FAQ
What is the role of the Capital Market Authority?
The Capital Market Authority (CMA) is the market regulator, whose primary mission is to protect investors and maintain the integrity of securities market in Egypt. The Capital Market Authority oversees key market participants such as member firms, mutual funds, investment banks, rating companies etc. in addition to the CASE. To learn more information about the CMA, please refer to www.cma.gov.eg
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What are the types of securities listed and traded on CASE?
There are three types of securities traded on CASE. Equity or Shares (Common and Preferred), fixed income (Government and Corporate bonds) and Close-ended Mutual Funds.
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How are prices of shares determined?
Prices of the shares traded on CASE are determined by the supply and demand of the forces same like any other commodities.
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What is a member firm or broker?
A member firm is licensed by the Capital Market Authority to trade on CASE. In addition, CASE must approve membership after the member firm passes an exam on the trading system of CASE. The member firm acts as the link between the investor and CASE. The member firm carries out investors’ transactions whether buy or sell in return for an agreed upon commission fee from investors. In other words, member firms act as agents so they buy and sell securities on behalf of investors since investors are not allowed to trade directly or have access to CASE trading system. Member firms also provide advice to their customers based on their in-house research capabilities. To learn about member firms eligible to trade on CASE, please refer to list of member firms Page.
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WHAT ARE THE TYPES OF SECURITIES LISTED AND TRADED ON EGX?
There are three types of securities traded on EGX. Equity or Shares (Common and Preferred), fixed income (Government and Corporate bonds) and Close-ended Mutual Funds.
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HOW ARE PRICES OF SHARES DETERMINED?
Prices of the shares traded on EGX are determined by the supply and demand of the forces same like any other commodities.
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WHAT IS A MEMBER FIRM OR BROKER?
A member firm is licensed by the Egyptian Financial Supervisory Authority (EFSA) to trade on The Egyptian Exchange (EGX). In addition, EGX must approve membership after the member firm passes an exam on the trading system of EGX. The member firm acts as the link between the investor and EGX. The member firm carries out investors’ transactions whether buy or sell in return for an agreed upon commission fee from investors. In other words, member firms act as agents so they buy and sell securities on behalf of investors since investors are not allowed to trade directly or have access to EGX trading system. Member firms also provide advice to their customers based on their in-house research capabilities. To learn about member firms eligible to trade on EGX, please check this link
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