Middle East markets have enormous growth potential due to the fact that they are relatively underdeveloped, in comparison to western markets.
They are low in saturation, yet rich in resources and investment prospects.
Alpine Investments is a shareholder in and introducing broker for Nile One Brokers, which has a proven ten-year track record in serving clients who invest in the Cairo and Alexandria Stock Exchange (CASE).
Our clients utilize Nile One’s unsurpassed multi-exchange online trading software, a fast and accurate tool for trading in various equity markets.
This software also supplies streaming live market prices, as well as live charting and technical analyses and indicators.
The Cairo and Alexandria Stock Exchange (CASE)
Egypt's stock exchange is comprised of two exchanges, Cairo and Alexandria, both of which are governed by the same board of directors and share the same trading, clearing and settlement systems.
The Alexandria Stock Exchange was officially established in 1888, with Cairo following in 1903.
Both exchanges were very active in the 1940's, and the combined Egyptian Stock Exchange ranked fifth in the world.
The central planning and socialist policies adopted in the mid 1950's led to the exchange’s dormancy between 1961 and 1992.
Since the 1990’s, the renamed Cairo and Alexandria Stock Exchange (CASE) has been undergoing a radical restructuring and economic reform program resulting in the revival of the Egyptian stock market.
In January 1997, a major change took place with the election of a new board of directors which took immediate steps to modernize the exchange, including:
- installing a new state-of-the-art trading, clearing and settling system conforming to international standards (developed by EFA Software Ltd., a Canadian company)
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developing new membership and trading rules, and arbitration and dispute resolution procedures
- improving the clearing, settlement and payment systems
At the close of 2005, there were 441 traded companies listed on the exchange, with a market capitalization of 456.3 billion LE, up from 8.8 billion LE in 1991.
CASE is a member of the World Federation of Exchanges. It is worthwhile to note that, in the case of individuals, mutual funds and international funds, no taxes are levied on dividends, capital gain and interest on bonds. Moreover, there is no stamp duty on securities.
The Gulf Cooperation Council (GCC): Alpine will soon offer access to the stock exchanges of the various countries within the Gulf Cooperation Council (Saudi Arabia, Kuwait, Oman, Bahrain, Abu Dhabi and Dubai).
Contact us to discuss your business development needs.
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