Pre-Trading Thoughts

Annual urban inflation recorded 6.6% up from 5.7% in August

Budget deficit in 2M FY2021/22 (July-August 2021) picked up to EGP120.5 billion (1.7% of GDP)

QNBA 3Q21 net profit pre-minority interest recorded EGP1.91 billion (-10% q/q, +6% y/y)

CNFN  to launch a program to resell used vehicles to customers

FWRY is partnering with Uber to allow customers to recharge their Uber wallets via FawryPay

AMER to purchase treasury shares of up to 10.0% of total shares outstanding during 12 October 2021 - 11 January 2022