EGX to launch sharia-compliant index in Q3

The move is part of the EGX’s endeavor to attract new investors to the Egyptian market

Staff Writer, Arab Finance

June 21, 2023

PHOTO

The Egyptian Exchange (EGX) intends to launch a Sharia-compliant index during the third quarter (Q3) of 2023, EGX’s Chairman Rami El-Dokany told Asharq Business on June 20th.

The move is part of the EGX’s endeavor to attract new investors to the Egyptian market, according to El-Dokany.

El-Dokany added that the EGX is considering launching new contracts for investing in gold, in addition to starting trading in the derivatives market in Q3 2023.

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