Who doesn't love Mondays!? Almost always up Monday keeps working like a charm... even better almost always up first day of the month comes tomorrow. Egypt is so last week.
Until this morning, I did not even know Market Vectors Egypt (EGPT) existed. Based on the average volume of sub 50,000 shares a day and less than $12M in assets, I was not the only one.
But for those with cast iron stomachs and 5 year time horizons I would assume barring a fireball in Egypt, a position today might offer some nice upside a few years down the road.
Market Value (USD)
% of net assets
|Commercial International Bank Egypt SAE COMI EY||160,224||989,192|
|Orascom Construction Industries ORSD LI||25,572||883,325|
|Orascom Telecom Holding SAE OTLD LI||269,451||845,746|
|Talaat Moustafa Group TMGH EY||685,124||758,821|
|Egyptian Financial Group-Hermes Holding HRHO EY||151,426||676,970|
|Telecom Egypt ETEL EY||238,577||648,384|
|Egyptian Kuwaiti Holding Co EKHO EY||470,748||589,569|
|Juhayna Food Industries JUFO EY||631,632||584,550|
|Ezz Steel ESRS EY||202,446||548,028|
|ElSwedy Cables Holding Co SWDY EY||69,322||539,060|
Link to the product here for those interested.