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Egypt Securities issues grow 44% to 280 billion pounds

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The Egyptian Financial Supervisory Authority revealed that capital market indicators witnessed substantial growth over the past year 2021, following the start of the Egyptian economy’s recovery from the slowdown that accompanied the Corona pandemic during the year. year 2020.

The president of the Authority, Dr. Mohamed Omran said at the annual financial supervision conference that the value of securities issues (stocks, bonds and sukuk) rose to £ 280.3bn in 2021, compared to £ 193.7bn in 2020. , with a growth rate of 44.7%.

He pointed out that the year 2021 saw the first issuance of green bonds in the capital market in Egypt by a company worth $ 100 million (equivalent to 1.6 billion Egyptian pounds), in collaboration with the International Finance Corporation to support the transformation of the Egyptian economy in a green economy.

Omran pointed out that the market capitalization of shares listed in the main market increased by 17.6% during the year, reaching £ 765.6 billion at the end of 2021, compared to £ 651 billion at the end of 2020.

Total trade value was £ 1007.1 billion in 2021, compared to £ 689.6 billion in 2020, an increase of 46%.

It said the value of equity trading reached £ 463.6 billion in 2021, compared to £ 311.6 billion in 2020, an increase of 49%, while the value of bond trading reached 543.5 billions of pounds in 2021 compared to 378 billion pounds the previous year, an increase rate of around 44%.

The head of the Financial Supervisory Authority indicated that the Egyptian stock market indices increased over the course of 2021, as the main index reached about 11,949.1 points (at the end of 2021), with a growth rate of 10.2 % over the previous year, while the growth rate in each of the stock indices of medium and small companies reached E the broadest one during questyear at 2.6% and 5.1% respectively.

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