Economy recovering, EGX records show: Dcode EFC Report

Egypt’s economic recovery has been demonstrated by its EGX30 records according to a Dcode Economic and Financial Consulting (Dcode EFC) report, released in this month.

The report specified that measures were taken by the Egyptian Financial Supervisory authority (EFSA) and EGX that helped in providing simpler listings rules.

The measures included the release of rules for “governing block trading” as well as the completion of regulations concerning the listing and trade of “Exchange Trade Funds (ETFs)” on EGX.
Head of Dcode EFC Mohamed Farid told Daily News Egypt: “Dcode made an agreement with the organisers of the Summit to provide them with sequential economic reports that reflect the reality of the economic situation in Egypt, as a move designed to broadcast positive messages about the market to the local and international communities’ before the commencement of the summit.”