KALAM EGYPT VIDEO.mp4

CNBCArabia

5/21/2024

Transcript

00:00About the closure of the Egyptian indicators, we have with us from Cairo, Mr. Mohamed Kamal,

00:04a member of the board of the elite company for financial consultations.

00:08Mr. Mohamed, welcome with us.

00:10It is clear today that there is a flow of liquidity different from the previous sessions,

00:13and from the beginning of this week, it is exceeding 5.7 billion.

00:17But despite the liquidity, the indicators did not remain in the green zone,

00:22and we are back to quick profits, but it is simple compared to the previous sessions.

00:27Today, how do we see the distribution of this liquidity in the market,

00:30and to what extent can it continue to rise?

00:35Welcome, Ms. Al-Mushahedini.

00:37In fact, the recent market is in a state of equilibrium.

00:41There are a lot of decreases in the sessions,

00:44and some of the sessions are a little higher.

00:49Perhaps the market is re-pricing itself in one way or another.

00:53Of course, there are some geopolitical problems,

00:56such as waiting for economic decisions,

00:58waiting for the meeting of the Monetary Policy Committee

01:01with the Central Bank at the end of the week.

01:04I think all these things make the market a little unstable.

01:08But if we talk about the market in an artistic way,

01:11the 27,000 mark is clear that it is a very important position,

01:18and whenever the market rises at this point,

01:22there is resistance, or there is a sell-off at this point,

01:26and we start to see a rebound.

01:29Today, the rebounds are light,

01:32but let's not forget that the 27,000 and 27,500 mark

01:37is an important resistance point in the Egyptian market,

01:40in my opinion, in case it rises in a large volume.

01:43I think we can target the 30,000 mark again,

01:49or the 30,000 mark at the Egyptian stock exchange.

01:54I think we can achieve it soon, in the coming weeks, God willing.

01:59Then, the low point is the support point,

02:02which is also important in the market.

02:04As we always say, we are at an important point,

02:07and I don't think we can break it.

02:10I think at the 25,800 or 25,000 mark,

02:14the market can move in these directions,

02:18and we can break the 27,500 mark,

02:23but as you pointed out, it is very important

02:27to increase the liquidity, or the large cash flow,

02:32and go back to the trading volume,

02:34which is from 5 to 8 billion in a single session.

02:37Today, some people wonder why there is pressure on the stock market,

02:41despite the announcement of the restructuring,

02:43as well as the financial monitoring decisions

02:47for the shareholders to share the local currency,

02:50not the dollar, Mr. Mohamed.

02:52How do we expect the share price to grow

02:54until the restructuring is completed,

02:56in your opinion, in terms of price levels?

03:01The stock market is the talk of the hour,

03:03and as they say, the middle ground in financial papers

03:07is the talk of the hour.

03:10I would like to thank CNBC,

03:12which was the first to have a discussion with the founder

03:17and the Chairman of the Board of Directors, Mr. Heikal,

03:21and then we had a discussion with the Chief Executive Officer,

03:23explaining some of the important issues,

03:25more than the explanations provided by the stock market.

03:27Perhaps some young investors can't explain these things,

03:32so I think you are very clear about this.

03:35I would like to thank the management of CNBC,

03:38which I consider to be a school of the media economy in the region.

03:42Of course, the rise of the stock market,

03:45which was the talk of the hour recently,

03:49was very significant,

03:51especially from my point of view,

03:53that it was proposed, or the beginning of the proposal,

03:55in a way that is close to the young investors,

03:58but with the arrival of today,

04:00or with the arrival of the decisions

04:02that we will write religion in the Egyptian pound,

04:04perhaps this was the biggest obstacle,

04:06and the young investors are calling out

04:08that those who want to write religion

04:10will have a conditional requirement

04:12to be able to save a difficult currency,

04:14or to be able to save dollars

04:16in order to be able to write religion,

04:18or to be able to buy the right of religion.

04:20Today, with the availability of the Egyptian pound,

04:23and its access to all financial paper companies,

04:26I think it has greatly facilitated the process.

04:28I believe that we can see

04:30the acceptance of some investors,

04:33and especially here,

04:35the discussion here on this point

04:37will be divided between two directions.

04:41The medium-term investor in the Egyptian pound

04:45is the one who will start with it

04:47the new journey,

04:49who will start buying religion with it,

04:51and still, as Mr. Khazandar

04:53explained a little earlier,

04:55the process or the transactions that will take place,

04:58this is from the medium to the long term

05:00in the Egyptian pound,

05:02and we can see the gains

05:04in the medium and long term,

05:06especially after the Egyptian pound

05:08has paid off its debts,

05:10I think we will start with a clean sheet,

05:12or it will have a blank page

05:14and it will be able to achieve

05:16very good numbers with it.

05:18As for the counter-investor,

05:20or the investor who is in

05:22certain numbers,

05:24I don't think he will start this journey,

05:26and this is the problem he has

05:28in the current period.

05:30The Saudi electric company,

05:32I mentioned that it was appointed,

05:34but the fact is that the Saudi company

05:36issued a statement,

05:38denying the appointment process

05:40with Tukbassioni and Hermes

05:42as financial advisors

05:44in the UAE electric show.

05:46But the company is still studying

05:48this show,

05:50the question is how much

05:52its impact on the Egyptian pound

05:54will be,

05:56and how much will it affect

05:58the Saudi electric company

06:00in this field,

06:02in the process of diversifying

06:04its income sources,

06:06and specifically the contributors,

06:08will they agree to the offer

06:10that we are talking about,

06:12the dollar,

06:1450 cents for the share.

06:16Let's say that the

06:18Saudi electric company

06:20is one of the largest companies

06:22in the Middle East,

06:24it has achieved a very high

06:26profitability,

06:28it has very big plans,

06:30and in the pipeline

06:32in the coming period,

06:34it has very big plans,

06:36and it took some business

06:38in the African continent

06:40in a very big way.

06:42Let's say that today,

06:44is the offer satisfied

06:46with the small investors

06:48or the investors on the screen?

06:50I think that the dollar,

06:5250 cents,

06:54will satisfy the small investors

06:56with this offer,

06:58especially that we repeated

07:00this offer,

07:02and the price of the dollar

07:04was about 20 or 30 pounds,

07:06so today we repeat

07:08such offers,

07:10and the dollar price

07:12is about 46 or 47 pounds,

07:14so I think we can see

07:16whether the small investors

07:18will be satisfied

07:20with the increase

07:22without a doubt.

07:24Of course, Sweden is one of the

07:26important and leading companies

07:28in the region,

07:30and its profits are very important,

07:32and I think that we will see

07:34acquisitions not only of

07:36the Swedish company

07:38or this sector,

07:40but also in some sectors

07:42we can see acquisitions

07:44from banks and foreign companies.

07:46Thank you, Mr. Mohamed Kamal,

07:48a member of the board of the

07:50Al-Juhari Bank,

07:52our correspondent in Cairo.

07:54Thank you.

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