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Author: Al Ahly Pharos

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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.
1648 Episodes
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Pre-Trading Thoughts

Pre-Trading Thoughts

2025-02-1703:44

IMF boss confirmed that the Fund will continue to support the Egyptian economy as it carries out reforms. The government will pay out USD1 billion of arrears owed to foreign energy companies early next month. The Emirati company Dana Gas will resume its drilling activities in Egypt starting next March, after receiving part of its overdue dues from the Egyptian Petroleum Authority. BP kicked off production from the second development phase of its Raven natural gas field in its North Alex...
Technical Analysis

Technical Analysis

2025-02-1703:36

- Market Overview - ABUK - ORHD - ETEL - ADIB - ORAS - Prepared by: Mayada Amin- CETA, CFTe
Pre-Trading Thoughts

Pre-Trading Thoughts

2025-02-1605:30

Cypriot President Nikos Christodoulides reconfirmed that he will sign “the first agreements for the commercialization of natural gas from deposits in the Republic of Cyprus” tomorrow. Egypt’s unemployment rate fell to 6.4% in 4Q 2024, down 0.3 percentage points from the previous quarter, according to data from state statistics agency Capmas. Efforts to speed up customs clearance got the cabinet thumbs up, with a plan from the finance and investment ministries to improve the process of e...
Technical Analysis

Technical Analysis

2025-02-1603:39

- Market Overview - COMI - HRHO - CIEB - ETEL - EMFD - PHAR prepared by: Mayada Amin- CETA, CFTe
Pre-Trading Thoughts

Pre-Trading Thoughts

2025-02-1305:58

The government is currently working on preparing the budget for FY 2025-26, all while preparing a comprehensive three-year budget with a financial ceiling that can only be exceeded in exceptional cases, one of the sources said. Government entities will also submit another budget covering FY 2026-27 to FY 2029-30. Ministries will be given cabinet-approved financial ceilings that can’t be exceeded. The Public Government Budget is set to rise to somewhere in the vicinity of EGP8 tn in the fiscal...
Technical Analysis

Technical Analysis

2025-02-1302:33

- Market Overview - ETEL - CIEB - ISPH - RMDA - HRHO - prepared by: Mayada Amin- CETA, CFT
Pre-Trading Thoughts

Pre-Trading Thoughts

2025-02-1202:54

*Key news articles for today* Egypt plans to “present a comprehensive vision for the reconstruction of the Gaza Strip in a manner that ensures the Palestinian people remain in their homeland and aligns with their legitimate and legal rights. Two consortiums of international energy players are set to invest a total of USD130 million over the next five to eight years in drilling 10 oil and gas exploration wells in East Port Said and the Western Desert. US oil producer Apache is set to ki...
Technical Analysis

Technical Analysis

2025-02-1201:20

- Market Overview
Pre-Trading Thoughts

Pre-Trading Thoughts

2025-02-1104:05

Annual urban inflation recorded 24.0% in January 2025 compared with 24.1% in December 2024. Annual core inflation, computed by the CBE, recorded 22.6% in January 2025 compared with 23.2% in December 2024. Spanish hospitality group Barceló is in negotiations to acquire and participate in several projects in Egypt, CEO Raúl González said in a meeting with Investment Minister Hassan El Khatib during his time in Spain, according to a statement. Egypt’s foreign debt inched up 1.5...
Technical Analysis

Technical Analysis

2025-02-1102:44

- Market Overview - TAQA - CCAP - OIH - HRHO - ELKA - prepared by : Mayada Amin- CETA, CFTe
Pre-Trading Thoughts

Pre-Trading Thoughts

2025-02-1005:25

The National Wages Council decided to raise the minimum wage for private sector workers to EGP7k a month, up from EGP6k, starting March. The Council also set the value of the bonus granted to employees at no less than 3% of their social insurance wage with a floor of EGP250 per month. Hong Kong-listed United Energy Group (UEG) inked a sale and purchase agreement to fully acquire Apex's upstream oil and gas exploration and production operations in Egypt for an undisclosed sum. A consortium of ...
Technical Analysis

Technical Analysis

2025-02-1002:25

- Market Overview - ABUK - EAST - JUFO - HRHO - ADIB - prepared by: Mayada Amin- CETA, CFTe
Pre-Trading Thoughts

Pre-Trading Thoughts

2025-02-0904:47

The IMF’s Executive Board is to sign off on Egypt’s fourth review “in the coming weeks,” IMF Communications Director Julie Kozack said in a briefing to the press. The meeting will also see the board look into a set of fresh funds under the IMF’s Resilience and Sustainability Facility. BP’s recent discovery at its King Mariout offshore concession could hold up to 4 trillion cubic feet of natural gas, according to early estimates cited by two unnamed government officials that spoke to Asharq Bu...
Technical Analysis

Technical Analysis

2025-02-0902:18

- Market Overview - SKPC - COMI - OCDI - JUFO - ETEL -prepared by: Mayada Amin- CETA, CFTe
Pre-Trading Thoughts

Pre-Trading Thoughts

2025-02-0607:03

The new social protection package will be announced “within days,” Prime Minister said. The package of minimum wage hikes and pension increases will come into effect starting the next fiscal year. Net foreign reserves inched up to USD47.3 billion at the end of January 2025, marking a USD156 million increase from December. Net foreign assets in Egypt’s banking sector reached USD5.23 billion in December, down 12.2% from USD5.96 billion in November. The decline was driven by a widening def...
Technical Analysis

Technical Analysis

2025-02-0602:15

Market Overview COMI HRHO ELKA ELSH prepared by: Mayada Amin- CETA, CFTe
Pre-Trading Thoughts

Pre-Trading Thoughts

2025-02-0503:52

Egypt's PMI recorded 50.7 in January, up from 48.1 in December, signaling a renewed improvement in the health of the Egyptian non-oil economy at the beginning of the year, on growth in output and sales as well as falling cost pressures to eight-month low. The government will lease a Turkish floating storage regasification unit starting June and for the duration of the summer, an unnamed government official said. It will cost some USD45 million to lease the unit from June and until November. T...
Technical Analysis

Technical Analysis

2025-02-0501:10

Market Overview Prepared by: Mayada Amin- CETA, CFTe
Pre-Trading Thoughts

Pre-Trading Thoughts

2025-02-0404:24

Kuwait’s Ali Alghanim & Sons Group is looking into setting up an insulin factory in Egypt in partnership with foreign companies as part of its expansion in Egypt. The group is also exploring the development of a tourist resort overlooking the Red Sea. The government holding intensive discussions to resolve the issue of the long-awaited capital gains tax on EGX transactions, and even look for alternatives, a government source said. Egypt has reportedly signed agreements with Shell an...
Technical Analysis

Technical Analysis

2025-02-0402:00

- Market Overview - COMI - ADIB - ORAS - BTFH - prepared by: Mayada Amin- CETA, CFTe
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