EGX Chairman Participates In The Opening Of Hapi’s 7th Annual Conference

Dr. Islam Azzam, Executive Chairman of The Egyptian Exchange (EGX), participated in the opening of the 7th annual conference of Hapi newspaper discussing “Competitiveness of the Egyptian Economy Count-down to 2030 Goals”.
 
The event was held in the presence of: Dr. Rania Elmashat, Minister of Planning, Economic Development, and International Cooperation; Mr. Ahmed Kouchouk, Minister of Finance; Eng. Mohamed Shimy, Minister of Public Enterprise Sector; Dr. Mohamed Farid Saleh, Chairman of Financial Regulatory Authority (FRA); along with a group of business leaders and government officials.

In his opening speech, EGX Chairman emphasized that the stock exchange is considered one of the main drivers of achieving objectives of national economic development narrative - Egypt 2030 vision. It serves as an effective platform for accumulating savings, directing them to various economic activities, supporting business expansion and enhancing participation of private sector.
 
He explained that during the latest years, EGX witnessed significant legislative, technological and institutional developments, that enhanced its competitiveness regionally and internationally. EGX70 equal weight index recorded return about 60% since beginning of the year, whereas EGX30 main index return exceeded 42%.
 
He pointed out that the market capitalization of listed shares approached almost EGP3 trillion, recording accumulative growth of 390% since July 2022, which reflects the expanding future growth opportunities of the Egyptian capital market.
 
He also explained that the market witnessed high liquidity rates during year 2025, as the average daily trading value of stocks reached about EGP7 billion over the last 22 sessions, whereas the highest daily trading value recorded EGP47.9 billion on the session of February 13, 2025. Besides recording an average of 145,000 transactions executed daily.
 
He added that the capital increase of listed companies reached about EGP65 billion since beginning of year 2025, with growth rate of 153%, confirming the stock exchange’s ability to provide long term financing, supporting plans of expansion and growth of companies.
 
As for investors base, he pointed out that the number of new investors reached about 276,000 investors till December 2025, with growth rate of 20%. He highlighted that 79.2% of new investors are from the age group between 18 and 45 years, which reflects transformation of EGX into a young market with promising growth prospects.
 
Dr. Azzam also declared the launch of financial derivatives market, activation of market maker and short selling as a pivotal step deepening the market and enhancing its efficiency.
 
By the end of his speech, EGX Chairman emphasized our commitment to be a key partner in achieving the objectives of national economic development narrative and Egypt 2030 vision, through deepening the market and expanding the base of companies and investors, enhancing the efficiency of trading, governance and sustainability.