Insurance funds achieve good return in stock market

CAIRO – 5 July 2017: Investment, insurance and pension funds achieved good return, although their current rates do not exceed 1 percent of insurance allocations, Egyptian Exchange (EGX) chairman Mohamed Omran stated on Tuesday.

Omran added that these funds are of the main supportive pillars for stock markets, owing to their long-term investment nature and policy.

These funds represent 13 percent in the Gulf markets and reach around 40 percent globally, Omran further noted.