Mr. Mohamed Farid, EGX Chairman, chaired a roundtable in Dubai, attended by investment managers and representatives of major international investment banks seeking to boost their investments in Egypt, especially in the stock market.
Mr. Farid, Chairman of EGX reviewed the features of the board of directors’ current work plan, which aims to deepen and increase the efficiency of the market by diversifying investment options while making available tools and financial products to investors.
The Egyptian stock market has responded to the macroeconomic reforms implemented by the Egyptian government. The net purchases of foreign shares and bonds since November 2016 jumped to 25 billion pounds, compared to 1.6 billion pounds during the same period. Before flotation, with an increase rate exceeding 1000%