Chairman of Egyptian Exchange vows to ‘implement policies to enhance EGX performance'

MENA , Sunday 28 Aug 2022

Chairman of the Egyptian Exchange (EGX) Ramy El-Dakkani said Sunday that he will act to implement policies needed to upgrade the performance of the EGX.

Chairman of the Egyptian Exchange (EGX) Ramy El-Dakkani
A file photo of Chairman of the Egyptian Exchange (EGX) Ramy El-Dakkani. Photo : Al-Ahram


In statements after emerging from a meeting with Chairman of the Financial Regulatory Authority (FRA) Mohamed Farid earlier today, El-Dakkani vowed to coordinate action with all concerned bodies to enhance trading.

Hopefully, the future will herald a new start for the Egyptian stock market, Dakkani said, stressing the need for further coordination and integration among all concerned bodies.

For his part, Farid said partnership with all concerned parties is important to complete development efforts meant to upgrade the efficiency and competitiveness of the Egyptian stock market. This, in turn, will allow the market to continue supporting the government’s efforts to achieve economic and social development goals.

Farid made it clear that the future will witness increased cooperation between the FRA and all concerned bodies, chief among which is the EGX, in order to maintain market stability, safe transactions and rights of all investors.

Technical teams will be formed from both the FRA and EGX with the aim of boosting cooperation between the two sides in order to expedite the development process of the Egyptian money market, Farid added.

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