الهيئة العامة للرقابة المالية

The Egyptian capital market contributes to driving local economic growth through its fundamental role in transferring accumulated savings into investments in new projects that fuel economic and social development. Capitalizing on its high tech-driven instruments and robust regulatory framework, the Egyptian capital market managed to develop an attractive investment climate.

In 2023, the value of securities issuances (stocks, bonds, and sukuk) reached EGP 601.7 billion, up 64.1% from EGP 366.5 billion in 2022.

The market capitalization of restricted stocks skyrocketed by 78.9% to EGP 1,719.7 billion by the end of 2023, compared to EGP 961.2 billion in 2022.

The total traded value soared by 197.4% to EGP 3,222.7 billion in 2023, compared to EGP 1,083.5 billion in 2022. This was due to the notable leap in the traded value of bonds (including treasury bills) of 294.4% to EGP 2,487.6 billion in 2023, from EGP 360.8 billion in 2022, against the backdrop of the commencement of treasury bills trading as of September 2023.

The total traded value of stocks listed on the Egyptian Stock Exchange (EGX) came in at EGP 735.1 billion in 2023, climbing by 62.4% from EGP 452.3 billion in 2022.

Non-Egyptian transactions (Arabs and foreigners) accounted for about 17% of the total traded value of stocks in 2023, while Egyptian investors constituted approximately 83%.

Investment Funds

Nearly eight new investment funds were ratified by FRA in 2023, in addition to three new issuances of existing multi-issuance investment funds, bringing the total number of local investment funds to about 147 by the end of 2023, including 138 open-end funds and nine closed-end funds.

The net asset value of all mutual funds certificates amounted to around EGP 145.2 billion by the end of 2022 (excluding under-subscription funds).