On the sideline of the annual FRA conference, Omran explained that the value of securities issuances (stocks, bonds and sukuk) rose to EGP 280.3 billion during 2021
Egypt’s capital market indicators saw significant growth in 2021, as the Egyptian economy continues its recovery from the slowdown caused by the COVID-19 pandemic in 2020, explained the head of Egypt’s Financial Regulatory Authority (FRA), Mohamed Omran.
On the sideline of the annual FRA conference, Omran explained that the value of securities issuances (stocks, bonds and sukuk) rose to EGP 280.3 billion during 2021, compared to EGP 193.7 billion during 2020, with a growth rate of 44.7%.
Last year, Egypt saw the first issuance of green bonds in the local capital market by a company with a value of $100 million (equivalent to EGP 1.6 billion), in cooperation with the International Finance Corporation to support the transformation of the Egyptian economy into a green economy, he added.
The FRA head also pointed towards the Egyptian Exchange’s indices rise in 2021, with benchmark index EGX 30 recording around 11,949.1 points (at the close of 2021), with an increase of 10.2% on an annual basis, while the rate of rise in each of the EGX70 EWI and EGX100 EWI indices during this year was 2.6% and 5.1%, respectively
In 2021, the market capitalization of shares listed in the main market increased by 17.6% during the year, reaching EGP 765.6 billion at the end of 2021, compared to EGP 651 billion at the end of 2020.
The total trading value reached EGP 1007.1 billion in 2021, compared to EGP 689.6 billion in 2020, with an increase of 46%.
The value of shares traded recorded EGP 463.6 billion during 2021, compared to EGP 311.6 billion in 2020, with an increase of 49%, while the value of bonds trading reached EGP 543.5 billion during 2021, compared to EGP 378 billion in the previous year, with an increase rate of about 44%.
