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EGX generates higher liquidity in 2020 despite COVID-19 crisis

EGX generates higher liquidity in 2020 despite COVID-19 crisis
The market cap of the main market retreated to EGP 650 million

Cairo – Mubasher: The Egyptian Exchange (EGX) generated EGP 630.71 billion in turnover in 2020, up by 62.6% from EGP 387.86 billion 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% to EGP 249.15 billion, compared to EGP 172.66 billion a year earlier.

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