Egypt’s New Bourse Chief Says Market Will Not Shut Down On June 30

In his first official statement, the newly-designated Chairman of the Egyptian Exchange Mr. Atef Yassin El-Sherif said he is determined to implement a comprehensive strategy to activate the stock market, both the levels of traded volumes, listed companies and new investors.

Mr.  El-Sherif further noted that traders will be have the opportunity to participate in a transparent dialogue over the capital market mechanism.

Traders in Egypt will contribute to upgrading the market in addition to reaching solutions to its problems and challenges, he added.

Moreover, the top official indicated that EGX would not shut down on June 30, noting that the currently-applied precautionary steps are sufficient for the upcoming events.