The Clap
EGX Chairman Rami El-Dokany, identified 5 main verticals the EGX is focused on in its strategy during 2023, and through which it’ll be able to complete its upward trajectory.
What
- Make Egypt the main center for trading carbon certificates in Africa
- Increase trading volumes & therefore increase liquidity
- Relying on a promotional plan targeting high-net-worth investors & funds
- Attracting new companies to be listed
- Expanding the EGX by establishing markets for financial derivatives & commodities
You should know
Derivatives are contracts between two parties that derive their value from an underlying asset.
So what
El-Dokany said that promotion of the EGX to investors is underway, with Saudi being a top target. The carbon certificates market will also be promoted.
Now what
The derivatives market is expected to launch in H2-2023, while the carbon certificate exchange is set to be active by 2024.
