An economic expert said on Tuesday that the Egyptian Exchange (EGX) has not benefited yet from the positive results of the past week's Egypt Economic Development Conference (EEDC).
In statements to MENA, Mohamed Gaballah said the stock exchange still suffers from poor liquidity after a wide range of investors stopped speculation in the stock market.
This came after the Egyptian government imposed new taxes on the gains arising from trading on the market a year ago.
Egypt signed $ 70 billion deals with foreign investors during its international economic conference, which wrapped up in the past week.