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المصري اليوم
Market faces pressures before rate decisions
The Egyptian stock exchange experienced collective declines during the current week, driven by strong sales from local and Arab institutions, leading to a drop in market indices and a decrease in market capitalization by 58.1 billion Egyptian pounds to 4.238 trillion pounds. Experts attributed this performance to factors such as geopolitical tensions, increased risks associated with economic uncertainty, and the return of foreign investors to exit emerging markets due to rising U.S. Treasury yields, which reached their highest level since 2007. Despite awaiting the Central Bank's decision on interest rates, it appears that markets will remain under pressure, with expectations that the bank will maintain the current rate or raise it by 1% if necessary. Such actions could lead to further declines in indices and continued liquidity tightening.
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