About Egyptian Exchange
In 1861, the oldest stock exchange dealing in cotton futures was established in Alexandria. However, the first attempts to establish a stock exchange in Egypt took place in 1890, which was followed by a second attempt in 1898, when the brokers began to form a company that is responsible for the establishment of the stock exchange, determining its appropriate place, in addition to setting rules to organize the exchange’s workflow. Unfortunately, their efforts failed, and their first company went bankrupt within three months of its establishment. However, the brokers continued their transactions in some Cafés or in their own offices. The transactions were not subject to written rules, but were based on traditions and customs agreed upon… Continue reading about Egyptian Exchange here.