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Egypt's Stock Exchange, now Egyptian Exchange (EGX), comprises two exchanges, Cairo and Alexandria, both governed by the same board of directors and sharing the same trading, clearing and settlement systems.

  • Currently chaired by Dr. Mohamed Omran.

The Alexandria Stock Exchange was officially established in 1883, with Cairo following in 1903. Both exchanges were very active in the 1940s, and the combined Egyptian Stock Exchange ranked fifth in the world. The central planning and socialist policies adopted in the mid-1950s led to the exchange becoming dormant between 1961 and 1992.

In the 1990s, the Egyptian government's restructuring and economic reform programme resulted in the revival of the Egyptian stock market, and a major change in the organisation of the Cairo and Alexandria stock exchanges took place in January 1997 with the election of a new board of directors and the establishment of a number of board committees.

Sherif Raafat, former chairman of the board of directors, sought to modernise the exchange by:

  • Creating a coherent organisation structure with a clear division of authority and responsibilities;
  • Deciding to install a new state-of-the-art trading, clearing and settling system conforming to international standards (in May 1998 a contract was signed with EFA Software Ltd., a Canadian company, to this end);
  • Developing new membership and trading rules, as well as arbitration and dispute resolution procedures;
  • Planning the improvement of the clearing, settlement and payment systems.

Egyptian Exchange sections
Intro  History  Timeline  Modernization Efforts  EGX 30 Index  Taxation Policy  Hours  Egyptian Revolution of 2011  See also  References  External links  

PREVIOUS: IntroNEXT: History
<<>>

Stock::exchange    Title::index    Egyptian::trading    English::exchange    Market::cairo    Stock::december

{{SAFESUBST:#invoke:Unsubst||$N=Copypaste |date=__DATE__ |$B= {{#invoke:Message box|ambox}} }} {{#invoke:Infobox|infobox}}

Egypt's Stock Exchange, now Egyptian Exchange (EGX), comprises two exchanges, Cairo and Alexandria, both governed by the same board of directors and sharing the same trading, clearing and settlement systems.

  • Currently chaired by Dr. Mohamed Omran.

The Alexandria Stock Exchange was officially established in 1883, with Cairo following in 1903. Both exchanges were very active in the 1940s, and the combined Egyptian Stock Exchange ranked fifth in the world. The central planning and socialist policies adopted in the mid-1950s led to the exchange becoming dormant between 1961 and 1992.

In the 1990s, the Egyptian government's restructuring and economic reform programme resulted in the revival of the Egyptian stock market, and a major change in the organisation of the Cairo and Alexandria stock exchanges took place in January 1997 with the election of a new board of directors and the establishment of a number of board committees.

Sherif Raafat, former chairman of the board of directors, sought to modernise the exchange by:

  • Creating a coherent organisation structure with a clear division of authority and responsibilities;
  • Deciding to install a new state-of-the-art trading, clearing and settling system conforming to international standards (in May 1998 a contract was signed with EFA Software Ltd., a Canadian company, to this end);
  • Developing new membership and trading rules, as well as arbitration and dispute resolution procedures;
  • Planning the improvement of the clearing, settlement and payment systems.

Egyptian Exchange sections
Intro  History  Timeline  Modernization Efforts  EGX 30 Index  Taxation Policy  Hours  Egyptian Revolution of 2011  See also  References  External links  

PREVIOUS: IntroNEXT: History
<<>>