Recently
Source:
المصري اليوم
Arab acquisitions and foreign sales flow
During Wednesday's trading sessions, Arab investors engaged in significant purchasing of government debt instruments worth 9.681 billion Egyptian pounds (approximately $186 million). Meanwhile, foreign investors sold treasury bills totaling 13.574 billion Egyptian pounds (around $261 million). Domestic investors also moved towards buying, with transactions amounting to 3.892 billion Egyptian pounds. Hot money—short-term investments usually aimed at profiting from interest rate differentials and exchange rate fluctuations—plays a key role in driving the market. There were large capital inflows from Arabs, while foreigners engaged in sales. In the same context, the US dollar decreased against the Egyptian pound in 10 banks, with declines ranging between 5 and 19 piastres. The largest reductions were seen at the National Bank of Egypt and Banque Misr, where the buy rate fell to approximately 51.94 pounds.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)