Egypt Bourse’s Turnovers Climbs 3-year High in 2014 – Chief

As 2014 is almost over, Egypt’s stock market turnovers are nearing a 3-year high, bourse’s chief Mohamed Omran announced on Saturday.

According to Omran, the Egyptian stock Exchange (EGX)’s turnovers have remarkably surged to EGP 187 billion (US$26.1 billion) throughout the trading sessions of 2014, the highest since 2010.

The Egyptian official said the 3-year highest rate came in the light of the country’s recent amendments to the listing rules and regulations.

Furthermore, Omran referred that the Egyptian Exchange for SMEs, known as NILEX, had also witnessed a remarkable progress in values of trades, which reached EGP 753 million.