عمليات التصحيح تهبط بالمؤشرات المصرية.. و"EGX30" يغلق عند أدنى مستوى في شهر
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00:00 So, he explains to my guest, Mr. Eissa Fathi, the candidate for Cairo's financial papers.
00:08 Welcome, we have with us today a beautiful woman, with a market situation that is unfortunately
00:15 declining, Mr. Eissa, anyway.
00:17 Why are there stocks that we really talk about, Jania Arbaa, there are stocks that we talk
00:22 about that are recovering, there are stocks that we talk about that are collapsing, there
00:25 are stocks that we talk about that have only declined?
00:29 We said last week that what is happening is a correction, and not a gain for most.
00:39 We said that the main reason was the exchange rate in the equilateral market, which was
00:44 feeding the uprisings that were strong in the past period.
00:50 There was a lot of water in the river in the past period, we saw that interest rates
01:00 rose, we saw that there was a correction, all of this made all the givings that the
01:07 stock market was going through before in evaluating the stocks, change completely.
01:10 And therefore, the market, we said in the last four, that the market is still looking
01:15 for a new identity, or a strong base that it can stop at, and then it can start to
01:22 see, to go up, to go down a little.
01:26 So the market now is trying to re-evaluate the stock market again, especially the
01:34 institutions.
01:35 We have today the Egyptian institutions that have a pure selling, the foreign ones
01:39 only have a pure buying, the Arab ones also have a pure selling.
01:44 Maybe the individuals from all nationalities have a pure buying.
01:49 This shows the difference in attitudes between the institutions, and some of them, and
01:55 between the individuals and all the institutions.
01:58 And therefore, there are institutions that re-evaluate their issues through research
02:04 administrations, and you find that the stock market, according to the new situation,
02:08 must decrease, and get rid of what it can get rid of, depending on the market conditions.
02:13 And this, we saw, affected even the trading values themselves.
02:17 There is a blockage, the market is now working at the rate of the energy that it had
02:21 before that.
02:23 At the same time, we see that the competition...
02:25 Where did the energy go, Mr. Zeissa?
02:27 Where did the energy go?
02:28 In Ramadan?
02:29 I don't think that Ramadan is responsible for a large part of it.
02:35 Ramadan could be responsible for 30% of the market going down, 6 billion, 5 billion,
02:41 but we've seen 3 billion in a series of recent periods, and I'm afraid that we could
02:47 lose even this number in the coming period.
02:51 Maybe the process of the 30% market going down could be a strong competitor for the
02:57 financial papers, after the financial papers were competing for gold, dollars, or
03:03 foreign currencies in the past period.
03:06 So we are now in a phase of re-evaluation of the principles, and therefore everything
03:11 is coming, a process of going up for a moment, or a day, and then we see the next day
03:21 to collapse in all the gains that happened in the previous days, like what happened today.
03:28 49 billion pounds we lost today from the market value in the stock market.
03:34 Who paid the biggest price?
03:36 I can see that this is happening on a stock in America, like Apple, for example,
03:41 it loses, it goes down from 3 trillion dollars, for example, it becomes less, then Microsoft
03:46 comes and takes it away, and it comes to the trillion dollar club.
03:50 But the whole market is being distributed 49 billion, who lost the most from the market value?
03:57 Of course, as you know, this is a loss in the paper, not a real loss.
04:03 100%
04:04 Yes, but it is usually the individuals who suffer the most from these kinds of crises,
04:12 because the individual is naturally volatile, unlike institutions, which may have a different
04:18 vision than individuals, which can bear a fall, and can do a process of accumulation with
04:23 each fall, in preparation for any rise that may happen, and start profit-taking.
04:29 But the individuals are the ones who are under more pressure, especially that the shock
04:36 is that a lot of money has been invested in the past period, and therefore there is no
04:41 possibility of getting out easily, as we see in the current period.
04:44 And you made me sad, Mr. Issa, is there a big sadness in the market because of what is happening?
04:47 Of course, no one stays famous after what happened.
04:51 Excuse me, excuse me, I am not talking to a psychiatrist.
04:54 Is there a feeling of not being able to get out of the market, Mr. Issa?
04:58 No, I can't get out, I can't stay stuck in the middle.
05:02 Exactly, especially that the gold that they were betting on has fallen.
05:09 The currency, as you can see, its price is now like a monolith, so there are no other
05:15 fields other than this field, and there are people who remain consistent, because where
05:19 will I go?
05:21 So, come with me until we see what the end of it is.
05:24 Like a woman who says, "Stay a man or stay a wall."
05:28 Okay, Mr. Issa, there is no such thing.
05:31 So where will we go?
05:33 So, who wants to get out?
05:35 Who entered and left, where will Mr. Issa go in Egypt today?
05:38 I mean, who took the lights from the stock market?
05:43 I think the witnesses now may have withdrawn part of the lights that were in the stock
05:51 market, but I think there are no other features at the moment.
05:57 Okay, let's see the testimonies, what our producer colleague, Hamad Mwafi, did.
06:04 I knew you would answer this question, because he studies the psychology of our guests and
06:08 their way of thinking, and he prepared a presentation for us.
06:13 I hope you will attend with us, and I thank you, Mr. Issa Fath Al-Oud Al-Mutada,
06:17 the Central Bank of Cairo to pay for the financial documents.