This has led to an inflationary wave in most countries of the world, and these repercussions strongly affected global banks, as four banks declared bankruptcy in only three months. Daily News Egypt surveyed the market about the impact of all these changes on the banking sector shares listed on the Egyptian Exchange. He explained that it is a natural sequence of events and will not affect the stock market, but it may affect the transactions of foreigners in the Egyptian market. She explained that the banking sector represents about 25% of the total market capital in the Egyptian Exchange, and the banking sector is still one of the promising sectors in the Egyptian Exchange. According to the Egyptian Exchange data, the Egyptian banking sector is trading at a profitability multiple of 4.78 times, while the market is trading at a profitability multiple of seven times.


Source:   Daily News Egypt
May 11, 2023 18:34 UTC