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The Egyptian Exchange (EGX) management started addressing listed companies in NILEX to update disclosure of their financial statuses to be announced before the beginning of the next week.  This comes as a step to boost investor confidence in NILEX companies.

Dr. Mohamed Omran EGX chairman pointed out that EGX will also publish the detailed trading data to enable investors to take right investment decision in light of these data and information.

EGX chairman said that the decision to increase the number of NILEX trading hours aims to attract more investors along with the exclusion of having a little effect on NILEX companies? economic value that is determined according to their financial and operational results.

Omran indicated that EGX management will continue its role to monitor transactions and intervene in cases of necessity to eliminate any speculation or manipulation.  He emphasised on the need for investors to take decisions in light of the successive disclosures published by the stock exchange.

Nilex is the The Egyptian Exchange' market for growing medium and small companies.

Source: EGX