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Egypt's Market Capital has Doubled Since 2014

Egypt's stock market capital has doubled since President Sisi began his first term.

Staff Writer

Egypt's Market Capital has Doubled Since 2014

Egypt's Stock Exchange, EGX, has achieved large gains during the first presidential term of Abdel Fatah al-Sisi. The market capital has grown from EGP 460 billion to EGP 930 billion, an increase of 102 percent, according to Egypt Today. This is the largest amount increase achieved by the stock market in any period and new records are expected to be broken in President Sisi's next term, according to Egypt Today.

The benchmark index also reached a record high during Sisi's first term as president with a whopping 16,414 points, the highest it has ever been since it was established in 1883. 

Since the January 21'st revolution of 2011, Egypt's economy was in for a rough ride, dealing with inflation and capital flight, however it seems that Egypt may be a little way down the road to recovery as the Egyptian stock market, EGX, was recently ranked the 5th best performing stock exchange in the world, based on data from Country Economy.