The meeting discussed
a proposal to extend trading hours by one additional hour, with sessions
starting at 9:30 am and ending at 3:00 pm. The extension would bring total
trading time to five and a half hours. The move is intended to increase trading
volumes, boost liquidity, align with regional exchanges’ operating hours, and
support the Egyptian market’s ability to attract a wider range of investors.
Extensive discussions
were held during the meeting, where the proposal was presented to member
brokerage firms, and their opinions and feedback on potential operational and
technical implications were heard.
In this context, the
Chairman of the EGX decided to send a survey to all brokerage firms to collect
comprehensive feedback, paving the way for a decision based on consensus among
market participants, balancing operational efficiency with the protection of
investor interests.
Dr. Azzam emphasized
that this approach reflects the EGX’s commitment to a participatory
decision-making process and strengthening partnerships with brokerage firms,
thereby contributing to enhancing the regional competitiveness of the Egyptian
capital market and improving its operational efficiency.