رغم تحسن أداء الاقتصاد.. التباين يعصف بمؤشرات البورصة المصرية
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00:00 The "Tabayoun" may have been the main headline for the Egyptian stock market in March.
00:06 Why not? The month has seen sharp fluctuations in the market performance.
00:10 Siam, after its head has recorded a new high, has touched the level of 34,500 points.
00:17 However, the economic decisions that Egypt made on March 6th,
00:22 and above all the freeing of the currency of the Juna,
00:25 and the increase of interest rates by 600 points,
00:28 and the introduction of new certificates with interest rates reaching 30%,
00:32 have reflected the upward trend of the market,
00:35 which is affected by the selling pressure of the institutions,
00:38 with the aim of making profits and taking advantage of the big interest rate
00:41 on the bonds and the balance of the treasury, which has dropped 30%.
00:46 When the interest rates rose, the bonds prices rose significantly,
00:51 and sometimes reached 30-14%,
00:54 which attracted the employees' alliances and the institutions,
00:58 which when we did a calculation of their transactions,
01:00 found that 97% of their transactions were in bonds,
01:02 and 3% in the Egyptian market only.
01:04 Of course, this does not allow for strong liquidity to be created,
01:06 which allows the market or the indicators to remain in the green zone,
01:09 and this was the reason for the decrease in the indicators in many sessions,
01:13 and the sharp fluctuation that made the employees think
01:16 that they should leave the stock market and go to the bank's securities,
01:20 because it is guaranteed and there is no sharp fluctuations in the Egyptian stock market.
01:23 Despite the market performance showing up in March,
01:26 there were positive expectations that the performance would improve in April,
01:30 supported by the results of the positive business,
01:33 and the distribution of the profits that many companies announced.
01:37 In addition to the expectations of the return of local and foreign institutions
01:41 to enter the market after the stock prices became tempting to buy,
01:46 in addition to the government's agreements with Israel in implementing the investment program,
01:50 which was postponed several times in recent years.
01:54 It may be a very good opportunity for the bonds and financial institutions
01:58 to achieve a high return on investment,
02:01 exceeding the high risk of the high-priced lows that the main indicator has seen,
02:07 and thus negatively affected the leading stocks during the transactions of March,
02:12 and God willing, this will push the indicator again towards the rise,
02:16 and test its historical peak at exactly 34,000 points.
02:20 The first quarter of the year was not over
02:23 until the report of Futsi Rassel came out of the Egyptian stock market,
02:27 within the list of the probability of its decline,
02:30 in the hope that the stock market will improve in international indicators,
02:34 with the increase in the ability of foreign traders to convert their money.
02:39 Despite the great fluctuation in the performance of the Egyptian stock market indicators
02:42 during the month of March, positive expectations were made
02:46 that the stock price will contribute to the recovery of the Junaiha exchange rate
02:49 and accelerate the implementation of the government's investment program
02:52 to improve the market performance.
02:54 In the coming period,
02:56 Yassin Al-Gohari, CNBC Arabia, Cairo.