Egyptian Exchange Launches Mobile App "EGX" to Boost Market Engagement
The Egyptian Exchange (EGX) announced the official launch of its first-ever mobile application, 'EGX', set to go live on Sunday, August 17.
The move marks a strategic milestone in the bourse's efforts to strengthen communication channels and enhance transparency within Egypt's capital market.
According to an official statement, the new app aims to provide investors, traders, and market stakeholders with easy access to real-time data, market summaries, and financial news, creating a more interactive and user-friendly experience.
The application's pilot version will allow users to test its features and share feedback through the 'EGX Dialogue Platform', a tool designed to incorporate investor suggestions into the platform's development.
'This initiative reflects the Exchange's strong commitment to open dialogue and community engagement, ensuring that the tools and services provided truly address the needs of market participants,' the statement read.
Key features of the app include live market updates, listed securities data, daily indices summaries, and highlights of major market movements, all tailored to improve accessibility and decision-making for investors.
The launch forms part of the EGX Board's broader development strategy, specifically Target No. 60, which focuses on upgrading digital systems and applications to align with international best practices. By doing so, the Exchange seeks to boost efficiency, expand the investor base, and position itself as a modern, transparent, and technologically advanced marketplace.
The rollout comes on a day when the main EGX30 index slipped by 0.41%, while the EGX70 EWI dipped 0.25%, reflecting mixed investor sentiment amid regional and global market volatility.
Market observers say the introduction of EGX's mobile app could mark the beginning of a digital transformation wave in Egypt's financial sector, providing investors with a tool long demanded in a rapidly evolving market environment.
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