Today, Sunday, September 24, 2023, trading on treasury bills in the secondary market began on the screens of the Egyptian Stock Exchange, announcing the launch of a new phase in the continuous development of the stock market as one of the goals of the Egyptian Stock Exchange’s strategy to serve the national economy.
 
This development comes within the framework of full coordination with the Central Bank of Egypt, the Ministry of Finance, the General Authority for Financial Supervision, and the “Egyptian Company for the Central Deposit and Registry of Government Instruments and Securities” over the past months to launch this project to stimulate trading on the government debt instruments market, in accordance with legislative controls. Governing and organizing.
 
Mr. Ahmed Al-Sheikh, Chairman of the Egyptian Stock Exchange, stated that this day represents the result of continuous efforts made by the stock exchange’s work team over the past period. The GFIT trading system, which was self-developed by the stock exchange’s information technology team to manage and execute transactions on treasury bonds, is now capable of It also enables the implementation of trades in treasury bills, after new features were added to it that are compatible with the nature and trading rules of treasury bills, and it was linked with Egyptian banks, both major and non-major dealers, to support their ability to trade in the secondary market for government debt instruments. The Sheikh added: Trading treasury bills through the stock exchange increases demand, facilitates trading operations, and is an additional attraction for investors.
 
The Chairman of the Stock Exchange stated that in preparation for the start of trading on treasury bills, the Stock Exchange management organized a series of workshops and training courses for parties to the trading process during the past weeks, with the participation of representatives of about 35 banks, major and non-major dealers in government financial instruments.
 
The value of trades in treasury bills on the first day of trading amounted to about 33.8 billion Egyptian pounds, with 109 transactions.