السبعيني المصري يرتفع للجلسة الخامسة على التوالي

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00:00 on the movements of the stocks in the next period.

00:05 We will also talk in detail about this topic and the movements of the Egyptian market.

00:10 We have with us Mr. Mohamed Fathallah, the founding member of Bloom Egypt,

00:14 for the financial papers.

00:15 Mr. Mohamed, welcome to us and thank you for being here.

00:18 The beginning of a new month for the Egyptian stock market is returning

00:22 below the level of 17,600 points.

00:26 What do we expect in your opinion for August?

00:29 Especially since we are seeing a jump in liquidity levels of only 3.5 billion.

00:36 How can we explain the reasons for this rise in the liquidity of the beginning of the month?

00:41 Of course, there will be non-repeated operations or special operations.

00:51 However, the general atmosphere in the market is inclined to calm and low incentives in the market.

01:01 The desire of investors is not strong.

01:04 We are waiting for foreign investments because there are many stocks below the level.

01:10 We are waiting for investments because the market value increases in the sectors.

01:16 We are waiting for investments because if someone wants to diversify his portfolio,

01:21 he can find many sectors to invest in and not all the house is in one basket.

01:26 We are waiting for many things because the stock market has power.

01:32 We are waiting for credibility because we must, with the dates of these investments,

01:37 these are sacred dates, we must put them out because of the credibility of the investors,

01:44 investors and foreign investors, we must put them out on time.

01:47 I don't think the delays will make us postpone the investments once and for all

01:53 because this will certainly affect the reputation of the Egyptian stock market.

01:58 We need to pay attention to the stock market.

02:02 We have said a lot about the stock market that we have neglected and this will affect us.

02:08 We also said that it will have a negative impact

02:12 but today the stock market is growing and flourishing because of the investments it has made

02:19 through new currencies and new stocks.

02:25 We can do many things for the stock market.

02:27 We hope to take care of it in the coming period and see many good things in it.

02:32 We cannot ignore the upcoming decision at the end of the week, Mr. Mohamed.

02:38 During the sessions this week, how much will there be more movements and pressures on the index

02:44 before the exit of the monetary policy for the Egyptian central bank?

02:49 I don't think the story will have a direction, whether up or down, during this period.

02:58 I think the whole story will go flat, a little up and a little down

03:06 until there are strong things that will move it.

03:10 We hope that the direction or most of the predictions will be in the higher highs

03:18 from here to the end of the year.

03:20 Before anything else, we are waiting for economic progress

03:25 but the leading stocks are waiting for a break in their prices

03:30 because they are valuing them without the level.

03:33 We are seeing steps in the central bank regarding the industrial sector.

03:40 The government decided to reduce the gas price for industrial sectors

03:46 and for companies by 20%, Mr. Mohamed.

03:50 How much will it affect?

03:52 All the signs say that, especially the crude sector,

03:56 and we are seeing some pressures on the stock market,

04:00 that companies may be able to reduce their exports because of this decision.

04:06 How much will there be another damage to the industrial sector today because of this step?

04:11 Of course, it will affect negatively on the index,

04:18 this is the first point regarding the stock market.

04:21 Of course, I am afraid of the whole story of electricity and its impact,

04:26 and the impact of the back-up.

04:30 We hope that it will be a barrier and we can get through it

04:33 because the impact is not only in the crude sector.

04:36 As you mentioned, the sector is affected and its sales are affected

04:40 and its sales were in dollars, so the story is getting worse.

04:44 Of course, if we look at the figures,

04:47 we have other people working with gas,

04:50 we have the heavy industries, if we talk about the glass industry,

04:53 the ceramic and porcelain industries,

04:56 if the same story happens, it will affect,

04:59 if someone exports, it will be disrupted,

05:02 even if the story is getting worse.

05:05 That's why this story is very important to take care of,

05:10 and we hope it will disappear because of another kind of return,

05:14 and of course, momentarily or now,

05:17 or at the time we are in, there will be losses,

05:20 but this will be achieved through a return to production.

05:26 Yes, on the other hand, will we see the ability of companies' demands

05:30 to have a decision in less than a month?

05:34 Mr. Mohamed, can companies today pressure the government

05:38 not to extend the gas reduction for more than a month

05:42 because of the current market conditions?

05:46 I hope so.

05:49 But of course, we were preparing 300 million dollars

05:54 to get gas, and all this time has been taken from us.

05:58 I think the crisis needs a small solution

06:01 because it looks like a desperate crisis.

06:04 Yes.

06:05 Okay, back to the results.

06:07 We see that the profit is increasing,

06:10 with nearly 1.3 billion pounds in the financial year 2022-2023.

06:16 In general, how are we reading today with AMOC?

06:20 Despite the results, the remaining share of some of the pressures today,

06:24 how much do you think the global prices of oil products

06:27 contributed to the increase in AMOC profits during this period?

06:31 And can it continue for at least the end of this year, Mr. Mohamed,

06:35 with this positive performance?

06:38 Of course, it is the sales pressures that are frightening the investor

06:42 because he sees what happened in his expectations.

06:47 The companies that produce these products

06:52 got them because of electricity or gas.

06:57 This is the story.

06:59 So the fear, of course, is that the story of a low energy reduction

07:07 will continue for AMOC in the same situation.

07:10 Of course, AMOC and the consumer,

07:13 the company's interpretation of this positive performance,

07:16 the increase of 11%,

07:19 in two ways, the price of oil products has increased,

07:22 this is the first position.

07:23 In the second position, the price of spending has increased,

07:25 which has led to the positive performance of AMOC's financial results.

07:28 We hope that there will be no obstacles

07:31 that will prevent this progress from taking place.

07:36 Thank you, Mr. Mohamed Fathallah,

07:40 for joining us.

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