• Strategy| Betting on listed crude oil-related stocks is betting against the supply response of OPEC+ and US shale producers
• DSCW| valuation update
• ORAS | Private sector entry to water projects a tailwind for local contractors
• MTIE| Contribution to Basata Holding’s capital increase underscores commitment to microfinance growth

- Market Overview 

- Prepared by: Mayada Amin, CFTE, CFTe

In today's Pre-Session Views:

• Strategy| COMI behavior during a sell-off suggests EGP80/share is a sold floor
• ADIB| Growth-oriented with capital preservation in mind; Ready to mitigate rate pressures
• HRHO| HRHO Dips Below EGP 25/Share—Time to load up
• JUFO| The margin tailwind fades as concentrates catalyst wears off
• ISPH| Earnings and cosmeceuticals growth on track; potential deleveraging adds further upside
• LCSW| Merger fuels efficiency; 2H25 rebound may support EGP600 million earnings guidance barring gas price shocks
• MCQE| YTD sales volumes reaffirm robust 2025 outlook

- Market Overview 

- ADIB

- PHDC

- TMGH

- ORAS

- FWRY 

- Prepared by: Mayada Amin- CETA, CFTe

In today's Pre-Session Views:

• Strategy| ISPH sell-off is categorically unjustified
• EGAL| We remain buyers of EGAL as aluminum prices hit a 3-month high

Market Overview 

prepared by: Mayada Amin- CETA, CFTe 

In today's Pre-Session Views:

• Strategy| Gauges of macro risk are not raising red flags yet
• DSCW| What did Management tell us ? 
• MCQE| valuation update

Market Overview 

Prepared by: Mayada Amin- CETA, CFTe 

• Strategy| DSCW stock showcases the strength of its embedded hedges in Black Sunday
• GBCO management call| Adding the stock as the 11th opportunity
• ABUK| Cheap on a status quo basis, but the "status quo" itself is being challenged
• HRHO| HRHO sheds more than just dividends: Accumulate below EGP25/share 

Market Overview 

prepared by: Mohamed Othman- CETA, CFTe