|
Head Quarters |
Cairo and Alexandria |
|
Founded |
1997 |
|
Trading Days |
Sunday – Thursday |
|
Time Zone (GMT) |
Eastern European Time (+2:00) |
|
Trading hours |
10:00 – 14:30 |
|
Companies listed |
172 |
|
Market Capitalisation |
705 billion |
|
Currency |
Egyptian pound |
|
Official Page |
www.egx.com.eg |
Source:[Egyptian Exchange]
The Egyptian Exchange is one of the oldest stock markets established in the Middle East. The Egyptian Exchange traces its origins to 1883 when the Alexandria Stock Exchange was established, followed by the Cairo Stock Exchange in 1903. The Alexandria Stock Exchange was officially established first in 1883, followed by Cairo in 1903. The two Exchanges were very active in the 1940’s and Alexandria Stock Exchange was ranked the fifth in the World.
The Presidential Decree No. 51 for year 1997 re-defined the legal structure of the Exchanges and accordingly EGX have two locations: Cairo and Alexandria but they have one Chairman and one Board of Directors. There are three types of securities traded on EGX. Equity or Shares (Common and Preferred), fixed income (Government and Corporate bonds) and Close-ended Mutual Funds.
