Egyptian Exchange daily trades hit 10 billion pounds
The article discusses the recent developments in the performance of the Egyptian stock exchange, where unprecedented record highs were achieved with daily trading averages reaching around 10 billion pounds, and the market capitalization exceeding 4.3 trillion pounds. The Chairman of the Exchange, Omar Radwan, confirmed that these achievements result from macroeconomic stability and increased foreign investments. He also highlighted the activation of new financial instruments such as short selling and futures contracts, alongside improvements in trading environments and simplified financing procedures to attract more investors. The ongoing development aims to support major offerings, thereby enhancing the market’s capacity to accommodate new companies and expand the investment base.
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