The Egyptian Exchange announced on Monday the launch of futures contracts on shares of Commercial International Bank and Talaat Moustafa Group Holding, with trading to begin on 18 June.
The new contracts will be available with maturities of three and six months and a contract size of 100 shares. The move is expected to provide investors and financial institutions with more effective tools for risk management and hedging. The launch forms part of the EGX strategy to develop and expand Egypt’s financial derivatives market and diversify investment instruments. The Financial Regulatory Authority approved the specifications of the futures contracts in line with regulations governing financial derivatives trading. Omar Radwan, Chairperson of the Egyptian Exchange, said the launch marks another milestone in the EGX’s strategy to expand the range of investment products and advance the development of the derivatives market. He noted the close coordination with the FRA and other stakeholders.
