Egyptian Exchange – Location, Trading hours, days and info

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.

A. Sulthan

Author and Assistant professor in finance

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