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
1721 episodes
Pre-Trading Thoughts
Prime Minister Mostafa Madbouly stated that the fifth review of the IMF loan program will start within few days, according to local press. Egypt is committed to paying USD725 million t...
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4:30
Pre-Trading Thoughts
*Key news articles for today*Net International Reserves inched up to USD48.14 billion at the end of April, up from USD47.76 billion in March. The ascent is driven by a USD1 billion increase in the value of gold component of reserv...
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3:29
Technical Analysis
- Market Overview - BTFH- FWRY - ORAS- TAQA- ELEC- prepared by: Mayada Amin- CETA, CFTe
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2:58
Pre-Trading Thoughts
The CBE has released the Balance of Payment (BoP)'s performance report for 1HFY2024/25. Key points are: 1) The overall BoP recorded a deficit of USD503 million in 1HFY2024/25, and 2) The current account (CA) deficit has surged by 15% YoY to c. ...
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5:39
Technical Analysis
- Market Overview - CSAG- ORWE- ALCN- ETEL- Prepared by: Mayada Amin - CETA, CFTe
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2:58
Pre-Trading Thoughts
*Key news articles for today*Abu Dhabi wealth fund ADQ-owned AD Ports Group has inked a 50-year renewable usufruct agreement with the Suez Canal Economic Zone (SCZone) to develop and operate an industrial and logistics zone spanni...
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4:46
Technical Analysis
- Market Overview - HELI- BTFH- PHDC- APSW- ETEL- Prepared by: Mayada Amin- CETA, CFTe
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2:33
Pre-Trading Thoughts
Tourist arrivals rose 25% y/y in 1Q25 to 3.9 million. Tourism minister expects the 5% y/y increase in 2024 to be followed by an 8% y/y increase in 2025.The House of Representatives will start discussing amendments to the Old Rent Law tod...
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3:00
Technical Analysis
- Market Overview - COMI- ALCN- RMDA- ETEL- OFH- Prepared by: Mayada Amin- CETA, CFTe
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2:58
Pre-Trading Thoughts
*Key news articles for today*Egypt is having to increasingly look to debt to bridge the budget deficit and repay its debt obligations, with the government financing gap in the next fiscal year’s draft budget up by over 25% to EGP...
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2:54
Pre-Trading Thoughts
China’s Wu’an Xin Feng has kicked off construction on its planned USD1.7 bn integrated industrial complex in Ain Sokhna’s Industrial Zone, the Suez Canal Economic Zone (SCZone) said in a statement. The two-phase complex being built by the compa...
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6:09
Technical Analysis
- Market Overview - HRHO- MASR- RMDA- MFPC- TAQA- Prepared by: Mayada Amin- CETA, CFTe
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3:04
Pre-Trading Thoughts
We published this morning our earnings expectations sheet for companies under coverage in 1Q25/FY25, with the following key conclusions:In FY25, aggregated net profit is expected to increase 10% YoYStocks that are ex...
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3:24
Technical Analysis
- Market Overview - COMI- ALCN- PHDC- EFIH- ORAS- ORHD- Prepared by: Mayada Amin- CETA, CFTe
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2:19
Pre-Trading Thoughts
The World Bank sees the Egyptian economy growing at a 3.8% y/y clip during the fiscal year 2024-2025, raising its outlook 0.3 percentage points from its 3.5% forecast in October.The Finance Ministry is considering exempting imported auto...
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3:45
Technical Analysis
- Market Overview - COMI- HRHO- FWRY - EFIH- AMOC- PHDC- prepared by: Mayada Amin- CETA, CFTe
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2:42
Pre-Trading Thoughts
*Key news articles for today* The IMF raised Egypt’s economic growth to 3.8% YoY this fiscal year, up 0.2pps from its January forecast. Its projection for the coming fiscal year was also up, likewise coming in 0.2pps higher ...
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3:40
Technical Analysis
- Market Overview - BTFH- EMFD- EHDR- FWRY- ELSH- Prepared by: Mayada Amin- CETA, CFTe
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2:40
Pre-Trading Thoughts
The Monetary Policy Committee decided on Thursday to cut policy rates by 225 basis points to 25% and 26% for overnight deposit and overnight lending rates respectively. The government is planning to replace many of the various fees ...
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3:38
Technical Analysis
- Market Overview - TMGH- ORHD- MENA- ELSH- ELKA- Prepared by: Mayada Amin- CETA, CFTe
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3:11
