Mohamed Maher, head of the Egyptian Capital Market Association (ECMA), said that the entity has the technological infrastructure required for the online process. Ehab Rashad, Vice President of Mubasher Capital Holding, said that the company has the technological infrastructure required for the online process immediately. Mohamed Mostafa, Managing Director of the Arab African International Securities (AAIS), said that right now is the most proper time for the step announced by the FRA. Mohamed Lotfy, managing director of Ostoul Securities Brokerage, said that the FRA is working to facilitate the procedures for contracting with clients to increase the volume of trading. Mohamed Hassan, Managing Director of BLOM Asset Management, said that technological transformation is necessary to keep pace with the global economy, and that technological transformation will help increase trading volumes, but with slow growth at the beginning.

Source: Daily News Egypt May 25, 2023 10:22 UTC