By: Ahmed Alam
Cairo – Mubasher: Listings on the Egyptian Exchange (EGX) hiked by 162% in 2017 at a total value of EGP 2.5 billion, chairman Mohamed Farid said.
Average daily trading volume (ADTV) surged by 41% to EGP 1.04 billion in 2017 from EGP 741 million in 2016, Farid added during the EGX annual conference of 2017 on Tuesday.
Foreign buying on the EGX stood at EGP 7.4 billion in 2017, the chairman pointed out.
Egypt’s investment minister Sahar Nasr has mentioned that the Parliament would discuss amendments of the capital market law within days.
Translated by: Mai Ezz El-Din
