In today's Pre-Session Views:

• Strategy | RACC will like trade within EGP8.5 to EGP9.5/share until RAYA announces the next move
• DSCW | Textile modernization and FDI inflows bolster DSCW’s strategic positioning should overshadow the stock's illiquidity discount
• P-fertilizers | Foreign capital reinforces Egypt’s strategic role in phosphate fertilizers
• Pharma | MPCI leads Egypt’s pharma rally with further upside potential
• MCQE | 3Q25 cement sales figures confirm MCQE as our top pick

In today's views

• Strategy | EGP17.5/l diesel sends an all-clear signal to MPC beyond 2025 
• ETRS | We are bullish on Egytrans/NOSCO mergerWe are bullish on Egytrans/NOSCO merger

• Strategy | Four deleveraging stories that will likely outperform in 2026 
• Macro/CSAG | USD/EGP at 45 and CSAG above its 52W high by early 2026 if Suez Canal traffic returns to normal
• LCSW | Turning windfall gains into momentum
• SKPC | 3Q25 results signal modest operating recovery
• EGBE, SAUD | set for their turn amid the rerating wave of banking stocks

• Strategy | PHDC stock will likely re-rate to EGP10/share before end March 2026 
• ETEL | Tower monetization catalyst positions ETEL for the next leg up
• ORHD (coastal), TMGH (inland), and EFIH (infrastructure) | EGX’s clearest bets on tourism tailwinds

In today's views

• Strategy | Using replacement cost as a valuation metric flags ABUK, MCQE, BONY and AMIA as outliers 
• ORAS | A rare case of low risk/high return
• Cement Sector | New licenses signal long-term confidence, but short-term price impact remains limited