EGX plans treasury bill index to meet rising demand
The Egyptian Exchange (EGX) is studying the launch of a treasury bill index to address rising investor interest in the asset class. EGX Chairman Ahmed El Sheikh discussed the initiative with Prime Minister Mostafa Madbouly in a meeting on Monday evening.
El Sheikh reaffirmed EGX’s commitment to executing strategic targets, particularly launching a new trading system and refining market regulations in line with actual market needs. He also noted that EGX is developing a new index integrating Sharia-compliant and sustainability standards, which was previously highlighted as part of efforts to provide more diversified investment options.
The discussions further covered a set of investment incentives aimed at encouraging new listings on the exchange, reinforcing Egypt’s capital market growth.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama