Analysts revealed that there are 4 important investment destinations for the Egyptians during the current year 2023, especially following the calmness of the dollarization process and the speculations that were taking place in the exchange market, and the narrowing of the price gap between the dollar exchange rates between the official and parallel markets that have almost stopped working during the past days. .
However, despite the uncertainty facing the global economy and investment activities globally since the beginning of the Russian war in Ukraine, through the wave of global inflation and the chaos of supply chains, there remain 4 attractive investment destinations for Egyptians, which are gold, real estate, the Egyptian Stock Exchange, and finally high-return investment certificates that reach up to 25% recently raised by banks.
With regard to the Egyptian Stock Exchange’s transactions, since the last March 18th session, ie Before the movements of the Central Bank of Egypt To control the exchange market, the market capitalization of the shares of listed companies jumped by 55%, winning regarding 366.3 billion pounds, following the market capital jumped from the level of 666.7 billion pounds, to the level of 1.033 trillion pounds, at the close of trading last Thursday.
In terms of indices, the main index “EGX30” rose by 46.5%, adding regarding 5084 points, following it jumped from the level of 10918 points to the level of 16002 points at the close of trading last Thursday. The “EGX50” index also rose by 30.5%, adding regarding 649 points, following rising from the level of 2123 points to regarding 2772 points. The “EGX30 Weighted Index” jumped by 46.5%, winning regarding 6166 points, following rising from the level of 13250 points to 19416 points.
The “EGX30 total return” index increased by 56.5%, gaining regarding 2378 points, up from 4204 points to regarding 6582 points. The index of small and medium-sized companies, “EGX 70 of equal weights,” increased by 40.5%, adding regarding 843 points, following it rose from the level of 2078 points to regarding 2921 points. The broader index, “EGX 100 equal weights,” jumped by 43.3%, adding regarding 1321 points, following it rose from the level of 3047 points to regarding 4368 points.
Certificates of the 25% fastest in achieving gains
Economic analyst and head of the Cairo Center for Economic and Strategic Studies, Dr. Khaled El-Shafei, believes that the investment certificates recently offered by banks with an annual return of 25% are considered one of the most important investment methods that achieve quick gains and do not contain any risks at all.
In his interview with Al-Arabiya, he pointed out that the certificates are the most important investment destinations at the present time, and within days they were able to collect more than 90 billion pounds.
He pointed out that, on the other hand, investing in the stock market needs the customer to understand the nature of investing in the financial markets, even if it is one of the most important investment destinations in Egypt during the coming period.
As for gold, it is the most appropriate at the present time, especially since it recorded huge gains and without any risk during the past year, but it needs to be an investment in longer periods, as the market is characterized by stability and achieved record returns during the last period.
As for real estate, and in light of the presence of the real estate tax and the real estate disposal tax at a value of 2.5%, only those who need real estate will resort to this market, and they also need expertise, but there is a large segment among Egyptians who prefer to invest in real estate because of its stability and the absence of any registration. losses.
While the financial analyst, Nadi Azzam, believes that the Egyptian Stock Exchange is the most important and best investment destination during the coming period, especially since all indicators and data confirm the rise of the market in 2023. He pointed out that the Egyptian Stock Exchange has achieved huge gains despite the suspension of the government offering program, but in the event that Once the program is implemented, the Egyptian Stock Exchange will be one of the most important investment destinations that achieve huge investment returns.
Gold gains exceed 100% in 2022
As for the precious metal, in terms of transactions last year, the price of a gram of 14 carat gold increased by 109%, adding regarding 579 pounds, following its price jumped from the level of 531 pounds at the beginning of last year’s trading, to the level of 1110 pounds at the end of last year’s trading.
The price of a gram of 18 carat gold also jumped by 98%, adding regarding 671 pounds, following its price jumped from the level of 682 pounds at the beginning of last year’s trading, to the level of 1363 pounds at the end of last year’s trading. Also, the price of a gram of 21 carat gold, which is the most traded in the Egyptian market, increased by 100%, adding regarding 795 pounds, following its price jumped from the level of 795 pounds at the beginning of last year’s trading, to the level of 1590 pounds at the end of last year’s trading.
The price of a gram of 24 carat gold increased by 100.8%, adding regarding 912 pounds, following its price jumped from the level of 905 pounds at the beginning of last year’s trading, to the level of 1817 pounds at the end of last year’s trading. The price of the gold pound jumped by 98.6%, adding regarding 6270 pounds, following its price rose from the level of 6360 pounds at the beginning of last year’s trading, to the level of 12630 pounds at the end of last year’s trading.
