"الثلاثيني" المصري يسجل أكبر مكاسب يومية منذ بداية فبراير

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00:00 We have Mr. Issa Fathi Al-Oudou, a member of Cairo's Financial Services Board.

00:07 Welcome to our show, Mr. Issa.

00:10 Today, we saw good levels for the market, above 28,000 points, before we start to reduce them.

00:17 The CIO is only at 6 billion.

00:19 Does the market consider that it is returning to its natural state after the decision to raise interest rates?

00:24 Or is there still more uncertainty and regression?

00:30 Of course, it is gradually returning.

00:33 Even yesterday, the CIO's ratio was higher than today, more than 7 billion pounds.

00:38 Today, it is 6.3 billion pounds.

00:41 I think we are moving in the direction of rebalancing again,

00:47 and returning to the previous upwards periods.

00:53 This represents an opportunity for those who missed the train in the past period,

00:59 especially in many stocks.

01:01 But I notice that the fluctuations are still very high in many stocks.

01:07 Today, we saw that the ZERO is more than 50%.

01:13 I find this in many stocks.

01:16 Mostafa went up by 40%.

01:19 He benefits from the news about these companies,

01:23 and he can make a profit during the one session, clearly.

01:28 As I mentioned in the introduction of the episode,

01:32 foreigners today, unlike the previous sessions, had a clear buying trend.

01:37 Egyptian institutions also reversed their buying trend.

01:41 Maybe Arab institutions and the people who saw them,

01:44 who had a negative performance, had a clear selling trend.

01:49 They bought foreign institutions from them.

01:53 I think this is a good session.

01:56 I think that things will improve in the coming period,

02:00 especially in light of the news that is circulating about the agreement with the fund,

02:05 the talk about the famous "Head of Wisdom",

02:08 and the news about the companies, especially in the real estate sector.

02:14 All of this is a big deal in the market,

02:17 which makes it clear that things are on their way to being re-adjusted.

02:22 - We heard from the Minister of Planning yesterday

02:26 that today we might see a closure,

02:29 a progression to a nationalization,

02:32 and also what Mr. Eissa has been talking about.

02:35 He said that the government started to speed up the selling of real estate in early 2024.

02:41 - The problem with the government is that it works under pressure,

02:50 but it doesn't work well.

02:53 This pressure makes it sell real estate at low prices,

02:57 because it is like a candle that is burning,

03:02 and it tries to extinguish it in any way.

03:06 I think that even if the government relaxed a little,

03:11 it might slow down the process in the coming period,

03:16 especially since the nationalization will sell stations,

03:20 and not be a stock in the stock market.

03:23 It has already started to sell as a station.

03:26 Some people have bought it, and some people are buying what is left of it.

03:30 As we know, the dominant element in this matter is foreign currency.

03:35 Therefore, only an anchor investor or a strategic investor

03:40 will buy these stations.

03:44 - Mr. Eissa, today the banks are raising interest rates

03:49 on savings, deposits and certificates accounts,

03:52 in conjunction with the central decision to raise interest rates to 200 points,

03:57 to what extent is it able to attract new liquidity,

04:01 and maybe even new customers and new bankers

04:05 for these certificates and accounts?

04:08 - People generally open accounts,

04:17 regardless of whether the interest rate is high or low,

04:20 because in the end, as we know,

04:23 the interest rate is far from the inflationary level,

04:27 and therefore the return is negative.

04:30 But people put their money in the banks and work on something else.

04:34 They might work on the stock market,

04:36 move the money from one direction to another,

04:39 to be closer to the idea of running deposits,

04:42 even though there are still returns on running accounts.

04:46 So, the idea of money accumulation is increasing with time,

04:51 even as a kind of culture of people,

04:54 which is important not to be exposed to problems,

04:59 especially the one-time interest rate,

05:02 which is the lowest.

05:04 All these things cause panic among people,

05:07 especially when they are dealing with crises,

05:10 and this creates an impression that there are problems along the way.

05:14 But when things are done calmly,

05:17 no one is bothered,

05:19 and this is a kind of development,

05:21 not a benefit from a crisis or a way out of a crisis.

05:24 - Today, the investor is asking Mr. Issa,

05:27 which sectors can be used to be far from the increase in the cost of borrowing

05:34 after the increase in interest rates?

05:36 Will these sectors be the main driver for investors,

05:40 or will they attract investors to them,

05:43 compared to other sectors,

05:45 which may be affected by the increase in the cost of borrowing?

05:50 - We see that the real estate sector is flourishing lately,

05:57 in the last two weeks.

05:59 We have sectors that can be used again,

06:03 such as fertilizers and chemicals,

06:06 like aluminium,

06:08 which is a kind of commercial commune,

06:13 and it is very likely that things will improve in the near future,

06:17 especially since there are papers that will increase the capital.

06:21 Another thing is that many companies now resort to increasing capital

06:26 rather than to borrowing,

06:28 because the increase in the cost of borrowing is now expensive,

06:33 and this creates a problem for companies in their products or services,

06:38 so that they raise prices,

06:40 and this creates a kind of friction.

06:42 But when they work with equity,

06:44 they become more competitive,

06:47 and they don't pay anything to anyone,

06:49 so they work for profit,

06:51 not for the cost of financing.

06:53 I see that the real estate sector,

06:55 even the non-financial financial services,

06:59 in the coming period,

07:01 will be under the influence of the market,

07:03 so these companies will achieve a lot of willpower,

07:06 which will be evident in the coming period.

07:09 The cement sector is still there,

07:12 and maybe the iron sector,

07:14 due to the low prices,

07:16 will start to decline a little,

07:18 but not the dramatic decline

07:20 that will be associated with the price decline itself.

07:24 So if things happen in the entire economy,

07:28 I think there are many things that will make people accept,

07:32 even if they don't rise,

07:34 they may rise in the coming period.

07:36 Thank you Mr. Issa Fathahi,

07:38 a member of Al-Qahira's financial team.

07:41 You were with us from Al-Qahira.

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