Dr. Omran: Morsi’s Financial Plans To Affect Market Regardless MB Affiliation

Dr. Mohamed Omran, Chairman of the Egyptian Exchange (EGX), has said the religious affiliation of the newly-elected president Dr. Mohamed Morsi – as being a former leading member in the Muslim Brotherhood (MB)-  shall neither affect the market performance nor the volume of the foreign and Arab investments.

“Dr. Morsi’s performance as the head of the state besides his financial policies to be adopted shall determine the amount and the volume of the foreign investments in the Egyptian market.” Omran added

The EGX Chairman has also mentioned that the EGX early session upwards on Monday – the first trading day after announcing Dr. Morsi as Egypt’s new president – had been due to the end of the state of tension and lack of clarity Egypt witnessed before announcing the election results.