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Stock Market report: Market movement by Arab investors
Published in Youm7 on 25 - 05 - 2011

The Egyptian stock exchange stepped up efforts to attract investors and communicate, especially with new investors in the gulf area, who increased their purchases, said Moshen Adel, the managing director of Pioneers for Investment Funds.
Adel held meetings and working sessions with all investors and interested parties to invest in capital markets, financial institutions and investment banks. The meetings were to view all facts about the Egyptian market, which contributed to the increasing flow of Arab investments in the stock market. The increase in flow will result in the upcoming period with an increase in volume and values of market trading. After dropping the average trading by great extent, the stock market managed to answer questions that concern many investors about the future of Egyptian economy after the January 25 Revolution.
The period that followed the resumption of trading in the market reflected the growing confidence of local and Arab investors. Statistics circulation revealed their direction in terms of long-term and medium-term purchases and reversed as well as to reduce the selling pressure, pointing out this confidence is based on transparency in dealings which the Egyptian stock exchange insisted upon when committed market management companies were obliged to report integrated operational and financial situation of companies.
Adel stressed the presence of a road map for the stock market in Egypt contributed to improving the status of the Egyptian capital market. Compared to emerging markets and according to the last report by Standard and Power, there is more optimism about the future, especially with the decline of financial and administrative corruption. Corruption was one of the obstacles in foreign investment and reflected Arab and foreign investors from March 23 until today, which reflects the predominance of trend purchasing them.
The upcoming period will witness political reform, which is very important for the institutions and the Egyptian economy in general. It will require strengthening of the stock market through various contributions and activating the role of investors, especially since the precautionary measures proved their relevance.
He stressed the need to combine efforts of all Egyptians, in Egypt and abroad, until the Egyptian economy is rebuilt to achieve the necessary growth rates. The need to increase the interest of stock at the moment is to increase rates of disclosure of integration and the quality of companies. It will also certainly increase levels of liquidity, as well as promotional tours aiming to clarify the status of the Egyptian market, and thus will increase investment.


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