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 31st 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.