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Stock Exchange: Digital Tools for Egyptians Abroad to Track Investments
Omar Radian, Chairman of the Egyptian Stock Exchange, confirmed that current digital developments have enabled Egyptians abroad to easily monitor their investment portfolios and execute transactions from anywhere in the world. He explained that the stock exchange aims to strengthen the market and attract new companies to offer digital services, while also promoting a culture of cumulative savings by allocating monthly amounts to build long-term wealth through compound returns. The sector is also working on developing an automated coding system to be fully integrated with artificial intelligence, making it easier to handle financial instruments such as stocks, bonds, and treasury bills. He pointed to government support measures, including the abolition of capital gains tax, reduction of stamp duties, and ease of entry for new investors, all of which have led to daily trading volumes exceeding 13 billion Egyptian pounds. He emphasized that the market is ready to welcome more investors and major offerings.
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