Real estate exchange will attract significant financial resources to the real estate sector - Tycoon CEO for Brokerage.

A stockbroker: guarding against pound sterling movement explains the stock exchange's rise

Said Ayoub, chief executive of Ticon Securities

said that real estate on the exchange will increase transparency in transactions conducted in the sector and provide significant liquidity in the real estate market with instant trading. This will attract both domestic and foreign investment as part of efforts to export real estate, contributing to economic activity.

Some comments, he added that the expectation of a change in the pound sterling exchange rate was the reason for the bourse's rise despite the downgrade of Egypt's credit rating to CAA1 by the Moody's agency. This prompts investors to turn to the financial market to offset this decline, especially in light of the persistently low stock prices that always precede news announcements.

He pointed out that there are several sectors expecting positive results on the stock exchange due to growth, including the petrochemical and healthcare sectors. He believes that investors should currently turn to investing in gold or the stock exchange to protect their money and savings from the risks of inflation.

He also noted that Ticon Securities is currently developing plans to expand inside and outside Egypt, by opening several branches. He admitted that the external expansion will focus on the Gulf countries, particularly Saudi Arabia, the United Arab Emirates and Kuwait, while the internal expansion will be realized through the opening of three new branches in the southern and northern governorates and governorates of the Canal.