80 Days
Source:
النهار
Egyptian market upgrade to frontier status
S&P Dow Jones proposes to downgrade the Egyptian market from the emerging markets category to the frontier markets category, which could impact foreign investors' entry and exit and reduce Egypt's presence in emerging market indices. This proposal follows an assessment indicating that Egypt no longer meets the emerging market criteria, amid ongoing challenges in market structure, persistent economic performance issues, and institutional stability. This potential step could affect foreign investors' confidence in Egyptian stocks and financial instruments, especially given other reports from institutions like FTSE and J.P. Morgan highlighting the limited attractiveness of the Egyptian market in global investment indices.
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