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MENA FN: Capital market enjoys strong legislative environment

The chairperson of the Egyptian Stock said the Egyptian capital market still enjoys a strong legislative structure and advanced financial instruments.
08.10.17 | Interesting article at MENA FN

Mohamed Farid, the chairperson of the Egyptian Stock Exchange (EGX), said that the Egyptian capital market still enjoys a strong legislative structure and advanced financial instruments.
Farid said that EGX's strategy includes developing the conditions of listed companies and modernising the trading mechanisms in addition to providing investors with professional mechanisms, where the management of the EGX focuses on the quality of companies, not just on the number of new companies.

During a conference organised by the Egyptian Association for Direct Investment and the Association of Graduates and Trainees of Britian in Egypt (AGTBE), a forum was held in the presence of 100 investment experts and representatives of the major investment institutions in Egypt and graduates of British universities in Egypt.

There are current preparations to offer a number of new mechanisms, such as short-selling in addition to several new financial instruments, such as derivatives.

During his speech, the chairperson of the EGX stressed the importance of re-promotion for the EGX as a platform to finance the growth of companies and of small and medium-sized enterprises (SMEs) and not just to be considered a mechanism for an early exit.