Omran: EGX In Talks With Investment Banks On Market Upgrade

Dr. Mohamed Omran, Chairman of the Egyptian Exchange, said the bourse plans to intensify its talks with the Egyptian investment banks within the coming period for the purpose of market development.

Omran added that investment banks can play a pivotal role within the current phase to boost the Egyptian market and increasing the value traded in the EGX. This would be through the banks’ contributions in attracting more firms to invest in the main market and NILEX.

Omran forecasted that the EGX’s performance will witness further improvements amid a number of positive economic indicators such as the International Monetary Fund (IMF) loan alongside cooperation agreements signed recently.

Referring to activating bonds market, Omran stated that he discussed with the Prime Minister Hisham Kandil so as to start the activation process.