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00:00from Cairo, Mr. Mohamed Kamal, a member of the board of directors of Elite Financial Consultants.
00:05Welcome.
00:06Mr. Mohamed, let's start with you, with the reason that pushed the market in the opposite
00:11direction from yesterday's closures, and today, with what came of these referendums.
00:17Welcome, Your Excellency, ladies and gentlemen, maybe the market today, or the referendum
00:25today, did not come contrary to expectations, maybe yesterday's session was contrary to
00:30expectations, or it was contrary to the direction we are going in.
00:34The truth is that even before the holiday, there were several sessions, or during previous
00:39sessions, there may have been cases of confusion, cases of instability in the financial paper
00:46market.
00:47Perhaps, in view of geopolitical tensions, I do not resort to or do not go in the direction
00:55of the referendum, which is to raise the interest rate, because in fact, it may have been denied
01:00on the same day, and the Cabinet also denied these news, and in fact, the market may have
01:05continued the process of the referendums or the phase of the referendums.
01:10In fact, the geopolitical tensions that are present on the field, and especially the news
01:18conflicts, and the news in a momentary way about the moods or tensions in the Gaza Strip
01:25in Palestine, all these things may have a great impact, of course, on the fluctuations in the
01:31financial paper market, which may be the biggest impact, and especially with the beginning
01:37of the escalation of the situation, the market may have started to move negatively, or it
01:43may be able to break the 30,000 barrier below, perhaps in conjunction with such news.
01:49In fact, yesterday's session was in a state of relative calm or a state of rise, given
01:55that it was expected that during the previous vacation, it was expected that some tensions
02:01may occur, or the atmosphere was not clear, as they say, so it was expected that something
02:08would happen, so it was expected that yesterday's session may have a sharp decline.
02:14When this did not happen, the market began to rise significantly, reaching the 27,000
02:18barrier, which is a psychological barrier and a barrier in artistic analysis or artistic
02:22indicators that it is a very important point of resistance.
02:26Go ahead.
02:27I'm sorry, I don't want to interrupt you, but before we get out of this idea, today we
02:31have broken the 26,000 barriers, and we even had the values of trading, in a way,
02:37to give us some clear signals in the market.
02:41My question to you, Mr. Mohamed, the share of the international trade is 5%, Mustafa
02:47is 7.5%.
02:48Well, if I want to judge the whole market, I should put it all down, if the issue is
02:54related to geopolitical tensions.
02:57But why is the share of the international trade declining, and Mustafa is still maintaining
03:01profits?
03:02When we talk about the direction of the market or the general direction, we are talking about
03:06the indicator of the Egyptian stock exchange and the direction of most of the shares.
03:10There are many sessions where there is a discrepancy or exchange of positions between a share
03:14and another.
03:15Given that the general direction does not work in the same way, or does not work in
03:19the same way as the international trade, we are talking about the exchange of shares
03:23The general direction does not work in the same way, or does not work in the same way
03:27as the exchange of shares, with the same up and down rates.
03:31But there is a discrepancy between the shares, and there is a movement in the market
03:35between the shares and each other.
03:36This means that today we can see a decline in the share of the international trade, and
03:41stability in the rise of Mustafa, there is a rise in some real estate development companies,
03:47there is a decline in telecommunications companies.
03:51The reason for this decline is that today an investor can change his wallet,
03:55or he can change from entering a share.
03:58For example, he sees that this share has started to achieve or break important support points,
04:06so he leaves it and accepts losses, and enters another share.
04:10There may be a potential or a rise, even if it is a small one.
04:14The exit from these shares has returned to the artistic point of view,
04:18and has also returned to the management of the wallet or wallet from each person,
04:23or according to the side that manages it.
04:25Today, the decline in some shares in some sectors has increased,
04:29especially in the same sector.
04:31For example, the real estate sector in the Egyptian market is one of the sectors
04:36that is loved by some investors, especially local or Arab investors.
04:44We see that the rise in this sector, and we find that some of the shares
04:50or the existing companies of a large real estate developer,
04:54are declining compared to another real estate developer.
04:57This is a return to the rebalancing of the investment wallet for investors.
05:05Thank you for your time and analysis, Mr. Mohamed Kamal.
05:09You are a member of the board of directors of the elite company for financial consultations.