- Middle East/North Africa
Only 10 percent of registered investors in the stock market are active traders, the head of a prominent stock brokerage firm said Sunday, emphasizing the need to promote transparency, encourage investment and reduce market speculation in the market.
Wael Enaba, chairman of the Al-Awael firm, said that out of 2 million investors registered in Egypt’s stock market, only 200,000 are active.
Enaba was speaking at a panel discussion titled “The Future of the Stock Market.”
“We need more stock exchanges, either for goods or for shares, to create competition, and to [further] develop capital market laws.”
Edited translation from Al-Masry Al-Youm