LE 13.7 Billion Increase in Market CapitalizationSource: www.export-egypt.com 8/7/2012, Location: Africa |
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Investment Minister Osama Saleh met with two top financial officials to discuss latest non-banking developments. Financial Supervisory Authority chief Ashraf el-Sharqawi, who attended the meeting, along with Mohamed Omran, the Egyptian Stock Exchange chief, reviewed authority's plans to promote the market, said the Ministry of Investment in a statement.
Saleh underscored the necessity to study a set of measures to give a new impulse to non-banking activities, said the statement. The bourse's head, for his part, reviewed the recent updates of the stocks exchange. Omran said that the market capitalization of the Stock Exchange has increased over the past week by LE 13.7 billion and that is an indicator for the investor confidence in the cabinet and political stability during the next phase. |
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