The Egyptian Exchange (formerly known as the Cairo and Alexandria Unified Stock Exchanges ) is a two-part exchange - the Alexandria Exchange (opened in 1888 ) and the Cairo Exchange (opened in 1903 ). The merger of exchanges took place in the early 1920s . In 1940-1961, the combined exchanges were among the five largest stock exchanges in the world. In 1961, as part of economic reforms, the exchange was nationalized and closed. In 1992, in connection with the next change in the economic course, the government adopted a law on the capital market, which restored the exchange . State owned, but managed on a commercial basis.
- Trading volume: $ 26.241 billion ( 2005 ).
- Listing : 694 companies ( 2006 ).
- Capitalization : $ 76.665 billion (2006).
- Main index : CASE 30 - reflects the value of the 30 most liquid shares of Egyptian companies listed on the stock exchange .
| Egypt exchange | |
|---|---|
| Type of | Stock Exchange |
| Location | Cairo , Egypt |
| Year of foundation | |
| Currency | Egypt pound |
| Stock market capitalization | EGP 390.1 billion ( June 21, 2016 ) [1] |
| Web site | www.egx.com.eg |
Content
Events and incidents
In 1907, as a result of the crisis provoked by the bankruptcy of a large Alexandrian bank, Cassa di Sconto , the Cairo Exchange crashed and was closed. Bidding was resumed only in 1909 .
Notes
- β Market Summary (June 21, 2016). Date of treatment June 22, 2016.
Links
See also
- List of stock exchanges