 | |
| Type | Stock exchange |
|---|---|
| Location | Cairo, Egypt |
| Founded | 1883 |
| Key people | Rami El-Dokany (Chairman) |
| Currency | Egyptian pound |
| No. of listings | 266[1] |
| Market cap | US$37.5 billion (E£1.8 trillion)[1] |
| Volume | E£2.9 billion[1] |
| Indices | EGX 30 EGX 50 EGX 70 EGX 100 |
| Website | egx.com |
The Egyptian Exchange (EGX), Egypt's stock exchange, comprises two exchanges, Cairo and Alexandria, both governed by the same board of directors and sharing the same trading, clearing and settlement systems. Presently, the chairman of the Egyptian Exchange is Ahmed Abdelrahman.
Transactions taking place in the stock exchange are not subject to capital gains tax. Dividends distributed by companies listed on the exchange to shareholders are also not subject to income tax. However, in 2013, a 0.001 percent tax on all stock market transactions was imposed.[2] In 2013, the Ministry of Finance announced that the government intended to repeal a 10 percent capital gains tax imposed on mergers and acquisitions the year earlier, as well as a planned tax on cash dividends, and refund investors who paid it.[3]
The Egyptian Exchange is a member of the Federation of Euro-Asian Stock Exchanges.
- ^ a b c "Market Summary". Retrieved 19 June 2024.
- ^ "Tax imposed on EGX". Retrieved 13 December 2013.
- ^ "capital gain tax policy".