دراسة تحليلية للعلاقة بين تعاملات المستثمرين الأجانب و نشاط سوق المال المصرى

Abstract EN

This research has aimed to analyze the relation between foreign investors' transactions and Egyptian capital market.

The researcher has analyzed this critical topic from both theoretical and empirical sides, that is by presenting of different theoretical dimensions, literature review and also by the empirical study for the time period from January 2012 to December 2019.

Quarterly data has been collected about: two measures of both Arab and not Arab foreign investors, they are: ratio of transactions and net purchases (or sales), and also data has collected about three indicators of the activity of capital market: trading value, market size measured by market capitalization, and return of EGX-100 index.

By proceeding the statistical analysis of data, the results have indicated that there was no significant positive correlation between Arab and not Arab foreign investors transactions and between: trading value, market size, return of Egyptian market index, where there was exception that significant positive correlation between net purchasing (or sales) of not Arab investors and market size.

The researcher has concluded to weakness of positive role of foreign investors transactions in the activity of Egyptian capital market, and presented some recommendations to improve this role.