The Egypt Stock Exchange goes to the global markets and lands the largest pace in the year

Egyptian stocks have fallen on the largest frequency since April 2024, influenced by the spate of the landing that hit world markets, the fear of the effects of the trade war and Trump -goals fees on the local economy. The most important index of the Egyptian Stock Exchange lost 3.34%, the conclusion of transactions, while the market value of shares fell by approximately 80 billion pounds, after scoring the first ten minutes of the 88 billion pound session. In the session, there was a decline in the prices of 181 shares from 216 companies traded, while the stock exchange administration temporarily traded on 11 shares after exceeding the maximum rate of 5%. AMR AL -ALFI, head of stock strategies at Thunder Securities Trading, told Al -Sharq that what is happening “random refugees that are a good opportunity for the investors of the medium and long term,” added that “the impact of the Egyptian market on world markets is, especially in the absence of the loss of loss of loss of loss of loss. session. ” The strong declines came amid a collective decline in leadership shares, as the share of “EFG Holding” fell 4.9%, “Fawry” by 7.45%, “Commercial International Bank Egypt” 1.38%, “Belton” 4.25%, “Talate Mustafa” 4,49%, and “Palm Hills” 4,65%. Ibrahim Al -Nimr, head of the technical analysis division in ‘Naeem to Mediation in Securities’, told Al -Sharq that’ the market has a strong sales pressure affected by the fall in global markets, in the case of the main index that can be at the support level of 30,250 points, as it can form an opportunity to see an apostatical Close. period. “Deeper declines in the wave markets, Gulf Markets has recorded its worst daily performance since 2020, led by the Saudi Market, while the first market index in Kuwait and the Qatar Stock Exchange fell by more than 5%for each, and the Muscat stock exchange fell by 2.3%, and the Bahrain market with a rate of about 0.5%. Trump the imposition of customs duties of no less than 10% on all countries exported to the United States, including the Gulf States and Egypt, announced, in addition to additional fees of between 30% and 41% on imports from China, Japan and the most important European countries. The global supply chains and an increase in raw material prices, which threaten to cross borders effects that will not be delivered from any country.