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World Exchange Congress 2010
22 March 2010 - 25 March 2010
Barcelona, Spain
The 5th annual World Exchange Congress is designed to address and answer all of these questions as it brings together 250 CEO and industry leaders over 4 days and 27 panel discussions. Visit http://www.worldexchangecongress.com for more details.
http://www.worldexchangecongress.com
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 Egyptian Exchange
Maged ShawkeyDespite the repercussions of the global financial crisis, the Egyptian market has shown a good performance during 2009. The year has started, though, on a negative note till February, where EGX 30 Index touched one of its lowest levels over the past four years, however it bounced back by 83% from its lowest point in year 2009 to conclude the year with an annual increase of 35%.
The Egyptian Exchange has also been able to achieve good trading records in 2009, with a total trading value of LE 448 billion compared to LE 530 billion in the previous year. Meanwhile, the volume traded soared to 37 billion securities in 2009 surging by 43% compared to last year. Likewise, the number of transactions recorded 15 million transactions this year versus 13.5 million in 2008.
The number of listed companies continued to decrease, reaching 306 companies at the end of 2009, down from 373 at the end of 2008, owing to EGX effective policy in enforcing listing, disclosure and corporate governance rules on issuers. The percentage of the total number of traded companies to listed companies reached 94% in 2009, up from 86% in the previous year.
Despite the decrease in the number of listed companies, the total market capitalization reached LE 500 billion this year, surging by 5% compared to the last year, representing 48% of GDP.
Moreover, the Egyptian Exchange continued its efforts to increase the transparency available in the market. In that respect, EGX launched 2 new price indices; EGX 70 Price Index, that measures the performance of the 70 active companies, after excluding the 30 most active constituent-companies of EGX 30 Index, as well as EGX 100 Price Index, that tracks the performance of the 100 active companies, including both the 30 constituent-companies of EGX 30 Index and the 70 constituent-companies of EGX 70 Index. Both indices, EGX 70 index and EGX 100, soared during 2009 to conclude the year with an increase of 33% and 36%, respectively.
Additionally, EGX launched a new version of its website; www.egx.com.eg, that includes a wealth of information about EGX indices, issuer information, market data, education corner, international relations and information services, with a better navigation, more user-friendly interface and easier access to information.
With regards to NILEX, the mid and small cap market in the Egyptian Exchange, thirteen financial institutions were granted the license to be nominated advisors during 2009, raising the number of nominated advisors in NILEX, to 23 financial institutions, which reflects the interest of many financial institutions in the small and medium enterprises. Four companies, operating in different sectors, have got listed on NILEX to conclude 2009 with seven listed companies.
On the International front, the Egyptian Exchange is eager to strengthen and maintain strong relations with the regional and international exchanges and associations. During 2009, the Egyptian Exchange signed memoranda of Understanding with several Exchanges, namely; Casablanca Stock Exchange, Shenzhen Stock Exchange, Amman Stock Exchange, Libyan Stock Market and the Iraqi Stock Exchange. The MOUs tackled the areas of mutual cooperation on capital markets' developments including exchange of information, experts, staff and experiences for the respective benefit of the securities markets.
With these developments in the market, I trust that EGX is on the right path to achieve its vision of being a World-Class Egypt-based Exchange: the Premier Capital Market in the Middle East & North Africa Region.
Chairman
Egyptian Exchange
Egyptian Exchange page on FEAS Website »
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