Analysts in the capital market told the Middle East News Agency that the certificates of deposit of the Commercial International Bank exceeded during today’s trading the sharp decline recorded during the trading yesterday.
Ahmed Abdel Hamid, managing director of Wateqah Securities Trading Company, said that the drop recorded by the certificates of the Commercial International Bank – Egypt yesterday on the London Stock Exchange was a temporary decline, and it was with very weak trading volumes whose value did not exceed $ 5 million, which confirms the investors ’unwillingness to lose what They own certificates and shares in the bank.
He added that everyone who sold his possession of certificates of deposit at the Commercial International Bank achieved huge losses, especially in light of making sure that the current conditions are temporary conditions, and soon the performance of the bank’s shares and certificates on the London Stock Exchange will restore their balance and real value, which is what actually happened during Friday’s trading. .
Abdel Hamid expected a good performance for the Egyptian Stock Exchange during next week’s trading that begins on Sunday, in light of the market’s strength in the current period, regardless of the decline in some stocks during the trading days of Wednesday and Thursday, due to deliberate pressure on the market to buy shares at low prices, indicating Until any decline will be temporary, and the market will soon recover its true bullish trend.
The managing director of Wateqah Securities Trading Company advised all stock market investors not to be led by the rumors released by speculators in order to pressure them to get rid of their shares at low prices, stressing that the economic and political conditions are largely stable that Egypt has not witnessed over the past ten years.
These were the details of the news Certificates of Deposit of the Commercial International Bank – Egypt jump... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at eg24.news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.