KEY THEMES
It’s the end of the week which included many Q3 earnings reports that came somewhat mixed, with a few outstanding ones. These included Oriental Weavers Carpet [ORWE], Cairo for Investment & Real Estate Development [CIRA], Al Baraka Bank Egypt [SAUD], and Telecom Egypt [ETEL] which just last reported last night a good set of results. We also remind you of our previous call on Misr Chemical Industries [MICH] which reported a strong Q1 2020/21 bottom line. We had first shed the light on the name back on 29 July, when the stock was trading just above EGP6 a share (now up 88% since then). Incidentally, almost all these companies are within our preferred sectors which we have been reiterating lately, namely banks, education, health care, and telecom.