Macro Analysis /
Egypt

Egypt Equity Strategy 2023: Despite Challenges, Valuations Do Stand Out

  • Macro backdrop is on a bumpy road to recovery.

  • A catch-up in equities is overdue, supported by EGP weakness.

  • Our top picks are COMI, ADIB, HRHO, EFIH, ETEL, ORWE, CIRA, EFID, CLHO, TMGH, ORHD, EKHO, ABUK, ORAS, and ARCC.

Al Ahly Pharos Securities Brokerage
7 December 2022

We present our equity strategy for 2023 covering:

  • Macro Backdrop| A Bumpy Road to Recovery

  • Equity Strategy| An Overdue Catch-Up Supported by EGP Weakness

  • Data Screens| All-in-One Deck

  • Sector Reviews| Outlook, Hopes, Fears, Top Picks, and Stocks Awaiting Catalysts

We wish you a wonderful 2023.