CPYP delegation attends stock market trading session, discusses with EGX head promotion of financial awareness

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Mon, 10 May 2021 - 07:37 GMT

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Mon, 10 May 2021 - 07:37 GMT

Chairman of the Egyptian Stock Exchange (EGX) Mohamed Farid met with a delegation of the Coordination Committee of Parties' Youth Leaders and Politicians (CPYP) on Monday - press photo

Chairman of the Egyptian Stock Exchange (EGX) Mohamed Farid met with a delegation of the Coordination Committee of Parties' Youth Leaders and Politicians (CPYP) on Monday - press photo

CAIRO – 10 May 2021: A delegation from the Coordination Committee of Parties' Youth Leaders and Politicians (CPYP) on Monday visited the Egyptian Stock Exchange and met with its chairman to open the trading session and discuss the promotion of financial awareness in the society.

The 17-member delegation included Deputy Governor of Beni Suef Bilal Habash, member of the CPYP Economic Committee Hanan Wagdy, member, besides lawmakers of the House of Representatives and the Senate.

Chairman of the Egyptian Stock Exchange (EGX) Mohamed Farid held discussions with the delegation to review the means of cooperation in promoting financial awareness, according to a statement issued by the EGX.

Habash, on behalf of the CPYP, handed the party’s shield to Farid and also received a certificate and a bell as a souvenir from Farid.

During the meeting, Farid tackled the comprehensive economic reform that has been adopted by the Egyptian government financially, monetarily, and structurally, the statement said.

The reform program has contributed to achieving more stability in macroeconomic indicators, achieving positive growth rates, as well as strengthening the role of the private sector, Farid said.

The Stock Exchange has played a major role in helping various economic entities access the necessary financing sources, and then creating jobs and improving people's living conditions, he continued.

The stock exchange took all necessary measures and decisions that contributed to enhancing liquidity and stimulating trading via launching a wide media campaign to raise awareness of the financial culture.

In addition to this, the EGX launched a database for the registered companies under the name “Client Relation Management.”

The EGX head and the delegation agreed to cooperate in raising public awareness of the financial culture.

MP Ahmed Qenawy spoke during the session about the legislations and rules regulating the EGX trading and work as well as the proposed amendments.

CPYP’s Bassem Lotfy spoke about the challenges facing the companies to register at the EGX.

Habash, concluding the meeting, said the CPYP is prepared to cooperate with EGX in the future.

 

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