Al-Manawi: The crisis of the cement sector drives investors to avoid dealing with it on the stock exchangeVisits : 175

Al-Manawi: The crisis of the cement sector drives investors to avoid dealing with it on the stock exchange

For the technical analyst, the impact of the crisis of the cement sector on the real estate sector does not exceed 1%, but affect the performance of the stock market, especially as investors move away from the sector and face serious crises will result in severe crises for workers in the sector.

He added that the real estate sector will face crises of another type, not including cement, where property prices will rise by about 15% during the second half of the year.

During the first quarter of the year, Suez Cement suffered losses of EGP 95.16 million, compared to a net profit of LE 130.48 million during the same period last year, amid a significant drop in sales to LE 527.7 million, compared to EGP 774 million.