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00:00 The green color is still in control of the Egyptian markets and we have slightly eliminated it for the EGX30 after we reached 28,973 points.
00:10 From the exchange at the end of the session, 28,874 points, 1% of the gains remain on the EGX30, but the benchmark level continues on the 70 to 7,140 points.
00:25 Among the moves, 2% of the gains are in the 100, the CULA today was almost 5 billion pounds at the end of the session, and the 100 continued the moves positively to 10,018 points, 2% of the gains.
00:46 The most prominent moves were at the end of the session on some leaders and the stock movement, it was on the International Trade Bank at 81.99 pounds, we moved at the end of the session to 82.
00:59 The Mopco movement was on the rise, today it was on 2.5% of the gains, 44.42 pounds, the electric market was on the rise, 32.48 pounds, the Abu Qirla stock market was on the rise, more than 1.25% of the gains.
01:18 The moves were on the positive connections, we moved to 40.51 pounds, Hermes Aziz from Makasib today with 4% to 19.70, Hadeed Aziz settled at 79.03 pounds, and the string company with a sideways move to 32.35 pounds, E-Finance also in this sideways range to 18.52 pounds at the end of the session.
01:42 Makasib on the castle, we see also the export of the activity today, and it has 261.2 million shares, while Eurascom for the holding investment also has almost 200 million, Arabia Investment, the financial peloton, and we also have some priorities on the Egyptian side,
02:02 the pyramid of the hotels is moving on the rise in the export of the gains, there were bigger losses at the end of the session, the export of the losses today, the channel of the financial peloton, lost more than 33% at the end of the exchange.
02:22 In general, we are still watching the movements of the Egyptian markets, and the most important factors that are moving on the market, Mr. Eissa Fath Al-Oudh Al-Muntadab of Al-Qaher, the financial peloton, gives us details, welcome Mr. Eissa, and thank you for being here.
02:39 Thank you, Maysa.
02:42 Let's start with the continuation of the gains today, the market, in your opinion, to what extent is still calculating positive factors that are affecting this rise,
02:55 specifically in terms of the movement by the government to contain the crisis of inflation, the crisis of currency differences between the equivalent price and the main market, and therefore it is still the main refuge for investors.
03:11 I will take the last phrase, the main refuge for investors, in light of the restrictions on the choices of other investments, whether in gold or foreign currency, and the constraints that exist in them,
03:28 the stock market has become perhaps one of the best areas for investors to invest in, and although the volume of the market is not the same as we have seen in previous sessions,
03:41 today we have 5.3 billion pounds, and yesterday we had 6.5 billion pounds, so investors have nothing to worry about but the stock market, especially since,
03:55 the profit margin in the Egyptian market is less than 10%, and we see that the results of the business are multiplying, we have seen banks' budgets, their big profits,
04:12 and this is because they benefit from the rising prices, and therefore they are willing to make higher costs than the cost they are bearing, and this is giving a boost to the stocks.
04:30 At the moment, investors may not have any negative or positive news about the inflation, or the exchange rate, or anything else, and therefore,
04:43 when they say "no news, good news", this makes investors work without any disturbance at the moment, especially with these changes.
04:52 Today, we have seen that Egyptian institutions have returned to the same level of buying with Arab institutions, and perhaps foreign institutions today have a better selling rate than the Arab and Egyptian individuals.
05:05 The castle is gaining more shares than the stock market, and it is performing better than the previous days, is there a reason for the movement of the castle today,
05:20 or is it just a process of a reversal on the stock market, and how much more profits do you think it will gain after these levels?
05:28 At the beginning of the session, the company sent a response to the stock market inquiries about a steel-brick pipeline in Africa,
05:43 and the company clarified that it had already made a plan and it had finished it, and that when it had new news, it would announce it to the stock market according to the rules of the expulsion.
05:55 Perhaps there are some leaks that lead to the matter, and we know that there is news that may be close to this,
06:06 and we have seen this big rush that allowed the price to exceed 15% at the time of the session in the rise.
06:15 So, there is a whole set of news that may be on the way, although the company did not confirm anything.
06:25 Even Johaina today, we are entering the third session at these levels without any clarification from the company to the statement of Mr. Isa.
06:34 Do you think that the share is one of the companies that are working to divide or the inflation levels are also being one of the factors on the share of Johaina?
06:44 Will we see a clear reflection of the inflation levels on the company at the prices of its products?
06:50 And what are the reasons, in your opinion, that are making the investor enter the company today?
06:54 Are the profit returns still considered good and tempting?
06:58 We must remember that we are approaching the month of Ramadan every year, and this is the month of food companies, dairy companies and dairy products,
07:11 which are receiving a lot of money at this time, and which are achieving the largest monthly sales possible at this time.
07:19 This may explain the acceptance of the share, and therefore, in this light, every time we approach the month of Ramadan,
07:26 it is expected that the share may also achieve price increases in the coming period.
07:32 As for the company's inflation, it announced before that it was going to exceed 10% in its products,
07:40 and we saw that this reflects its profits very much, so that it achieves rates above 100% in its profits.
07:48 Dairy companies are not reluctant to add inflation to their products' prices,
07:55 because, as we know, these products are considered to be in demand for a limited number of alternatives,
08:02 and therefore, there is an opportunity to transfer the burden to the consumers.
08:06 Okay, and perhaps the eye will remain on the real estate market in a larger way, Mr. Zaysa, today,
08:12 and we are preparing the stock exchange to place the trading rules on the real estate market.
08:18 How will we see a competitive move before the real estate market is activated, in your opinion, on the shares,
08:24 in a larger way than is expected?
08:26 The real estate market, in general, has achieved good results in the past period,
08:35 and is expected for some other companies that have not moved.
08:39 We saw that Mustafa made a very huge move in the past period.
08:44 There are other companies on the road that may achieve good prices in the coming period.
08:53 The real estate stock exchange is like any other stock exchange.
08:58 In the end, the more it facilitates, the more it will be a market tool,
09:03 and the more it will be a catalyst, but it will show the possibility of marketing to the real estate sector
09:10 in light of the problems that exist in the domestic market at the moment.
09:16 I imagine that there are still some companies that may have made some profits today,
09:22 but I think that in the coming period, they may regain their activity.
09:27 Today, we are facing a historic visit from Turkish President Recep Tayyip Erdogan to Egypt.
09:33 It is the first visit in 11 years, and since the passing of the current president,
09:41 to what extent is Egypt able to attract Turkish investments during this visit?
09:47 What are the challenges that we may face in front of the Turkish investor, Mr. Issa?
09:52 Will the exchange rate be a barrier to increasing these investments?
09:57 First of all, there are Turkish investments estimated at 2 billion dollars in Egypt at the moment,
10:06 so it is not strange for the Turks to invest in Egypt whenever they want to increase it.
10:13 Perhaps, the previous period had some kind of reduction,
10:16 but this did not prevent the trade relations from working at their normal levels and increasing every year.
10:23 Perhaps, because Turkish products are known to Egyptians,
10:28 and their prices are in the range of the prices of Chinese goods.
10:33 The Turks have a great opportunity to enter Egypt in many fields.
10:39 The important thing is that Egypt itself is beginning to adjust its economic structure in the coming period,
10:46 considering that the current structure is a target for investors,
10:50 even local investors are moving abroad at the moment,
10:54 and therefore, the economic structure must be adjusted to the situation that was in place in the past years,
11:01 so that investors can come.
11:04 I personally do not think that the problem of the exchange rate is the first obstacle for investors,
11:09 whether inside or outside, as much as the problem of the economic structure is not a lie.
11:15 We will continue to follow this visit and the long-awaited meeting between the Egyptian president and his Turkish counterpart,
11:22 in a historic visit to Egypt.
11:26 Thank you, Mr. Fathi, the member of the Cairo Company for the circulation of financial papers.