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Stock Exchange Chief on Derivatives Benefits
The article focused on the importance of financial derivatives in strengthening the Egyptian stock market. The Chairman of the Egyptian Exchange indicated that the launch of futures contracts on indices and stocks since March has expanded investment tools, helped hedge against volatility, and increased liquidity. He explained that the new tax law, which abolished capital gains tax and replaced it with stamp duty, led to a rise in trading volumes from 5 billion to 18 billion Egyptian pounds over the current year. Additionally, Ridwan confirmed that the market is ready to welcome government offerings, as performance and indices continue to improve, along with an increase in the number of investors and growing demand in the market.
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