PM reaffirms gov’t commitment to developing stock market performance
The meeting also tackled preparations for government offerings, including efforts to ready companies for trading and prepare major entities, both state-owned and private, to take advantage of new tax incentives for listings and trading on the Egyptian Exchange.
The attendees further explored new mechanisms for short selling, derivatives and market makers, as well as measures encouraging private insurance funds to invest required portions of their assets in shares and equity investment funds listed on the Egyptian Exchange.
The meeting reviewed plans to transform the Egyptian Exchange into a joint-stock company, with the possibility of eventually listing it, while also reviewing upgrades to its trading and market-surveillance technology infrastructure.
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