VOL. XLII

No. 05

1-February-1999

EGYPT

High Expectations For Cairo Stock Exchange In 1999

In absolute terms, 1998 was one of the worst years everrecorded on the Cairo Stock Exchange (CSE), with the market experiencing largefluctuations in turnover and price as both the EFG Index (EFGI) and HermesFinancial Index (HFI) fell by some 25% (see table on page B5). Additionally,the total volume of shares traded rose 45.4%, while the value of shares tradedfell by 13.8%. Despite the bad year, brokers in...