea’s Ras Banas to private sector players in a transaction similar to ADQ’s Ras El Hekma USD35 billion agreement.Egypt has bought 20 cargoes of liq...
September 16, 2024
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7:01
Pre-Trading Thoughts
The government yesterday announced its first batch of new amendments to the tax system, which aim to ease the burden on taxpayers. Amendments include: Launching a central clearing system, putting a cap on late payment penalties such that the pe...
September 12, 2024
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3:52
Technical Analysis
Market Overview MASRTMGHORWEHRHOETELprepared by: Mayada Amin- CETA, CFTe
September 12, 2024
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2:21
Pre-Trading Thoughts
*Key news articles for today* NYSE-listed global miner AngloGold Ashanti will buy Egypt-focused LSE- and TSX-listed Centamin in a cash and share transaction valued at around USD 2.5 bn.Annual urban inflation has accel...
September 11, 2024
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3:35
Pre-Trading Thoughts
Remittances from Egyptians working abroad increased during July 2024, for the fifth month in a row, by 86.8%. Transfers amounting to about USD3 billionThe government is considering canceling the planned capital gains tax on all EGX trans...
September 10, 2024
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5:24
Technical Analysis
Market Overview COMIEKHOABTFHPHDCMASRPrepared by: Mayada Amin, CETA, CFTe
September 10, 2024
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2:25
Pre-Trading Thoughts
Egypt and Cyprus have begun serious steps to reach an agreement to build a 90-km marine natural gas pipeline to connect the two countries. A consortium made up of SPE Capital-run equity fund SPE PEF III, European Bank for Reconstruc...
September 09, 2024
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3:39
Pre-Trading Thoughts
In line with our expectation, the Central Bank of Egypt left interest rates unchanged on Thursday.Net foreign reserves reached a new high of USD46.6 billion at the end of August 2024, up from July’s record figure of USD46.5 billion.<...
September 08, 2024
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2:08
Pre-Trading Thoughts
Egypt and Turkey seek to boost trade from USD5 billion to USD15 billion over the next five years. The two countries signed 18 MoUs to strengthen cooperation on transport, energy, defense, education, tourism, health, culture, agriculture, and fi...
September 05, 2024
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3:57
Technical Analysis
Market Overview ETELDOMTOLFISUGRAMERPrepared by: Mayada Amin- CETA, CFTe
September 05, 2024
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2:55
Pre-Trading Thoughts
*Key news articles for today* BP plans to invest USD400 million during the current fiscal year to drill two new wells at the Raven natural gas field in its North Alexandria concession. The two wells will add a combined daily...
September 04, 2024
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1:56
Technical Analysis
Market Overview JUFOFWRYALCNABUKOLFIprepared by: Mayada Amin - CETA, CFTe
September 04, 2024
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2:12
Pre-Trading Thoughts
*Key news articles for today* The headline PMI rose in August to 50.4, rising from 49.7 in July, to signal the first improvement in the health of the non-oil private sector since November 2020.The industry, transport,...
September 03, 2024
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3:46
Technical Analysis
Market Overview ABUKJUFOSWDYprepared by: Mayada Amin - CETA, CFTe
September 03, 2024
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1:59
Pre-Trading Thoughts
UAE’s Masdar, Infinity Power, and Hassan Allam Utilities will set up USD900 million worth of solar power plants in Upper Egypt with a combined capacity of 1 GW after the government greenlit the move, according to media. Tunisian-own...
September 02, 2024
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4:18