FEAS Yearbook FEAS Yearbook 2008 | Page 25

FEDERATION OF EURO-ASIAN STOCK EXCHANGES
SEMI ANNUAL REPORT OCTOBER 2008
CAIRO & ALEXANDRIA STOCK EXCHANGES
OFFICIAL 6 MONTH STATISTICS
US$ millions
Total Volume
Average Daily Volume
# Shares millions
Total Volume
Average Daily Volume
Stocks
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 19,275.12
6,963.13
10,337.70
8,031.38
11,781.86
7,348.37
63,737.56 963.7559
348.1567
492.2716
401.5688
589.093
334.0169
521.48 1,777.87
1,933.47
2,797.13
2,355.61
2,482.94
1,760.10
13,107.12 88.8936
96.6733
133.1969
117.7806
124.1468
80.0047
106.78
Bonds
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 149.0053
138.991
720.5529
537.0391
616.7663
285.674
2,448.03 7.4503
6.9496
34.312
26.852
30.8383
12.9852
19.90 0.0778
0.7382
3.8572
2.7757
3.2811
1.5304
12.26 0.0039
0.0369
0.1837
0.1388
0.1641
0.0696
0.10
Other
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 432.2686
668.1151
2,076.46
7,672.72
708.755
1,149.89
12,708.20 21.6134
33.4058
98.8791
383.6359
35.4377
52.2676
104.21 285.1354
149.993
169.8291
285.2128
378.4484
305.0171
1,573.64 14.2568
7.4997
8.0871
14.2606
18.9224
13.8644
12.82
Market Capitalization (US$ millions)
Index
Jan-08
150,454.33
10,318.06
Feb-08
163,193.06
11,335.22
Mar-08
157,702.08
11,357.38
Apr-08
160,478.76
11,786.51
May-08
163,376.10
11,057.33
Jun-08
151,460.21
9,827.28
PRACTICES & PROCEDURES
Trading
Days
Hours
Sunday-Thursday
Over-the-counter, Deals Market 9:45 - 11:15
Orders Market 14: 30- 15:00
Listed Securities 10:30 - 14:30
Market segmentation
Stocks (physical-dematerialized- active stocks- non-
active stocks-bonds)
System
Automated, no depository link, data dissemination,
remote login, WAN
Mechanisms
Primary market, continuous auction
Market-maker/Specialists No
Instruments
Stocks/bonds/close ended mutual funds
Currency
Local and US$
Real time information
Best bid/ask, last price, last volume, total volume,
order book, counter-parties, listed company
announcements
Clearing & Settlement
Central Depository
Period
Registered
Settlement
Clearing
DVP
Clearing Institution
Risk Sharing
Margin/Lending
Custodians
Central
T+3
T+2 (for the 22 most active stocks)
T+1 (for the government bonds traded by the primary
dealers)
Yes
Book entry, physical
Netting
Full DVP
Separate entity MCSD, only 5% owned by CASE
Yes
Not yet implemented
Banks, clearing members
Taxes
Cash Dividends
Interest Income
Capital Gains
Structure & Regulations
Legal
Regulation
Securities market
regulations
Trading rules
Surveillance
Corporate actions
Trading halts regulations
Investor protection
Foreign Participation
Foreign investors
Investment limitations
Repatriation
None
None
None
Special status within the law
Not self-regulated
Capital market authority
Shared regulatory responsibility
Yes
Yes
Yes
Yes
Allowed, No restrictions
No limitations
No restrictions
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