XT Misr the 1st ETF’s Traded in the Egyptian Exchange

The Egyptian Exchange (EGX) signed on April 28^th, 2014 an agreement to grant the 1^st license to an Egyptian financial firm to use EGX30 to setup XT Misr ETF’s. Beltone Financial wins the first license to start the ETF’s in the Egyptian capital market.

It is worth mention that EGX issued its executive decision to start applying the regulations for both ETFs and market maker activity in the beginning of April 2014.