After the strong performance of industrial projects .. Does the rising trend continue in the Egyptian market?

Today, Wednesday, the Egyptian Stock Exchange witnessed a positive performance, as the shares recorded strong heights in several sectors, which reflects the confidence of investors in the stability of the market and the positive momentum in the Egyptian economy.

These gains were driven by the improvement of domestic demand and the increasing investments in the real estate and industrial sectors, as well as government support for economic stimulus policies, and the real estate development and industry sectors have made remarkable gains, which helped to enhance market performance in general.

The Egyptian Stock Exchange ended today’s trading on noticeable gains, as the shares of several major companies increased, amid optimism about investors to improve the business environment and increase the local demand, in addition to government support policies that have strengthened the gains of shares.

The Egyptian Gulf Marseille for Real Estate Investment

The Egyptian Gulf Marseille of Real Estate Investment shares recorded a jump by 20.00% to close at 3.480 Egyptian pounds, after trading opened at 2.900 pounds, and this strong increase came driven by the large demand from investors on the real estate sector in Egypt, amid expectations of the growth of demand for housing and commercial units.

The announcement of new projects contributed to enhancing confidence in the stock, and the arrow is expected to continue its gains in light of the continued government support for the real estate sector and improve the levels of local demand.

Egyptian to develop the building industry (Lift Slab Egypt)

The Egyptian share to develop the building industry (Lift Slab Egypt) continued its increase, registering 8.98% gains to 0.789 Egyptian pounds after it opened at 0.724 pounds, and this rise is due to the increase in demand for building materials and improving the performance of the real estate sector in Egypt.

The expansion strategies followed by the company, in addition to the new contracts, have strengthened the attractiveness of the arrow, and this positive trend will continue with the increase in major real estate projects in Egypt.

Industrial and engineering projects

The share of industrial and engineering projects increased by 7.84% to 0.330 Egyptian pounds, after the trading opened at 0.306 pounds, and this rise came with the support of improved demand for industrial products and increased manufacturing activities in Egypt.

The company’s good financial performance and expansion strategies in local markets have helped to enhance investor confidence in the stock, and expectations indicate the continued positive performance of the share with the improvement of economic conditions and the increase in local demand.

Mills and bakeries south of Cairo and Giza

The share of mills and bakeries south of Cairo and Giza witnessed an increase of 6.78% to reach 72.780 Egyptian pounds after it opened at 68.160 pounds, and this strong performance reflects the increasing demand for food products, especially in light of government policies supporting the agricultural and food sector.

The stability in wheat and raw materials also contributed to enhancing the financial performance of the company, and the arrow is expected to continue its gains with the continued government support for the food sector.

Alexandria for container and goods trading

Alexandria shares for container and goods trading achieved an increase of 5.59% to close at 23,040 Egyptian pounds after it opened at 21,820 pounds, and this strong performance came with the support of increasing the movement of trade and exports through Egyptian ports, in addition to the strong financial performance of the company that reflects an improvement in operational efficiency, and from The stock is expected to continue to achieve gains with the continued growth in the international trade movement.

Future expectations

The positive closure of Egyptian stocks reflects the continuation of the strong momentum in the local market, as investment flows continue to support the promising sectors, amid expectations of improvement in economic performance and the continued government support for growth, and with leadership shares today registered strong gains, optimism is increasing in the future of Egyptian markets in the short term.