الهيئة العامة للرقابة المالية

The Egyptian capital market plays a pivotal role in driving local economic growth and fostering social development. It achieves this by facilitating the transfer of accumulated savings into investments in new projects. Leveraging its high-tech-driven instruments and robust regulatory framework, the Egyptian capital market has cultivated an attractive investment climate.

In 2023, the Egyptian capital market witnessed a remarkable growth in the value of securities issuances (Stocks, Bonds, and Sukuk), which reached EGP 601.7 billion. This marked a substantial increase of 64.1% from EGP 366.5 billion in 2022, underscoring the market’s robust growth.

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.

In 2023, the Egyptian capital market experienced a surge in the total traded value, which reached EGP 3,222.7 billion, a significant increase of 197.4% from EGP 1,083.5 billion in 2022. This notable rise in activity was primarily driven by the substantial increase in the traded value of bonds (including treasury bills), which soared by 294.4% to EGP 2,487.6 billion in 2023.

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

In 2023, non-Egyptian transactions (Arabs and foreigners) accounted for about 17% of the total traded value of stocks, 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. By the end of 2023, the total number of local investment funds was about 147, including 138 open-end funds and nine closed-end funds.

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