Egypt’s stock market to see boom in 2015: EGX Chairman

Egypt’s stock market will see a big leap in 2015 after its “auspicious start,” as two companies with 250 million EGP in estimated total capital were recently listed, predicted the Egyptian Exchange’s (EGX) chairman Dr. Mohamed Omran.

In an interview with Youm7 and The Cairo Post, Omran said another “rosy sign” reflecting investors’ confidence in the Egyptian market is the anticipated listing of Emaar-Misr, a subsidiary of Dubai-based Emaar Properties.

Reviewing the EGX’s performance last year, Omran said 2014 was “unique,” and since June, 30, 2014 until the end of 2014, the benchmark index EGX30 jumped 90 percent, marking investors’ optimistic outlook for Egypt’s economy.