The Clap
The EGX is studying the possibility of joining the Tabadul platform, which will allow investors to invest directly in the Gulf markets part of the platform.
What
The platform was established jointly between the Bahrain Bourse and the Abu Dhabi Stock Exchange (ADX) and was joined by the Muscat Stock Exchange of Oman recently.
The platform will allow Egyptian investors to buy directly in the Gulf markets, and will also allow Gulf investors to invest directly in Egyptian companies without the need for coding in the EGX.
So What
This step will aid in attracting Arab investors to invest in the EGX, which in turn will increase liquidity in the market.
Now What
Rami El Dokany, the EGX president, expressed his desire for the EGX to join the Tabadul platform after economic conditions improve, especially given that more Gulf markets are expected to join the platform.
