Daily News Egypt surveyed the market about the impact of all these changes on the banking sector shares listed on the Egyptian Exchange. Therefore, it is natural for the banking sector to be affected by the rating. 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 12, 2023 00:04 UTC