Expectations that global financial markets will be affected by “Corona Trump”...

Expectations that global financial markets will be affected by “Corona Trump”...
Expectations that global financial markets will be affected by “Corona Trump”...

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Expectations that global financial markets will be affected by “Corona ” this week, today, Saturday, October 3, 2020 11:23 PM

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Ahmed Samir, a financial analyst, expected that the news of US President Donald Trump and his wife being infected with the Corona virus would cast a shadow over the global financial markets this week, especially with the approaching presidential elections in early November, which of course affects the Egyptian market, especially with the direction of foreigners to sell During the last period, which was clearly shown in the last quarterly report of the Egyptian Stock Exchange, but he stressed that the severity of this impact cannot be expected in the absence of influential local news.

In a related context, the shares of “Commercial International Bank” topped the shares listed on the Egyptian Stock Exchange during the month of September transactions, in terms of trading values, with a value of 1.479 billion pounds and 22 million shares traded, followed by “Arab Cotton Ginning” with a value of 1.3 billion pounds, and with a turnover of 391.9 One million shares, then “Dice Readymade Garments” with a value of 1.1 billion pounds and the turnover of 662.9 million shares, then “Ezz Steel” with a value of 866.4 million pounds, and the transactions of 114.1 million shares. And in fifth place came the “Arab Company for Asset Management and Development” with a value of EGP 701.6 million and a value of 141.3 million shares, then “Telecom Egypt” with a value of EGP 615.2 million and trades of 47.3 million, then the share of “CIB Capital for Financial Investments” with a value of EGP 549.6 million. With a turnover of 154.1 million shares, followed by «Arabia Investment Holding» with a value of 512.4 million pounds and trading of one billion shares, and came in the ninth place «Financial Group Hermes Holding» with a turnover of 505.1 million pounds, and with transactions of 37.5 million shares, followed by «Citadel for Financial Investments» with a value of 499 One million pounds and the trading of 320.4 million shares. In the same context, the Egyptian Stock Exchange indices rose during last week’s trading, and the market capitalization of the shares of listed companies gained 4 billion pounds, closing at 620.8 billion pounds. The main EGX30 index rose by 1.28% to reach the level of 11051 points, while the EGX70 index of small and medium stocks rose by 1.12% to reach the level of 2.22 points, and the broader EGX100 index rose by 1.48% to reach the level of 2928 points.

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