Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Egypt's financial regulator, has lifted a ban on brokerage firms and fund managers trading shares listed overseas, as part of a broader effort to invigorate the country's financial markets.Much of the activity in Egypt's capital markets dried up during the political instability that followed the toppling of Mubarak, although the stock market has since rebounded.The new rules, effective immediately, allow brokerages and fund managers in Egypt to trade foreign shares on behalf of non-Egyptian investors who do not reside in the country and who use financing from abroad, said Sherif Samy, chairman of the Egyptian Financial Supervisory Authority.Egyptian firms remain banned from trading stocks that are not listed in Egypt on behalf of local investors or on their own accounts.
FOLLOW THIS ARTICLE