News Details

EMX chairman: 4 new commodities were launched on the EMX platform during the current year

01/03/2024 04:25 PM

Al-MAL-

Dr. Ibrahim Ashmawy, President of the Egyptian Mercantile Exchange(EMX), confirmed that 4 new commodities will be offered on the stock exchange platform during the current year, led by petrochemical products.

Ashmawi said in statements on the sidelines of an inspection of one of the major commercial centers in Ain Sokhna that the gold commodity will be offered on the stock exchange after confirming the governance process, as well as obtaining the approval of the censor, represented by the Stamps and Weights Department, pointing out that the gold and silver offered was according to a bidding system.

Regarding the incentives offered by the Egyptian Mercantile Exchange to attract the private sector to trade in it, “Ashmawy” explained that registration and membership fees were exempted, in addition to providing tax benefits and incentives and helping companies that are being coded to quickly enter their goods from customs ports, as well as the exchange obtaining a small percentage of trading fees so that the seller and buyer are not burdened with any additional burdens.

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