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بوابة الشروق
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Rania Yaacoub, a member of the stock exchange’s board, said individual investors now have the upper hand in the market, despite selling pressure and a decline of less than 1% in the indices as trading began in Cairo Bank shares. The stock rose 7% after an offering that attracted around $500 million, priced at EGP 5.30 per share. She noted that Egyptian individuals and institutions are buying as foreign investors sell, and that long-term investment in strong stocks requires patience. She added that exporting companies—including those in energy, fertilizers, petrochemicals, telecommunications, banking and non-bank financial services—are among the sectors benefiting from crises.
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