Mubasher Capital launched, on Monday, a trading platform for non-resident foreigners in more than 70 international financial markets, including the Egyptian market.
Ehab Rashad, Vice Chairperson of Mubasher Capital, said the company provides this service for the first time in Egypt to non-resident foreigners, through affiliate MubasherTrade Egypt.
He added that launching the platform from Egypt was a step aimed at enhancing its role in the global financial markets. It will also shed light on the importance of Egypt’s strategic location, which allows serving different markets.
Moreover, the platform was seen as a prelude to transforming Egypt into a financial centre in line with the government’s strategy to this end, given that the Egyptian Exchange (EGX) always offered the most promising investment opportunities.
Rashad explained that the company’s recent services contributed to a significant growth in its performance in general, such as Dow Jones Newswire, which includes nearly 7,000 clients, and stock portfolios, which achieved a return of 25% within 7 months.
He added that Mubasher’s platforms for investment funds achieved trading values of EGP 180m in less than a year after making purchases and redemptions available through the company. He pointed out that eight new funds have reached advanced stages of negotiations to be available through Mubasher’s platforms, which currently include six different investment funds.
Mostafa El-Debawy, Managing Director of MubasherTrade Egypt, said that this service would attract the attention of non-resident foreigners to the Egyptian market and invest in Egyptian stocks, which are characterized by attractive purchase prices.
He added that the service provides non-resident foreigners with all opportunities around the world, through advanced technological means represented in “mobile phone applications and the MubasherTrade Egypt website”. This allows investors to access investment opportunities available around the world.
