FINOMICS 2024: Third on Campus Stock Market Simulation

This educational, four-day experiential learning event provided students with hands-on experience on stock market dynamics and the relevant regulatory framework.

An Engaging Experience

Participating students attended six training sessions and engaged in real-life stock trading, competing for a total prize of EGP 80,000. Prizes were awarded to top performers in three categories: Investors, Mutual Funds and Bankers. 

Leadership and Support

The competition was led by Wael Abdullah, assistant professor of finance, and Mina Ayad, assistant professor of economics, Heikal Department of Management. The theoretical content was compiled and delivered by student academic committees with support from six corporate partners: Emirates NBD, Beyti, ADIB, Beltone, EFG Holding, and Zilla Capital. In addition to their support, corporate partners also conducted sessions that enriched the students' learning experience. Key sessions covered the topics of basic investing principles, the role of the central bank, and technical analysis, providing invaluable insights into real-world financial practices. These sessions allowed students to engage directly with industry leaders, enhancing their understanding of stock market operations.

“FINOMICS is such a great opportunity for students to practice investing, experiment with different strategies, and visualize the impact of scaling contributions,” emphasized Abdullah.

“The competition strengthens students’ understanding of finance, equipping them with practical knowledge and empowering them to take control of their financial future”. Ayad added, “Understanding how monetary policy news impacts stock market trading is crucial. It helps students appreciate the broader economic forces at play and enhances their analytical skills”.

Awards and Recognition

The closing ceremony was held on September 28 and featured keynote speeches by professors Abdallah and Ayad in addition to representatives from the sponsoring entities, as the winners were awarded their prizes:

• Investors: Amro Damiakhi won EGP 15,000 for first place, Assem Abdual Rahim received EGP 12,000 for second place, and Mohannad Khairy was awarded EGP 8,000 for third place.
• Mutual Funds: Kareem Fouad, Jumana El Hefnawy, and Salma Afifi each received EGP 5,000.
• Brokers: Saleh Khalil, Abdullah El Banna, and Kamal El Nazir each received EGP 5,000.

Student Perspectives

Carol Bebawy, a senior in accounting, shared, “FINOMICS is vital for students, as it provides an introduction to the stock market and investment, especially for those with limited financial literacy. The competition is designed for students with no financial background, encouraging everyone to invest”. Reflecting on her experience as part of the winning team in FINOMICS ‘22, Bebawy said, “You don’t think you can win and generate the highest turnover, but when you really apply yourself in the competition and develop the best strategy it really pays off”.

Bridging Education and Industry

The initiative is one of many experiential learning opportunities that the school provides to bridge the gap between class learning and job market competencies. Collaborating with corporate partners gives students firsthand practical knowledge from industry executives and strengthens connections within Egypt’s business community, opening more doors for students post-graduation.