This surge brings the total number of registered investors to over 740,000 as of June 20.
Chairman of the Egyptian Stock Exchange Rami El-Dokany emphasized the Egyptian Stock Exchange's efforts to increase local institutional investment - File Photo
The Egyptian Stock Exchange has experienced a significant influx of new investors, with a total of 224,000 individuals registering during the first half of 2023, according to Rami El-Dokany, the Chairman of the Egyptian Stock Exchange.
This surge brings the total number of registered investors to over 740,000 as of June 20.
The majority of these investors, approximately 98%, are individuals, while the remaining 2% represent institutional investors.
In terms of nationality, Egyptians account for 98% of the investor base, while the remaining percentage is evenly divided between Arab and foreign investors.
During a press conference held at the Egyptian Stock Exchange headquarters in Smart Village, El-Dokany highlighted the distribution of new registered investors, with 224,200 Egyptians, 1,000 Arab investors, and 1,200 foreign investors. Among these, 224,900 are individual investors, and 1,500 represent institutions.
El-Dokany emphasized the Egyptian Stock Exchange's efforts to increase local institutional investment and enhance liquidity in the Egyptian stock market. These endeavors have led to a rise in investments from EGP 4.4 billion on January 22 to EGP 23.5 billion on June 23.
Furthermore, the stock exchange is actively engaging with various government institutions with high liquidity ratios to reallocate their assets towards listed securities on the exchange.
Currently, treasury bills and bonds comprise 75% of the total assets held by these institutions. Notable institutions involved in this initiative include Egypt Insurance Holding Company, the General Authority for Insurance and Pensions, the General Authority for Health Insurance, the Egyptian Awqaf Authority, and the Egyptian Postal Service.
In addition to the surge in investor numbers, Egypt has witnessed a robust inflow of foreign direct investment (FDI) in recent months.
Major international corporations have expanded their operations in the country, demonstrating their confidence in Egypt's economic potential and the government's commitment to implementing investor-friendly reforms.
These positive developments, coupled with the Egyptian government's ongoing efforts to develop infrastructure and bolster the industrial sector, indicate a promising trajectory for Egypt's economic growth.
