The Egyptian Exchange (EGX) indices reached new historic levels during the week that ended on 16 November, as the financial reports season showed leading companies in the market achieving high profits.

Fitch Ratings has downgraded National Bank of Egypt's (S.A.E.) (NBE) Long-Term Issuer Default Rating (IDR) to 'B-' from 'B'. The Outlook is Stable. Fitch has also downgraded the bank's Viability Rating (VR) to 'b-' from 'b' and Government Support Rating (GSR) to 'no support' from 'b-'.

Fitch Ratings has downgraded Commercial International Bank (Egypt) S.A.E. (CIB) 's Long-Term Issuer Default Rating (IDR) to 'B-' from 'B' and its Viability Rating (VR) to 'b-' from 'b'. Fitch has also downgraded CIB's Government Support Rating (GSR) to 'no support' from 'b-'. The Outlook on the IDR is Stable.

The Egyptian Exchange (EGX) started on Sunday trading treasury bills (T-Bills) on the secondary market, according to a press release.