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Zawya: Sale of stakes in state-owned firms to boost Egypt's exchange

Khaled Badawi said: "The Egyptian stock market does not, in my opinion anyway, reflect the size or the potential of the economy.
06.03.18 | Interesting article at Zawya

Speaking at a conference held by investment bank EFG Hermes in Dubai on Monday, Khaled Badawi said: "The Egyptian stock market does not, in my opinion anyway, reflect the size or the potential of the economy.

"Having a stock market that has only, I think, 800 billion (Egyptian) pounds, which is roughly $40-45 billion market cap, that's too low for an economy like the Egyptian economy," Badawi said.
"We have lots of sectors that are not properly represented in terms of weighted average in the markets. We have to inject a lot of stocks we have in specific sectors to increase the average," he said.