Egypt money market authority on falling shares

Commenting on the fall in stock prices during the year 2000, an Egyptian official has said that despite the decline, bills and bonds portfolios had achieved a substantial growth rate. He explained that stock prices had fallen because of the negative impact of short-term dealing by individual shareholders, and because there was insufficient diversification of stocks in the Egyptian market.

The following is an excerpt from an interview with the chairman of the Money Market Authority, Abd-al-Ham

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