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Egyptian Exchange Chairman Reports Over 10B Pounds Traded
The Egyptian stock exchange experienced a significant improvement in performance this year, with trading volume surpassing 10 billion pounds, compared to an average of 5 billion pounds last year, with some days recording trades up to 13 billion pounds. Additionally, the number of investors increased from about 300,000 to approximately 350,000, reflecting a boost in confidence and investment in the market. The reasons behind this improvement include developments in the macroeconomy, particularly the rise in reserves and foreign assets, as well as the decrease in the cost of sovereign debt insurance, all of which enhance the market's readiness to attract more investors.
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