American multinational investment bank Goldman Sachs says Egyptian stocks are among the investments the bank advises when it comes to long-term investments in equities.
More details🧐 “In stocks, the recommendations include exposure to Mexican & Russian equities in U.S. dollars, as well as going long on Egyptian shares,” Bloomberg reported.
Why is this important🤔 The Goldman research team stated “the global economy over the coming year will be characterized by strong demand and constrained supply.” The report pointed out that Egyptian stocks’ advantage lies in the fact that the local market appears relatively more willing to adapt to changes in the oil markets, compared to its competitors in the region.
