The Egyptian Stock Exchange (EGX) is the principal stock exchange of Egypt, located in Cairo. It was established in 1883, making it one of the oldest stock exchanges in the Middle East and Africa. The EGX is a member of the World Federation of Exchanges and the Federation of Euro-Asian Stock Exchanges.
The EGX is regulated by the Egyptian Financial Supervisory Authority (EFSA), which was established in 1998 to oversee the financial sector in Egypt. The EFSA is responsible for regulating and supervising the activities of the EGX, as well as other financial markets and institutions in the country.
The EGX is a market for the trading of securities, including stocks, bonds, and other financial instruments. It operates as a continuous auction market, with trading taking place from Sunday to Thursday each week. The EGX is home to a diverse range of companies, including those in the banking, telecommunications, and energy sectors.
The EGX has undergone significant changes in recent years, as the government has implemented a number of reforms to modernize and improve the efficiency of the market. These reforms have included the introduction of electronic trading systems, the establishment of a central securities depository, and the development of new financial instruments such as derivatives.
Despite these efforts, the EGX has faced a number of challenges in recent years. One major challenge has been the impact of political instability and economic uncertainty on the market. The EGX has also faced competition from other regional stock exchanges, such as those in Dubai and Qatar, which have attracted foreign investment and trading activity.
Despite these challenges, the EGX remains an important player in the regional and global financial markets. Its continued development and modernization will be key to ensuring its long-term success and competitiveness.
