EGX to launch CIB, TMG futures contracts on 18 June

Egypt’s Egyptian Exchange (EGX) will launch futures contracts on shares of Commercial International Bank (CIB) and Talaat Moustafa Group Holding (TMG) from 18 June, offering three and six-month maturities with a contract size of 100 shares. The bourse said on Monday.

The new contracts aim to provide investors and financial institutions with more efficient risk management and hedging tools, while supporting investment strategies, enhancing market depth, and improving pricing efficiency.

The launch forms part of the EGX’s strategy to develop the financial derivatives market and diversify the financial instruments and investment products available to investors, helping improve market efficiency and attractiveness.

The move follows ongoing coordination between the EGX and Egypt’s Egyptian Financial Supervisory Authority (FRA), which approved the contract specifications in line with futures trading regulations to ensure efficient and secure trading, clearing, and settlement operations.

EGX Chairman Omar Redwan said the launch marks a new step in the exchange’s strategy to expand investment products and develop the derivatives market. He added that the initiative aims to increase trading depth, provide effective risk management tools, strengthen the competitiveness of Egypt’s capital market, and attract new local and international investors.

Attribution: Amwal Al Ghad English