Egyptian Exchange among 2023 best-performing stock markets in Arab world

In terms of countries, Egypt led the region in listed bond and treasury bills issuances last year

Staff Writer, Arab Finance

April 3, 2024

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The Egyptian Exchange (EGX) was one of the best-performing stock markets outside the Gulf Cooperation Council (GCC) region in 2023, reporting the largest year-on-year (YoY) increase of 70.5% in 2023, as per the annual report released by the Arab Federation of Capital Markets (AFCM).

The benchmark EGX30 index broke historic, with a peak value achieved at 25,945 points, the report showed.

The report also revealed that EGX's total market capitalization of restricted shares went up to $55.6 billion, marking a 43.1% YoY increase, demonstrating its resilience and appeal to investors.

In terms of countries, Egypt led the region in listed bond and treasury bills issuances last year, with a share of 41%, equivalent to $ 24.8 billion.

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