بورصة مصر تراهن على خفض الجنيه لمواصلة مكاسبها التاريخية
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00:00 Unprecedented levels of inflation and a situation of a huge one that the financial market is experiencing in Egypt.
00:07 More than 77% rise in the EGP/EGPYC index since the beginning of the year and over 83% rise in the index of small and medium-sized companies.
00:17 The rise was short of a number of stocks but it had strong points, 25,000 points, and may reach 27,000 points, which increases by the end of the year.
00:30 A scene that is led by the many fluctuations of inflation and the expected decline of the EGP.
00:36 The market has a big supply-demand relationship with each other, which contributes to the rise of the stocks. Also, the prices of the dollar and the expected prices of investors have moved with the possibility of another rise in the price of the dollar in exchange for the EGP or another increase.
00:51 All of this has a positive impact on the financial market, which is still in a good position to target new areas.
01:01 Although the historical peak has been achieved, it is still in a bad position to achieve a new peak historically in the long term.
01:09 We have, by the end of this year, 27,000 points as a target.
01:14 The new points and the new indexes have brought a sharp distribution, which has reached 50 billion pounds over the first 11 months of the year, with the support of good results of the companies that are in control in most sectors.
01:28 To test the market, a new level of liquidity has exceeded 5 billion pounds in some sessions.
01:34 The sectors that are in exchange for this are the banking and non-banking sectors, the oil and gas sectors, and real estate.
01:44 We have seen that the oil and gas sectors have exported most of the public transactions and we have seen a drop in the number of companies that are in charge of this sector.
02:04 We have seen that the real estate sector has exported again and has the banking and banking sectors.
02:16 Although the EGP and the banks have controlled about 85% of the transactions, the market capital has increased by about 79% since the beginning of the year to exceed 1.7 trillion pounds.
02:30 Towards new levels and peaks, this is how the financial market in Egypt will be at the end of the year, with the support of the local currency, which has motivated many people to buy stocks.
02:43 Farouk Youssef, CNBC Arabia, Cairo.