First Day of the Promotional Tour of the Egyptian Exchange in the Gulf Area

Wednesday, 20 July 2011

On the first day of the promotional tour of the Egyptian Exchange in the Gulf Area, Mr. Mohamed Abdel Salam – Chairman of The Egyptian Exchange (EGX)- met the representatives of UAE financial institutions and assured that the Egyptian government will keep adopting open market policies. The Chairman stated that after resuming trading on 23rd March 2011, the statistics showed a growing investors confidence "especially Egyptians and Arabs". Also, the statistics revealed that their long and medium term buying strategy, which was reflected in reducing the selling pressure that was predicted within several economic reports during the trading suspension period. He had also pointed out that this confidence has been built up through the past years due to the transparency of trading in EGX and the fully integrated disclosure of EGX listed companies.