Egypt Bourse Winner of Most Innovative Stock Exchange for Year 2014

Big 5

Egyptian stock Exchange has won the “Most Innovative African Stock Exchange of the year Award” by Africa investor (Ai), a leading international investment and communications group, the bourse announced in a statement on Monday.

This was during the Ai CEO Institutional Investment Summit, which took place recently at the New York Stock Exchange (NYSE).

The announcement was made in the presence of the biggest financial and investment institutions around the world which manages trillions of dollars worth of investments.

Egypt’s bourse chairman Mohamed Omran said “glade that we received this new international recognition after continuous effort in the last period to create a transition in the market performance,”

“Last year, the market witnessed the launching of a big number of tools like block trading, T+0,  for securities traded by the Intra-day Trading System, and Pre-open session, in addition to expanding trading hours to accommodate for the increase in volumes,” he added

Africa investor is a specialist investment and communications group advising governments, international organisations and businesses on communication strategies for capital market and foreign direct investments in Africa.