Ahmed El Sheikh, the Chairperson of the Egyptian Exchange (EGX), said that the stock exchange plays a vital role in supporting the national economy. The most important of these items are developing financial rules and promoting financial literacy, in coordination with the Financial Regulatory Authority (FRA). He stated that the main goal of EGX is to provide strong tradable securities that benefit the listed companies. He said that having a large number of listed companies is not enough, as they need to be actively traded. He noted that in the past, there were about two thousand listed companies, but only a small percentage of them were tradable.

Source: Daily News Egypt February 27, 2024 07:21 UTC