Financial and technical analysts expect that the most attractive shares for investors in 2017 will include the pharmaceutical and banking sectors, in addition to companies that export their products. In terms of most attractive shares in Q1 2017, Palm Hills shares target the level of EGP 4.5 to EGP 5, Al-Assar said. Food companies are excluded from this list. Among the most prominent food sector companies are Juhayna, Domty, Obour Land, Edita, the National Company for Maize Products (NCMP), and Delta Sugar. He also expected the banking sector to see developments that would attract investors, as a result of the increase in default risks due to the harm sustained by the companies’ financial positions due to the pound’s flotation.

Source: Daily News Egypt January 21, 2017 19:21 UTC