Cairo-Alexandria Stock Exchange And Egyptian National Postal Organization Launch A New Postal Saving Account Based On Stock Market Investments

Cairo-Alexandria Stock Exchange (CASE) together with the Egyptian National Postal Organization (ENPO) launched a new postal savings account based on investment in the stock market through the wide spread post offices across Egypt. The new service offers a new investment mechanism in the stock market through the post offices, that is being run by expert fund managers, which limits clients' risk. This step came to bolster investment opportunities for a big segment of the Egyptian citizens, especially those who have limited knowledge of investment in the stock market. The new savings account can be opened starting LE 100 with no ceiling value.