The Egyptian Exchange (EGX) said on Monday it will launch stock futures contracts on shares of Commercial International Bank (CIB) and Talaat Moustafa Group Holding (TMG) from June 18, as part of efforts to develop the country’s financial derivatives market.

The contracts will have three-month and six-month maturities and a contract size of 100 shares.

(Writing by Ahmad Mousa; editing by Seban Scaria)
Ahmad.mousa@lseg.com