EGX & FRA Meets with Non-Banking Financial Sector Leaders

Egyptian Exchange Posted

Rami El Dokkany, Executive Chairman of The Egyptian Exchange (EGX), participated in a meeting with the Egyptian Financial Regulatory Authority (FRA) and Egyptian Capital Market parties to present The Egyptian Capital Market forthcoming plan.  

ElDokany pointed out that EGX’s strategy for the coming period will focus on the three axes of value chain; supply, demand, as well as improving trading mechanisms with the aim to enhance liquidity and provide a resilient, attractive, state of the art market. 

He added that fintech solutions positively affected the participation of new investors in the market, where the monthly figure for newly coded investors during 2022 reached about 11K, compared to 5K during the same month last year, as well as its accountability for the development of new financial products catering different types and categories of investors.

EGX’s chairman highlighted EGX’s strategic developments to be implemented during the coming period in trading mechanisms, indicators with the aim of providing an attractive market to all investors, and fixed income instruments.

Concluding, ElDokkany stressed the continuous efforts of EGX in financial literacy, enhancing ESG practices, and the development of new products in the Egyptian Capital Market.