An axes to activate the Egyptian securities market in saving development(in arabic)

Hussein A.Motlb Elasrj
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Hussein A.Motlb Elasrj: Ministry of foreign trade-Egypt
Authors registered in the RePEc Author Service: Hussien Abd almottaleb Alasrag. ()

Finance from EconWPA

Abstract: The indicators refer to a significant drop down in the Egyptian securities market performance during the period from 1999 to 2003.The total issues declined from LE 55.6 billion in 1999 or 17% of GDP and 146.7% of gross saving to LE 18.5 billion in 2003 and or 4.6% of GDP and 31.5% of gross saving .The total value of trading also dropped down from LE 42.1 billion or 12.9% of GDP and 111% of gross saving to LE33.7 billion or 8.3% of GDP and 57.2% of gross saving during the period under review. On the other hand ,in spite of the market capitalization for the listed companies has increased in 2003 to reach LE 171.9 billion or 42.4% of GDP compared with LE 112.3 billion in 1999 or 34.4% GDP ,the picture become clear if we know that the number of public joint stock companies, which reflects the real performance of the market, constitute 17.5% of total companies listed in 2002 and it's market capitalization constitute 27% of total market capitalization, has increased in 2003 reached 37.4% of total market capitalization. So, the purpose of this study is to recommend a number of axes to develop and activate the securities market generally and its role in saving development particularly.

Keywords: Egyptian securities market; total value of trading; gross saving; GDP; market capitalization; listed companies (search for similar items in EconPapers)
JEL-codes: G (search for similar items in EconPapers)
Date: 2004-09-19
Note: Type of Document - doc; pages: 29

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