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Update: 2022-12-06
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Trade deficit decreased by 41.3% YoY in September, on an annual basis, to USD2.44 billion. Exports increased by 11.6% YoY to USD4.11 billion, while imports decreased by 16.4% YoY to record USD6.55 billion.

Suez Canal revenues jumped to USD7.2 billion during 11M2022, an increase of 26% YoY.  

Assistant Minister of Transport for Operation and Budgets revealed the ministry's efforts to prepare 19 companies to be listed on the Egyptian Stock Exchange.


OIH (FV: EGP0.70, OW) released 3Q22 consolidated financial results where bottom-line recorded EGP105.5 mn compared to losses of EGP36.7 mn in 3Q21. 9M22 bottom-line recorded EGP205.7 mn compared to losses of EGP173.8 million. 

EMFD (FV: EGP5.01, OW) received regulatory approval to add the selling and distributing of electricity to its list of business activities.

According to local media, ACAMD rejected the offer from El Rawasy for Real Estate Development for the co-development of the Zefta land plot. ACAMD received another offer for the co-development of the Zefta land plot from a consortium of three Emirati companies.

The New Administrative Capital Company is thinking of listing its subsidiaries on the EGX instead of the New Administrative Capital Company itself, with details on the potential listing expected to be announced in 1Q23.

The EGX’s listing committee has signed off on the temporary listing of the state-owned Port Said Container & Cargo Handling Company ahead of the planned IPO.

Mobile phone sales volumes recorded a decline of around 55% YoY in September 2022.

Weekly Commodities Update:

  | Chems & Petchems | | Last Price | WoW Change, %
| Brent, USD/bbl | 87.7 | 8.3%
| Diesel-HSFO Spread, USD/ton | 564.8 | 6.2%
| Egypt Urea, USD/ton | 562.5 | 0.4%
| Polyethylene, USD/ton | 1,030.0 | 0.0%
| Polypropylene, USD/ton | 930.0 | 0.0%
| Steel/Iron Ore Spreads, USD/ton | 460.6 | 4.0%
| LME Aluminum Cash Price, USD/ton | 2,517.5 | 8.1%
| Egyptian Retail Cement, EGP/ton | 1,624.0 | 0.0%
| Steam Coal FOB Newcastle Australia, USD/ton | 405.0 | 6.9%
| SMP, USD/MT | 3,057.0 | 2.9%

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