(2 Minutes read)
Based on feedback from stakeholders, the Egyptian Stock Exchange (EGX) is currently working on updating and enhancing trading mechanisms, diversifying financial instruments, and simplifying registration procedures
Based on feedback from stakeholders, the Egyptian Stock Exchange (EGX) is currently working on updating and enhancing trading mechanisms, diversifying financial instruments, and simplifying registration procedures.
Chairman of the Exchange, Ahmed El Sheikh, while confirming that there was an ongoing societal dialogue with the exchange’s member entities to improve its functioning, said that the stock exchange was working on introducing new financial instruments that meet the needs of traders and risk tolerance levels to increase market depth and maximize returns. Among these are Sharia-compliant indices, financial derivatives, carbon certificates, and real estate shares.
Sheikh stated that the exchange has established the Innovation and Regulatory Laboratory “CORBEH,” and it is currently coordinating with the Egyptian Financial Regulatory Authority to host the regulatory lab for the authority within the CORBEH premises. The stock exchange is also working on further transitioning towards enhancing the use of digital technology to develop the exchange’s systems and procedures.
Read Also:
https://trendsnafrica.com/egypts-beyti-food-industries-of-egypt-projects-higher-exports/
https://trendsnafrica.com/msmeda-of-egypt-fosters-cooperation-with-arab-and-african-countries/
Sheikh emphasized the possibility of benefiting from the stock exchange as a financing platform that allows public offering companies to be listed and traded on the exchange immediately upon establishment. The stock exchange allows companies to obtain various types of financing to help them expand, raise growth rates, and increase their ability to efficiently employ human or material capital. This can be achieved through issuing new shares, ordinary bonds, convertible bonds, or various types of Sukuk.
