Chairman of EGX
Farid also anticipated listed companies to raise their number of free trading shares which will result in more liquidity in the market.
Farid said that three private firms expressed their desire to enter the market, noting that the procedures of the offering have started.
Farid added that the delay of listing the shares is not related to the bourse but to the companies themselves
AELP is an electronic linking project between African exchanges to promote intra-continent investments in the continent
Farid clarified in a news conference that this step comes with EGX’s plan to restructure the indices.
Farid said in a news conference Thursday that foreign purchases amounted to LE 2.04 billion during the period from September 2014 to October 2016.
This came during his participation in a conference on "How to strengthen corporate governance" in Portugal last week
Foreign investors were net buyers during the first quarter of 2018 at LE 8.7 billion, compared to LE 3.1 billion in the fourth quarter of 2017.
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