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RESEARCH
Invest in Egypt: The Technical Outlook
Mohamed Hassan Managing Director & CEO at Blom Egypt Investment
Introduction: ‘History Speaks’ The 2019 IFTA Cairo conference ‘History Speaks’ was a success at all levels. A series of fascinating topics was followed by a light and sound show by the impressive pyramids. Patricia Elbaz met Mohamed Hassan at the conference and we are delighted to share some of Mohamed’s research which follows ‘Invest in Egypt’ and looks at the technical outlook for a number of markets. MSCI Emerging Markets Emerging markets moved sharply after the Covid-19 crisis, with the MSCI Emerging Markets index reaching a new high near 1,400 points in February 2021. It then corrected gradually towards the 1,200-point support level (see Figure 1).
Figure 1: MSCI Emerging Markets rise and correction Published on Investing.com, 21/Dec/2021 - 14:53:54 GMT, Powered by TradingView. MSCI Emerging Markets, GlobalIndexes:MSCIEF, W
