Egypt outperforms regional markets as IMF praises reform progress

 Egypt’s equities market outperformed the region in September in what was a slow month for most markets in the Middle East. 

Cairo’s main index increased in value by 3.52 percent during September, as promising comments from Egypt’s new stock exchange chief and a fall in inflation boosted investor sentiment. 

Egypt's new stock exchange chief, Mohamed Farid, told Reuters during the month that he planned to launch a number of reforms to increase trading volumes over the next six months, with the listing of big companies cited as a priority.

The decline in inflation also meant that the Central Bank of Egypt also decided on September 28 to keep interest rates unchanged, as most investors had expected.

https://www.zawya.com/mena/en/story/Egypt_outperforms_regional_markets_as_IMF_praises_reform_progress-ZAWYA20171003092155/