The vice president of the Egyptian Exchange, Mohsen Adel, revealed on Sunday that 10,000 new investors entered the EGX since the beginning of 2018 through 31 March.
This came during the session Capital Market Reform in the Portfolio Egypt Conference 2018 on Sunday, which was organised by Al Mal GTM, under the title of Opportunities and Challenges of the Reforms Era.
Adel added that the capital market has developed significantly, pointing out that the current foreign exchange rates of 20-25% per session.
The vice president of the EGX explained that for the first time the stock market is witnessing higher ratios of financial institutions dealing than individuals.
“We need to have larger amendments in the capital market not limited to legislation and rules, but more related to market workers,” he stressed.
The annual report of the EGX that was published in December 2017 revealed that the market was successful in attracting 22,000 new investors in 2017 compared to 17,000 new investors in 2016, an increase of 29.4%.