Foreign investors trading at bourse hits record in 2016

Foreign investors trading at the Egyptian bourse hit a record in 2016 standing at EGP 7 billion, Egyptian Exchange Chairman Mohamed Omran said.

At a press conference on Tuesday on the bourse's annual report, Omran said non-Arab foreign investors' net purchases recorded EGP 5.8 billion, while Arab investors net purchases stood at EGP 1.1 billion during 2016.

The Egyptian bourse worked hard during 2016 to promote the Egyptian market and lure foreign investments.

During 2016, a series of meetings was held with key international financial and investment associations, including Ashmore Foundation and the Bank of New York, on means of boosting the Egyptian economy.

Source: MENA