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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.