23 Days
Source:
الاقتصادية
Debate on Egypt's stock market future
The article discusses the deterioration of the market capitalization of the Egyptian stock exchange since 2011, which has led to its classification from an emerging market to a frontier or frontier-like market according to S&P Dow Jones Indices. Data indicates that the market value declined from about $109 billion in 2008 to approximately $50 billion last year, raising concerns about the market’s attractiveness to foreign investors, who make up 12.8% of trading activity. Despite this, the main index, EGX 30, experienced an increase following the rating announcement, and there are still expectations that the downgrade decision will not be implemented before 2027.
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