BUSINESS

SHUAA Securities – Egypt Boosts Research Coverage in one of the MENA region’s most promising markets, targeting all sectors listed

SHUAA Egypt boosts coverage

February 18, 2019
Amr Elalfy
Amr Elalfy

SHUAA Capital psc announced the expansion of the Cairo-based research and analytics taskforce at its Cairo-based subsidiary SHUAA Securities – Egypt (SSE). The firm’s rapidly evolving Research division has devised a unique multi sector-specific approach to stock coverage and initiation, with a targeted scope of covering all sectors listed.

With 2018 having been characterized by heightened volatility by historical measures across the Egyptian and regional markets, the need for more in-depth analysis of market intelligence and trends is growing. Thus, SHUAA Securities – Egypt is now building momentum and working towards helping its clients sail through market volatility, both locally and globally. On one hand, global markets volatility in 2018 has been driven by trade tensions between the United States and China, country-specific woes such as in Argentina and Turkey, and an overall tightening environment. On the other hand, the Egyptian market in 2018 also felt the brunt of a general risk-off sentiment towards emerging markets, despite pressing ahead with a successful economic reform program. Going forward, 2019 will likely be a balanced play on both the macro and the equity fronts. While key macro indicators, such as inflation, will play a key role in setting the scene for economic growth recovery and expansion, certain company-specific factors will drive stock prices.

The SHUAA Securities – Egypt Research division continues to be spearheaded by industry veteran Amr Hussein Elalfy, CFA who joined the Group mid-2018. — SG


February 18, 2019
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