Egypt Prime Minister Meets EGX Chairman to Discuss the Developments of the Capital Market’s Performance

H.E. Dr. Mostafa Madbouly, Egyptian Prime Minister & Minister of Housing,
Utilities and Urban communities met with Mohamed Farid Saleh, EGX
Chairman on Monday 31 st of December 2018. The meeting discussed
developments in EGX’s performance as well as a reviewing features of the
strategy to develop the Egyptian capital market during the coming period of
time.
The meeting also discussed the plan for launching commodity market and the
preparation process of its electronic trading and settlement systems that will
contribute to market regulation and increase the efficiency of the market,
flexibility of the pricing process, and increases transparency and stability of
commodity markets.
The meeting also discussed steps taken for the launch of derivatives market, as
well as financial tools and products that EGX’s management will apply shortly
to boost trading and liquidity and the borrowing and selling securities market
maker activity.
Mohamed Farid said that EGX is exerting all efforts for the progress of the
Egyptian capital market in accordance with the best international standards
and specifications. This is done in accordance with the perspective of value
chain through improved disclosure rates, communication between issuers and
investors, simplifying and developing trading mechanisms as well as work to
increase the rates of financial education and awareness to increase the
number of investors.