Egyptian Exchange Overview and Information

Explore the historic ruins of an ancient Egyptian temple, showcasing majestic stone columns basking in the sunlight.
Credit: pexels.com, Explore the historic ruins of an ancient Egyptian temple, showcasing majestic stone columns basking in the sunlight.

The Egyptian Exchange, also known as the Egyptian Stock Exchange, is the primary stock exchange in Egypt. It was established in 1883.

Located in Cairo, the exchange is one of the oldest in the Middle East. It has undergone significant changes over the years to keep up with global market trends.

The Egyptian Exchange is a platform for buying and selling securities, including stocks, bonds, and derivatives. It provides a platform for investors to trade on the Egyptian market.

The exchange is regulated by the Egyptian Financial Supervisory Authority (EFSA) to ensure fair and transparent trading practices.

News and Listings

The Egyptian Exchange (EGX) is the primary stock exchange in Egypt, located in Cairo. It was established in 1992.

The EGX has a market capitalization of around 500 billion Egyptian pounds, making it a significant player in the region's financial markets.

Trading hours on the EGX are from 10:00 AM to 2:00 PM, Sunday to Thursday, with a 30-minute break for lunch.

The EGX has a wide range of listed companies, with over 300 stocks available for trading.

Additional reading: EGX 30

Details

Credit: youtube.com, The incredible history of the Egyptian Exchange

The Egyptian Exchange is a stock exchange located in Cairo, Egypt, and it was founded in 1883. It's a significant financial institution in the region.

The exchange operates under the governance of a single board of directors, which oversees both the Cairo and Alexandria exchanges. This shared governance structure allows for a unified and efficient trading system.

The Egyptian Exchange has a total of 266 listed companies, with a market capitalization of US$37.5 billion. This is a substantial amount of money, and it's a testament to the exchange's importance in the region.

Transactions on the Egyptian Exchange are not subject to capital gains tax, which makes it an attractive destination for investors. Additionally, dividends distributed by listed companies are also tax-free.

The exchange has imposed a 0.001 percent tax on all stock market transactions since 2013. However, the government has plans to repeal a 10 percent capital gains tax imposed on mergers and acquisitions.

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Credit: youtube.com, The Egyptian Exchange

The Egyptian Exchange is a member of the Federation of Euro-Asian Stock Exchanges, which is a network of stock exchanges from Europe and Asia. This membership provides the exchange with a platform to connect with other major financial institutions in the region.

Here are some key statistics about the Egyptian Exchange:

  • Founded: 1883
  • Location: Cairo, Egypt
  • No. of listings: 266
  • Market cap: US$37.5 billion (E£1.8 trillion)
  • Volume: E£2.9 billion
  • Indices: EGX 30, EGX 50, EGX 70, EGX 100

People and Organizations

The Egyptian Exchange is home to a diverse range of people and organizations.

The Egyptian Exchange is a self-regulatory organization, overseen by the Egyptian Financial Supervisory Authority.

The exchange has a total of 151 listed companies, with the largest companies in terms of market capitalization being Orascom Construction Industries, Orascom Telecom Holding, and Ezz Steel.

The Egyptian Exchange has a strong presence of foreign investors, with a significant portion of its market capitalization held by international investors.

The exchange is also home to a number of prominent Egyptian families, including the Sawiris family, who are major shareholders in several listed companies.

The Egyptian Exchange has a number of associations and organizations that work closely with it, including the Egyptian Stock Exchange Association and the Cairo and Alexandria Stock Exchange Association.

Launches 1st Mobile App with Real-Time Market Updates

Credit: youtube.com, Egypt's markets up as first session of the week opens

The Egyptian Exchange has made a significant step forward in providing investors with the most up-to-date information. They have launched their 1st mobile app that offers real-time market updates.

This app is designed to keep investors informed about the latest market trends and developments. Investors can now stay on top of the market with ease and make more informed decisions.

The app provides real-time market data, allowing investors to track the performance of their investments in real-time. This is a game-changer for investors who want to stay ahead of the market.

The Egyptian Exchange's mobile app is a convenient and user-friendly way to access market information on the go. Investors can now get the information they need, when they need it.

Profile

The Egyptian Exchange (EGX) is based in Cairo, Egypt, and High West Capital Partners proudly services its 31 stocks.

High West Capital Partners deals with Shares as a security type.

Based on a Market Capitalization of $39.75 Billion, the Egyptian Exchange is a significant player in the market.

The EGX is a major hub for trading, with a large market capitalization that reflects its importance in the region.

Frequently Asked Questions

What is egx100?

The EGX 100 is a stock market index that tracks the closing prices of Egypt's top 100 companies, without considering their market value. It was first calculated on January 1, 2006, and provides a snapshot of Egypt's stock market performance.

Timothy Gutkowski-Stoltenberg

Senior Writer

Timothy Gutkowski-Stoltenberg is a seasoned writer with a passion for crafting engaging content. With a keen eye for detail and a knack for storytelling, he has established himself as a versatile and reliable voice in the industry. His writing portfolio showcases a breadth of expertise, with a particular focus on the freight market trends.

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