- Market Overview

- prepared by: Mayada Amin, CFTE, CFTe

Market Overview

- Prepared by: Mayada Amin- CETA, CFTe

• Strategy | Benign November inflation figure should unlock another 100 bps Christmas day policy rate cut.
• ELEC | Earnings soft patch but medium-term re-rating intact
• Urea | US LNG surge crushes European gas; urea downside risks increase
• ABUK | McKinsey roadmap to unlock efficiency and ensure CBAM compliance

Market Overview

-prepared by: Mayada Amin- CETA, CFTe

Market Overview

-EGX30

-EGX70

prepared by: Mayada Amin- CETA, CFTe

In today's views

• Strategy | Cracks are appearing in "ancient economy" flour milling stocks and investors are advised to exercise caution
• ETEL | 2025 multiples are now on par with the historical TTM; 1Q26 data centers’ sale completion marks a step toward 7-9x
• BINV | A story of corporate actions and value creation reinforced by 9M25 performance

In today's views

• Strategy | Reiterating small-cap pharma call: Nile Pharma bubble crashed and Memphis Pharma will likely outperform in 2026
• MFPC roundtable takeaways | Structural export advantage reinforced, limited CBAM risk, and clear investment path ahead
• ​CICH | 9M25 resilience underscores our EGP13/share fair value
• TWSA | Preliminary indicators show promising growth in factoring