The Egyptian stock market is approaching new historical levels, driven by a wave of anticipated initial public offerings (IPOs), according to an economic analyst.
The expert noted that the momentum in the market is being fueled by investor confidence and the government’s push to list several state-owned enterprises, which is expected to inject fresh capital into the bourse.
This development reflects growing optimism about Egypt’s economic reforms and its long-term growth prospects, despite the challenges the region continues to face.