Trading in Egyptian Stock Market Hit Record Numbers of EGP 1 Trillion

The monetary value of stocks in the Egyptian Stock Exchange (EGX) hit over EGP 1 trillion in 2021, a record-breaking number.

Citing the annual report, ‘2021: The Year of Managing Recovery, Gearing Up for the Future’, Board Chairman of EGX Mohamed Farid reported  an increase from EGP 670 billion in 2020. That is a 49% growth in just one year. And for obvious reasons, it was a year that was economically difficult for the whole world.

In 2021, trading on bonds rose to an all-time high of EGP 544 billion. The capital of the listed companies rose by EGP 20 billion, compared to EGP 8.7 billion in 2020.

Egypt has recently resumed its initial public offering (IPO) programme for the state-owned enterprises following a pause due to the pandemic. Since resumption, Initial Public offerings IPOs hit over EGP 12 billion, up from EGP 2.6 billion in 2020 and EGP 950 million in 2004.