A couple of headlines worth your attention:

Former colleagues of FTX mogul plead guilty: FTX’s former chief technology officer Gary Wang and ex-CEO of Alameda Research Caroline Ellison plead guilty in separate plea hearings on 19 December in FTX wire fraud charges, according to US attorney Samian Williams. (Washington Post)

Croatia is gearing up for a boost to its economy after it adopts the EUR as its official currency at the start of 2023, when it also joins the Schengen borderfree zone, the Financial Times reports.

EGX30

14,385

-0.7% (YTD: +20.4%)

USD (CBE)

Buy 24.68

Sell 24.77

USD at CIB

Buy 24.68

Sell 24.75

Interest rates CBE

16.25% deposit

17.25% lending

Tadawul

10,235

+0.2% (YTD: -9.3%)

ADX

10,306

-0.07% (YTD: +21.4%)

DFM

3,316

-0.2% (YTD: +3.8%)

S&P 500

3,845

+0.5% (YTD: -19.3%)

FTSE 100

7,473

+0.05% (YTD: +1.2%)

Euro Stoxx 50

3,817

-0.2% (YTD: -11.2%)

Brent crude

USD 83.92

+3.6%

Natural gas (Nymex)

USD 5.08

+1.6%

Gold

USD 1,804

+0.5%

BTC

USD 16,830

-0.04% (YTD: -66.7%)

THE CLOSING BELL-

The EGX30 fell 0.7% yesterday on turnover of EGP 1.48 bn (4.3% above the 90-day average). Foreign investors were net buyers. The index is up 20.4% YTD.

In the green: Abu Qir Fertilizers (+4.5%), Juhayna (+2.0%) and CIB (+0.7%).

In the red: Qalaa Holdings (-8.7%), Palm Hills Developments (-7.1%) and Madinet Nasr Housing (-5.9%).

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