Today’s Trading Playbook
KEY THEMES
The new banking law will likely attract attention back to small-sized banks that will need to shore up some capital to meet the new EGP5bn minimum capital limit, mainly ADIB, CANA, and SAUD. Of the three, we continue to prefer CANA. Meanwhile, lifting foreign ownership limits will likely open the door for EXPA.
Now, on to the top news and analysis for the day.