FEAS Yearbook FEAS Yearbook 2015 | Page 23

ANNUAL REPORT 2015 FEDERATION OF EURO-ASIAN STOCK EXCHANGES EGYPTIAN EXCHANGE Market capitalization jumps during 2014 to its highest level in five years. Dr. Mohammed Omran Chairman In a year that full of challenges whether internal, external, political & economic challenges, EGX has continued to reinforce and improve its position and was able to exhibit strong performance in 2014. Undoubtedly, the year 2014 is considered “The Egyptian Exchange Year”. Our market indices surged noticeably, pushing the Egyptian market to come as one of the best performers compared to the world’s markets as per Morgan Stanley indices. Additionally, EGX registered high trading records; the market capitalization has surpassed LE 500 billion during the year 2014, reaching its highest level since 2009. The market has also witnessed increasing liquidity levels, whereby the trading volume has jumped to 57 billion securities; the highest -ever in EGX history. On the other hand, at the end of the year, Fitch raised Egypt’s credit rating for the first time since 2011, which is considered a good sign of Egypt’s economic recovery, indicating its ability to return back to its former strength, given the continued economic development and modernization programs & political stability. The capital increases and IPOs have also witnessed vigorous upsurge during the year, which came within the framework of our continued efforts in supporting the Egyptian economy through providing necessary funds for companies, helping them to expand and grow. key HigHligHts Of tHe year Companies and market capitalization Market capitalization (USD million) Number of traded companies Number of listed companies Domestic companies Foreign companies Number of new listings Trading Total value traded (USD million) Total volume traded (million) Total number of transactions (thousand) Turnover ratio (%)* Index EGX 30 Index (Main index) 31.12.2013 31.12.2014 70,181 231 247 246 1 13 61,713 227 236 235 1 9 40,726 57,229 7,327.12 38 23,331 29,190 4,790.28 21 8,926.58 6,782.84 On the international front, EGX has attained an impressive international recognition and appreciation during the year 2014, attaining several international positions, which come within the framework of our plan to restore Egypt’s prominence regionally & internationally. We’re very satisfied with what we have achieved and the challenges we have faced, it’s been a tough ride no doubt but we are looking forward to more achievements in the coming years. “ The result of the good market performance, the market capitalization has surpassed LE 500 billion during the year 2014, reaching its highest level since 2009. ” * for the main market (after excluding deals) ABOUT THE EGYPTIAN EXCHANGE Established: 1883 Chairman: Dr. Mohamed Omran Address: 4A, El Sherifien St., Postal Code 11513 P.O. Box 358 Mohamed Farid, Downtown, Cairo Contact name: Sara Magdy E: [email protected] W: www.egx.com.eg FULL MEMBERS 21