Within the framework of EGX confirmation of its commitment to strengthening the institutional framework of the market management, EGX management announces that there will be no change or cancellation to any administrative or regulatory decisions taken during the last period. Dr. Mohamed Omran, EGX Chairman, stressed that EGX managment is eager to foster the capital market role as a platform to finance companies and a trade venue for shareholders that permits trading through various mechanisms allowing free trade of shares without imposing any exceptional restrictions on the price movement, leaving it to be determined by supply and demand mechanisms & without any administrative intervention except for monitoring purposes and in cases of obvious manipulation. Additionally, Dr. Omran revealed that exploring all market participants views will be the milestone of the trade decision-taking process to enhance the market efficiency. He pointed out that during the coming period EGX will continue working on maintaining the listed companies & the existing investors' base, in addition to exerting more effort to increase the number of listed companies & the number of investors a s well and to be an attractive market. Finally, EGX chairman expressed his thanks and appreciation to Mr. Atef El Sherif and Mr. Ashraf Kamal on their efforts during the past period facing the hard conditions experienced by Egypt & added that he is looking forward for further cooperation with them as active members of EGX. |
FTSE Mondo Visione Exchanges Index:
The Egyptian Exchange Confirms Its Commitment In Abiding To Institutional Framework Of The Market Management
Date 12/08/2013