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EGX generates higher liquidity in 2020 despite COVID-19 crisis

The Egyptian Exchange (EGX) generated 630.71 billion Egyptian pounds in turnover in 2020, up by 62.6 percent from 387.86 billion pounds in 2019, despite the challenges posed by the coronavirus (COVID-19) pandemic.

Over the course of 2020, the main market’s turnover increased by 44.3 percent to 249.15 billion pounds, compared to 172.66 billion pounds a year earlier.

However, the market cap of the main market retreated to 650 million pounds in 2020 from 709 million pounds in 2019.