The exchange has also provided educational publications tailored to different age and social groups to stimulate financial awareness among young people.
Egypt has been implementing various economic reforms since 2016 - File Photo
The Egyptian Stock Exchange (EGX) is ramping up efforts to encourage young people to invest their savings in the stock market.
As part of a promotional campaign, the exchange is using Facebook and distributing educational brochures featuring illustrated guides to financial and investment tips that individuals should know to take advantage of securities listed on the exchange as a means of investment and savings.
The exchange has also provided educational publications tailored to different age and social groups to stimulate financial awareness among young people regarding key financial and investment terms.
This initiative aims to introduce the basics and principles of investing in securities and emphasizes the importance of the EGX as a platform for individual investment and savings.
The government has taken concrete steps to promote financial literacy and awareness. The General Authority for Financial Supervision has previously discussed with the ministries of education and higher education the integration of financial literacy into the curriculum.
Additionally, the government has collaborated with the Ministry of Youth and Sports to spread financial literacy among sports club-goers and youth centers, creating a new generation that is aware of the importance of financial literacy in increasing national savings rates.
This positive trend has a significant impact on investment rates, employment, competition, innovation, product quality, and risk management.
The EGX is also counting on government offerings to achieve various strategic objectives, including improving its performance and encouraging institutional investment, enhancing the trading environment, increasing the number of listed companies, providing foreign currency liquidity in a short period, restructuring some of the state's assets and enhancing their efficiency, and raising the market capitalization of the EGX to gross domestic product.
Egypt has been implementing various economic reforms since 2016 to restore macroeconomic stability and create a conducive environment for investment.
These reforms have led to significant improvement in various economic indicators such as GDP growth, foreign reserves, and credit ratings. Additionally, the country's financial sector has shown resilience during the COVID-19 pandemic, with stable financial markets and robust regulatory frameworks.
