الثلاثيني يسجل ثاني خسائر أسبوعية بـ5% .. والقيمة السوقية تفقد مستوى 1.9 تريليون جنيه
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00:00 "I'm here with Mr. Mohamed Abdelhadi, the director of the financial documents management
00:06 firm.
00:07 Welcome, Mr. Mohamed.
00:08 I don't want to describe the situation as bad, but it seems that we have accelerated
00:14 when the market went up to 36,000.
00:17 Do you think that what is happening now is the return to normal?
00:21 And we are still afraid that we will have to wait for more corrections."
00:25 "First of all, if we look at the EGP during this week, we have seen that today there
00:32 were the biggest declines.
00:34 This did not happen in the past weeks.
00:37 Even the Thursday session was changing its direction a little.
00:41 The Thursday session always had declines and the Thursday session had some consistency,
00:47 but today we have seen a huge change.
00:50 The 30-day index recorded the biggest decline in a week.
00:55 We started at 29,060, and today we are talking about 27,559.
01:00 The 70-day index, which was consistent, was at the beginning of the week at 6,689, and
01:07 today we are talking about 6,399 or 6,400.
01:10 The head of the financial department, Mr. Mohamed Abdelhadi, said that the EGP is not
01:16 at the same level as it was in the past weeks, and that is why we are talking about a decline
01:21 of 8 billion.
01:22 I was with you last Thursday, and we were talking about a decline of 939 billion.
01:28 Today we are talking about a decline of 859 billion, which is about 8 billion loss during
01:34 the week.
01:35 Does the EGP correct its position that its prices have risen to the current numbers?
01:41 Was there a price surge?
01:46 I want to tell you that of course not, because in the past period, the EGP was linked, and
01:53 I talked a lot about this topic, to the dollar.
01:58 The dollar price in the market was closely linked to the EGP, because it reprices and
02:05 reduces the EGP according to the dollar price.
02:11 Now there is a decrease in the dollar price, and therefore the dollar prices may decrease
02:16 more than that.
02:17 I hope that this is the logical scientific explanation for people who hold the dollar
02:26 as a balance and the pounds, and adjust the price.
02:31 I am afraid that there is a situation…
02:35 Adjust the price of the companies according to the current dollar price.
02:41 There is a situation of a surge in the dollar price.
02:45 Mr. Mohamed, we have been with you for a week and a half.
02:49 We were 50, and the product manager helped me.
02:52 Today we have 47 pounds for the dollar.
02:56 We have been with you for a week and a half.
02:59 Why are we still decreasing?
03:02 Why are we decreasing?
03:06 Because all the positive news about the dollar, yesterday the prime minister was in a hurry
03:13 or there are dollars that have entered the Egyptian market, another 10 billion that came
03:20 from the head of wisdom during the previous period.
03:24 There is a new payment from the dollar that will enter the Egyptian market according
03:30 to the statements of the prime minister.
03:33 So, the expectation, we are investing and the economy according to the expectation.
03:39 Federal reserve, when it makes its decisions, it makes them according to the expectation
03:44 and not to the current one.
03:46 The analysts expect a decrease in interest.
03:49 The analysts expect a decrease in the prices of the consumers.
03:52 The Egyptian economy expects a decrease in the price of the dollar due to the dollar
03:58 gain that will be achieved in the coming period.
04:01 So, the actual economic expectation is that the price of the dollar will decrease more
04:05 than 47.
04:06 This is economic.
04:07 What is the current price of the Egyptian economy?
04:10 What is the current price of the economy?
04:13 The pound will increase and the dollar will decrease.
04:16 So, what is the actual...
04:23 The dollar will decrease based on what?
04:26 Based on the decisions of the US federal government?
04:29 Not the decisions of the US federal government, but on the dollar gain that will enter the
04:34 Egyptian economy, another payment from the head of wisdom.
04:37 The head of wisdom is about 35 billion dollars.
04:40 We took about 10 billion dollars and there is a payment coming, I think, in the next
04:45 month or so.
04:46 So, there is another payment from the head of wisdom.
04:49 So, what is the expectation?
04:51 The expectation is that there will be a decrease in the price of the dollar.
04:55 In addition, the Egyptian foreign exchange transactions had a record of 33 billion dollars.
04:59 We recorded almost 20 billion dollars during the previous period.
05:02 It rose to 28 billion dollars.
05:04 So, a dollar gain will enter the Egyptian economy.
05:07 So, the Egyptian companies will re-price and re-stock them according to the current
05:12 price of the dollar.
05:15 This is what explains the sale of the Egyptians specifically.
05:19 The Egyptians are not the only ones who sell.
05:23 Unfortunately, there is a big misunderstanding about the Egyptian companies.
05:30 Today, they are selling at a difference of about 258 million pounds.
05:35 The Arabs are selling at a difference of about 275 million pounds.
05:39 The foreigners, although there is bad news for the economy, and that is that Fudsi Russell
05:45 today said that she will put Egypt among the low-ranking companies in the 8th class with
05:51 Pakistan.
05:52 So, I expected that foreigners would start selling today.
05:56 I found a difference of 74 million pounds.
05:59 Unfortunately, the Egyptian companies, with the overall economic news for the Egyptian
06:05 economy, today, a difference of 258 million pounds.
06:08 I want to point out other reasons.
06:11 Today, we see that the Egyptian economy has lost 3.3 billion pounds.
06:19 There is a very strong explanation.
06:21 There is a period when the Egyptian stock market is in a bad situation, as well as all
06:25 the other markets in the world.
06:27 Especially, the Arab countries, such as Abu Dhabi and Dubai, are experiencing the same
06:31 situation as Saudi Arabia.
06:32 When there are short-term losses in the Egyptian market, we have short-term losses.
06:35 We have a short-term loss in the Egyptian market.
06:38 We have a short-term loss in the Egyptian market.
06:41 We have a short-term loss in the Egyptian market.
06:44 We have a short-term loss in the Egyptian market.
06:47 We have a short-term loss in the Egyptian market.
06:50 We have a short-term loss in the Egyptian market.
06:53 We have a short-term loss in the Egyptian market.
06:56 We have a short-term loss in the Egyptian market.
06:59 We have a short-term loss in the Egyptian market.
07:02 The president of the ECB said that the stock market is not only a financial sector, but
07:07 there is another sector, especially the investors, which you have not seen since 2009.
07:13 He is honest.
07:15 He is honest.
07:19 He said the truth.
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07:27 He is selfish.
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