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Successful stock markets in Egypt and Morocco: Attractive returns for European investors
In the first three quarters of the current year, the stock markets in Egypt and Morocco were particularly worthwhile for European investors. On the Casablanca stock exchange, the market-wide Masi stock index rose by 14.9 percent, calculated in euros, by the end of September. On the Cairo and Alexandria stock exchanges, the index of standard stocks EGX 30 rose by 12.4 percent, also calculated in euros. Calculated in Egyptian pounds, the increase for investors was even higher at around 38 percent. As table.media reports, the stock markets in Egypt and Morocco recorded significant gains in the first three quarters of the year. The market-wide Masi stock index on the...
Successful stock markets in Egypt and Morocco: Attractive returns for European investors
How table.media reported, stock markets in Egypt and Morocco recorded significant gains in the first three quarters of the year. The market-wide Masi stock index on the Casablanca Stock Exchange rose by 14.9 percent in euros by the end of September. Also calculated in euros, the Cairo and Alexandria stock exchanges recorded an increase of 12.4 percent in the EGX 30 index. However, when the Egyptian pound is taken into account, the increase for investors was significantly higher at an impressive 38 percent.
Impact on the market and the financial industry
These positive developments in the Egyptian and Moroccan stock markets may have various effects on the overall market and the financial industry. Here are some possible consequences:
1. Interest from foreign investors is increasing
The sharp rise in stock prices in Egypt and Morocco makes these countries more attractive to foreign investors. The high return attracts potential investors and increases interest in these markets. This could lead to an influx of foreign capital, which in turn could stimulate economic growth in both countries.
2. Increasing investor confidence
The positive developments on the stock markets in Egypt and Morocco can strengthen investor confidence. Investors who were previously hesitant to invest in these markets may now be encouraged to put their money to work. This could lead to increased activity and liquidity on exchanges.
3. Impulses for the financial sector
The rising stock prices in Egypt and Morocco can also provide positive impetus for the financial sector in both countries. Increased activity on stock exchanges can lead to increased demand for financial services. Banks, brokers and other financial institutions can benefit from this increased demand and expand their business.
4. Impact on the foreign exchange market
The strong performance of the Egyptian pound against the euro may have an impact on the foreign exchange market. A higher Egyptian pound exchange rate may result in European investors receiving more Egyptian pounds for their euros. This can affect trade and transactions between the two currencies.
It remains to be seen how the Egyptian and Moroccan stock markets will perform in the coming quarters. The positive momentum of the first three quarters could continue or level off. Nevertheless, these markets currently offer attractive opportunities for investors who want to benefit from positive developments.
Read the source article at table.media