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EGX chief, CPYP delegation discuss cooperation on financial awareness

CPYP members have discussed cooperation with the EGX to stimulate trading and increasing the number of investors

Ahram Online , Monday 10 May 2021
EGX
EGX chief meets with a CPYP delegation to discuss cooperation to raise financial awareness (Photo courtesy of the CPYP)
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Egyptian Exchange (EGX) Chairman Mohamed Farid met with members of the Egyptian Coordination's Committee of Party's Youth Leaders and Politicians (CPYP) at the bourse headquarter on Monday to discuss cooperation about how to raise the financial awareness across society.

In a statement, the EGX said its chairman and a delegation of 17 CPYP members discussed cooperation around increasing financial awareness of the basics of stock market investing and financial culture in society.

The CPYP delegation included members of the House of Representatives and the Senate.

The CPYP members discussed cooperation with the EGX in order to stimulate trading and increase the number of investors.

They also reviewed an effort to enhance the EGX’s role in supporting economic and social development.

Farid and the CPYP delegation reviewed the comprehensive economic reform programme adopted and implemented by the Egyptian government.

Farid noted that the reform programme included financial, monetary and structural reform. He said the program also did not ignore the policies protecting the underprivileged people, mentioning the implementation of the “Takafaul w Karama” social protection programme.

The EGX chief said these reforms contributed to the further stability of the macroeconomy,  positive growth rates, while also enhancing the role of the private sector.

Farid said the EGX took all the required decisions and measures that contribute to raising liquidity and enhancing trading through an expanded media campaign.

He noted that this campaign aimed to raise financial awareness and facilitate the procedures required for investment and trading.

 

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