Egypt plans ETFs to boost economy

EGX chairman Mohamed Abd El Salam revealed in an interview that the country's political turmoil had delayed the introduction of ETFs, Bloomberg reports. The country's national bourse closed for nearly two months while protesters took to the street earlier this year. Intraday trading, which is essential for the operation of an ETF, has been suspended since the stock exchange re-opened in March. Yet Abd El Salam said this restriction will be lifted this month, at the same time as the EGX introduces short selling. The launch of ETFs is anticipated to encourage investor participati...