Egyptian Exchange launches online platform for discussions, recommendations

Ahram Online , Tuesday 9 Jul 2024

The Egyptian Exchange (EGX) announced on Tuesday the launch of the “stock exchange dialogue” platform on its online portal.

EGX trading hall
File Photo: EGX trading centre. Photo courtesy of State information service.

 

The platform will contain a form for collecting suggestions and allow the EGX website visitors to express their opinions on understudy topics.

It aims to gather opinions of the market's different sectors to enrich the decision-making process, aligning with the EGX-boosting strategy. This strategy was approved in January to create a national constructive dialogue with all the market sectors.

In a statement, EGX said its platform will join other discussion platforms and blogs of private brokerage firms, allowing investors to express their opinions on different stocks and share their investing endeavours.

According to the EGX data, EGX indexes have also exhibited a steady rise since the start of 2024, with the EGX30 index rising by 13.83 percent, the EGX70 index demonstrating a 15.63 percent rise, and the EGX100 showing a 16.22 percent rise.

Additionally, the EGX had recently launched the EGX33 index, a Sharia-compliant index under the supervision of Al-Azhar which includes 33 local firms.

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