Sheikh: Launching the "EGX Gate" application to enable investors to follow market developments this August
During his participation in the sixth edition of the Egyptians Abroad Conference, the Chairman of the Egyptian Stock Exchange reviewed the pivotal role the stock market plays in supporting the national economy.
Ahmed El Sheikh, Chairman of the Egyptian Exchange, emphasized the importance of the stock exchange as an effective tool for pooling savings and converting them into constructive, productive investments, thus contributing to providing the necessary funding for development projects and achieving sustainable growth.
This came during Sheikh's participation in the fourth dialogue session of the sixth edition of the Egyptians Abroad Conference, where he reviewed the pivotal role played by the Egyptian stock market in supporting the national economy.
The sheikh also highlighted the most prominent advantages the stock exchange offers investors, particularly Egyptians residing abroad, pointing to the incentives and facilities recently introduced, such as the ability to register investors using a valid passport and the availability of comprehensive digital solutions for opening accounts and executing trades through advanced financial technology applications.
He added that these facilities come within the framework of a broader strategy to encourage the participation of Egyptians abroad in financial markets and enhance their contribution to supporting the sustainable growth of the national economy.
The Sheikh highlighted the Egyptian Exchange's efforts to diversify indices and financial instruments and meet the demands of various categories of investors. The Egyptian Exchange launched the EGX33 Shariah Index, which includes the most Shariah-compliant companies among the most liquid companies' stocks, based on an approved Shariah oversight methodology. This constitutes a new tool for investors seeking Shariah-compliant investments. The Exchange also launched the EGX35-LV Index for low-volatility stocks among the most liquid companies' stocks, targeting investors seeking stable investments and providing the possibility of diversifying investment portfolios and reducing risks.
Sheikh also addressed the Egyptian Exchange's efforts to enhance transparency and governance, emphasizing the market's commitment to implementing international best practices in enhancing market information efficiency and protecting investor rights. He also emphasized the development of the technological infrastructure. The "EGX Gate" app is expected to be launched this August, representing a qualitative step toward enabling investors to efficiently and easily monitor market developments and enhance their direct communication with the exchange through a unified digital platform.
He also pointed to the positive performance indicators of the Egyptian Stock Exchange, which is the second largest Arab stock exchange in terms of the number of companies listing securities and financial instruments. He also highlighted its sectoral diversity and ability to attract new investors, reflecting the investment community's confidence in the Egyptian market and its promising opportunities.
Al-Sheikh stated that the Egyptian Stock Exchange has achieved historic performance over the past period. On July 27, 2025, the four main market indices, in addition to the market capitalization, reached unprecedented levels, reflecting increased investor confidence and enhancing the attractiveness of the Egyptian market.
The Sheikh also reviewed the stock exchange's efforts to enhance financial inclusion and expand its investor base. The Egyptian Exchange has achieved a significant increase in the number of new clients over the past two years, driven by the expansion of digital registration technologies and the facilitation of account opening procedures, in addition to intensive investment awareness campaigns. These have contributed to increasing market depth and the volume of individual and institutional participation alike.
He added that the number of new individual investors in the first six months of this year reached approximately 123,000, compared to approximately 100,000 in the same period last year.
The EGX Chairman emphasized that the next phase will witness further initiatives aimed at expanding the base of Egyptian investors abroad, through several activities and events in cooperation with various elements of the capital market system and commercial representation offices. This will enhance the connection of Egyptians abroad to the national capital market and support the state's efforts to increase foreign currency inflows and maximize investments.
