Egx Continues Its Efforts to Develop the Stock Market Regulatory Framework in 2019
Posted: Tuesday, 4 Dec 2018
During his participation in the 5 th CEO’s thoughts conference 2018, Mr.
Mohamed Farid, EGX’s Chairman highlighted EGX’s strategy to develop the
Egyptian Stock Market.
Farid said "We are working with all stakeholders to implement the short
selling mechanism, expected to be launched during the first quarter of year
2019” Adding “EGX will issue the decision regulating market making in the
Egyptian market within days”.
He emphasized that EGX’s management is working in coordination with the
European Bank EBRD on the restructuring and the development of its SME
market to create a financing platform that supports SMEs growth in Egypt,
adding that this project will be based on a comparative study of all
relevant/similar successful markets globally, expecting the study to be
completed in the second half of 2019.
He concluded by stressing on the importance of educational awareness adding
“As part of EGX’s management continuous efforts to raise the awareness of
capital market to the public, we have collaborated with the Ministry of
Education to develop educational material to be part of the school’s curricula
to familiarize students with the fundamentals of investment.