President of the Stock Exchange in the first day of the promotional tour of the Gulf: the government continues to adopt a policy of open market .. 60% of investors entered the market for the first time after the revolution .. And the withdrawal of land from real estate companies will not affect the shares
D. Mohamed Abdul Salam Stock Exchange Chairman
The head of the bourse, Dr. Mohamed Abdel-Salam, the period which followed the resumption of trading in the market on 23 March this year reflected the growing confidence of the investors, especially local and Arabs of them which is reflected strongly Statistics circulation, which revealed their direction Purchasing long-and medium-term and reflected as well as to reduce the selling pressure, which predicted a lot of economic reports before the resumption of trading in the last week of March.
He pointed out that this trust does not come from a vacuum, but based on the transparency of the deal, which was keen upon the Egyptian stock exchange when committed market management companies registered Bivsah integrated operational status and financial companies, on the other hand, Abdel-peace on the continuation of the Egyptian government to adopt a policy of open market and encourage investment foreign.
Statements of Abdul Salam came in the framework of the Conference, "the Egyptian Stock Exchange Present and Future" held in Dubai in the first episodes of conferences organized by the stock exchange within the activities of tour promotions in the States Persian Gulf, a conference which saw intensive attendance of managers and officials of financial institutions, the UAE and investment banks and brokerage firms working there.
The Abd al-Salam, the performance of stock market came at the best of what is expected also reflected the trends of institutions after Standard & Poor's began in the launch of a new indicator includes in it the number of emerging markets, including the Egyptian market.
And revealed to Muhammad Abdul Salam that approximately 60% of investors who purchase in the first trading sessions are the investors entered the market for the first time and returned the head of the exchange to their optimism diminished factor political risk compared to levels before the outbreak of the revolution, especially after it was agreed that a road map for the benefits of political and legislative and timing.
He also stressed the President of the Egyptian Stock Exchange on the need to witness the coming period, the combined efforts of all Egyptians, both at home and abroad until the rebuilding of the Egyptian economy and achieve growth rates necessary, pointing out that the transitions in the history of nations has been declining drastically in the growth rates with low value of the currency local which is what happened to other countries during the occurrence of revolutions similar to the recently witnessed in Egypt, such as Turkey and South Korea, which was similar to the economic circumstances of Egypt much before the changes witnessed by these two countries in the eighties of last century, and now these countries with promising economies.
According to Abdel-Salam that the withdrawal of some land from real estate companies, recently because of irregularities in contracts is not based on the administrative decision, but that was it will be a judicial decision, especially since some contracts have been illegal, and pointing at the same time that the government will not take decisions that affect the shareholders of companies that have no land dispute court, and Abdel-peace a number of scenarios to resolve the subject land, including the corporate owner of land to pay the price differentials in the form of payments on long-term, or to bear the businessman in person differences in price between the real price and the price of the purchase was tags.
He also praised Abdul peace privileges enjoyed by the Egyptian economy, especially the work force of young people, representing about 46% of the population in addition to the labor-intensive and low-cost, which is the least expensive compared to countries in the region, and other economic potentials of diversity relative to the structure of the GNP.
The Chairman of the Egyptian stock exchange on the question of a financial institutions around the modest liquidity, adding to the attention of stock market at the moment to increase rates of disclosure of integrated and quality of companies, including will certainly increase the rate of liquidity as well as tours promotional aims to clarify the status of the Egyptian market, thus raising the levels of liquidity significantly.
He pointed out that this trust does not come from a vacuum, but based on the transparency of the deal, which was keen upon the Egyptian stock exchange when committed market management companies registered Bivsah integrated operational status and financial companies, on the other hand, Abdel-peace on the continuation of the Egyptian government to adopt a policy of open market and encourage investment foreign.
Statements of Abdul Salam came in the framework of the Conference, "the Egyptian Stock Exchange Present and Future" held in Dubai in the first episodes of conferences organized by the stock exchange within the activities of tour promotions in the States Persian Gulf, a conference which saw intensive attendance of managers and officials of financial institutions, the UAE and investment banks and brokerage firms working there.
The Abd al-Salam, the performance of stock market came at the best of what is expected also reflected the trends of institutions after Standard & Poor's began in the launch of a new indicator includes in it the number of emerging markets, including the Egyptian market.
And revealed to Muhammad Abdul Salam that approximately 60% of investors who purchase in the first trading sessions are the investors entered the market for the first time and returned the head of the exchange to their optimism diminished factor political risk compared to levels before the outbreak of the revolution, especially after it was agreed that a road map for the benefits of political and legislative and timing.
He also stressed the President of the Egyptian Stock Exchange on the need to witness the coming period, the combined efforts of all Egyptians, both at home and abroad until the rebuilding of the Egyptian economy and achieve growth rates necessary, pointing out that the transitions in the history of nations has been declining drastically in the growth rates with low value of the currency local which is what happened to other countries during the occurrence of revolutions similar to the recently witnessed in Egypt, such as Turkey and South Korea, which was similar to the economic circumstances of Egypt much before the changes witnessed by these two countries in the eighties of last century, and now these countries with promising economies.
According to Abdel-Salam that the withdrawal of some land from real estate companies, recently because of irregularities in contracts is not based on the administrative decision, but that was it will be a judicial decision, especially since some contracts have been illegal, and pointing at the same time that the government will not take decisions that affect the shareholders of companies that have no land dispute court, and Abdel-peace a number of scenarios to resolve the subject land, including the corporate owner of land to pay the price differentials in the form of payments on long-term, or to bear the businessman in person differences in price between the real price and the price of the purchase was tags.
He also praised Abdul peace privileges enjoyed by the Egyptian economy, especially the work force of young people, representing about 46% of the population in addition to the labor-intensive and low-cost, which is the least expensive compared to countries in the region, and other economic potentials of diversity relative to the structure of the GNP.
The Chairman of the Egyptian stock exchange on the question of a financial institutions around the modest liquidity, adding to the attention of stock market at the moment to increase rates of disclosure of integrated and quality of companies, including will certainly increase the rate of liquidity as well as tours promotional aims to clarify the status of the Egyptian market, thus raising the levels of liquidity significantly.