EGX3030,245.12 (+1.2%)EGX70 EWI7,122.45 (+0.8%)COMI82.40 (-0.4%)HRHO18.95 (+2.1%)SWDY34.10 (+0.5%)USD/EGP48.21 (-0.1%)EGX3030,245.12 (+1.2%)EGX70 EWI7,122.45 (+0.8%)COMI82.40 (-0.4%)HRHO18.95 (+2.1%)SWDY34.10 (+0.5%)USD/EGP48.21 (-0.1%)
Knowledge Center

A working reference library for the Egyptian capital market.

Education, research, regulatory guidance and terminology, maintained by ECMF committees and reviewed each quarter.

Guides Published64
Research Notes128
Glossary Terms310
UpdatedQuarterly

Knowledge Pillars

Market Education

Structured primers on how the Egyptian Exchange, clearing, settlement and custody actually function, written for new entrants and non-specialists.

Investor Awareness

Plain-language material on risk, diversification, fees, disclosure rights and how to verify that an intermediary is licensed.

Research & Insights

Quarterly analytical notes on liquidity, sector rotation, foreign participation and the impact of monetary policy on market depth.

Regulatory Guides

Practitioner guides to FRA rulebooks, AML/KYC obligations, disclosure timelines and governance codes.

White Papers

Longer-form technical positions on market design: derivatives introduction, market making, short selling and settlement finality.

Research Library

White papers, quarterly research notes, regulatory guides and primers issued by ECMF committees. Summaries are public; full datasets are released to member firms through the Members Portal.

White PaperQ2 2026

Deepening Liquidity: A Market-Making Framework for EGX

Proposes a tiered market-maker regime with obligations calibrated to free float, incentive rebates funded from tariff savings, and an evaluation scorecard for spread and presence commitments.

48 pages · Market Structure CommitteeRequest copy →
White PaperQ1 2026

Derivatives Readiness: Clearing, Margin and Default Waterfall

Reviews the operational preconditions for single-stock futures and index derivatives, including margin models, member default management and the capital treatment of clearing exposures.

62 pages · Clearing & Risk Working GroupRequest copy →
White PaperQ4 2025

Regulated Short Selling and Securities Lending

Sets out a locate-and-borrow model, eligible-securities criteria, disclosure thresholds and circuit-breaker interactions drawn from comparable frontier and emerging markets.

37 pages · Market Structure CommitteeRequest copy →
Research NoteJul 2026

Retail Participation and the Cost of Trading

Decomposes all-in trading costs for retail accounts across commission, exchange, depository and stamp components, and models the elasticity of turnover to a tariff reduction.

14 pages · Data & Research UnitRequest copy →
Research NoteJun 2026

Foreign Portfolio Flows After Currency Liberalisation

Tracks non-resident net flows, hedging cost, and the repatriation queue against EGX30 breadth, with a sector attribution of the post-liberalisation re-rating.

18 pages · Data & Research UnitRequest copy →
Research NoteMay 2026

Sector Rotation and Free-Float Concentration

Quantifies how concentrated free float in banks and telecoms shapes index behaviour, and what a broader listing pipeline would do to benchmark diversification.

11 pages · Data & Research UnitRequest copy →
Regulatory GuideRev. 2026

AML/KYC Onboarding: A Practitioner Checklist

Step-by-step client onboarding controls, identification, beneficial ownership, PEP screening, risk rating, ongoing monitoring and record retention, mapped to FRA and Money Laundering Combating Unit expectations.

26 pages · Compliance CommitteeRequest copy →
Regulatory GuideRev. 2026

Disclosure Obligations for Listed Issuers

Consolidates periodic and event-driven disclosure duties, materiality assessment, insider list maintenance and the mechanics of trading-halt requests.

31 pages · Legal & Regulatory AffairsRequest copy →
Regulatory GuideRev. 2025

Sustainability Reporting: FRA Templates Explained

Walks through FRA ESG and TCFD-aligned disclosure templates, data sourcing, board sign-off and common completion errors observed in prior filing cycles.

22 pages · ESG Working GroupRequest copy →
Primer2026

How a Trade Settles in Egypt: T+2 End to End

Follows one order from placement through matching, clearing at MCDR, cash leg, custody transfer and failure handling, with the timeline every operations desk should know.

12 pages · Market EducationRequest copy →
Primer2026

Reading a Brokerage Statement

Annotated walkthrough of contract notes and monthly statements: fees, holdings, corporate action entries, and the red flags that warrant a query to your firm.

9 pages · Investor AwarenessRequest copy →
Primer2026

Verifying a Licensed Intermediary

How to confirm a firm's FRA licence and permitted activities before transferring funds, and what protections apply if a dispute arises.

6 pages · Investor AwarenessRequest copy →

Practitioner Tools

Settlement Date Calculator

Works out the settlement date for a trade on the Egyptian Exchange, skipping the Friday-Saturday weekend.

Settles on

Not a trading day, EGX is closed Friday and Saturday.

Indicative only. Official market holidays are not applied; confirm against the EGX calendar and your custodian's cut-off times.

Trading Cost Estimator

Breaks an equity order into commission, exchange, depository and stamp components so investors can see the all-in cost of a trade.

Cost breakdown
Broker commissionEGP 250.00
Exchange feeEGP 12.00
Depository (MCDR) feeEGP 5.00
Stamp dutyEGP 12.50
Total costEGP 279.50
Net cash impactEGP 100,279.50

Indicative only, using default tariff assumptions for illustration. Your firm's published schedule and contract note govern actual charges.

Disclosure Calendar

The recurring reporting obligations that listed issuers and member firms plan around. Always confirm the current rulebook before filing.

ObligationFrequencyFiling window
Annual audited financial statementsAnnualWithin 90 days of year end
Interim financial statementsQuarterlyWithin 45 days of period end
Material event disclosureEvent-drivenImmediately, before market open
Board and governance reportAnnualWith the annual financial statements
Sustainability (ESG) disclosureAnnualWithin the annual reporting cycle
Major shareholding notificationEvent-drivenSame or next trading session

Frequently Asked Questions

How do I verify that a brokerage firm is licensed?

Every ECMF member firm holds a current FRA licence. Check the Member Directory, then confirm the licence number against the FRA public register before opening an account.

What is the settlement cycle on the Egyptian Exchange?

Most listed equities settle on a T+2 basis through MCDR, with same-day settlement available for selected instruments under intraday trading rules.

Who can access ECMF research?

Summary research is public. Full datasets, member surveys and committee papers are available to member firms through the Members Portal.

Does ECMF provide investment advice?

No. ECMF is an industry federation. We publish market education and research; investment advice may only be provided by FRA-licensed advisors.

Can I cite ECMF material in my own research?

Yes, with attribution to the specific publication and its issue date. Redistribution of full datasets requires written consent from the Secretariat.

How do the calculators on this page work?

They are indicative educational tools built on published market conventions and default tariff assumptions. They are not quotations, your firm's contract note governs.

Glossary of Capital Market Terms

EGX30The Egyptian Exchange benchmark index of the 30 most liquid listed companies, weighted by adjusted market capitalisation.
EGX70 EWIEqual-weighted index of 70 active companies outside EGX30, used to read breadth beyond the large-cap benchmark.
MCDRMisr for Central Clearing, Depository and Registry, the central securities depository for the Egyptian market.
FRAThe Financial Regulatory Authority, supervising non-banking financial activities in Egypt, including securities.
Market MakerA licensed member firm committed to quoting two-way prices in designated securities within defined spread limits.
Free FloatThe proportion of a company's shares available for trading, excluding strategic and locked-in holdings.
T+2Settlement two business days after the trade date, the standard cycle for Egyptian listed equities.
Intraday Trading (T+0)Same-session buy and sell of an eligible security, permitted only in stocks approved for intraday activity.
SukukSharia-compliant certificates representing undivided ownership in underlying assets or projects.
ESG DisclosureReporting of environmental, social and governance metrics under FRA sustainability reporting requirements.
Circuit BreakerAn automatic trading pause triggered when an index or security moves beyond a defined threshold within a session.
Price LimitThe maximum permitted move of a security's price during a session before further orders are constrained or halted.
CustodianA licensed institution that holds securities on behalf of investors and handles settlement and corporate actions.
Nominee AccountAn account held in a custodian's name on behalf of underlying beneficial owners, common for foreign institutions.
Beneficial OwnerThe natural person who ultimately owns or controls an account, identified during KYC and AML onboarding.
Book BuildingA price-discovery method for offerings where institutional demand is collected across a range before final pricing.
Greenshoe OptionAn over-allotment facility allowing the underwriter to stabilise an offering by placing additional shares.
Settlement FinalityThe point at which a transfer of securities or cash becomes irrevocable and unconditional.
Securities LendingTemporary transfer of securities against collateral, typically to support settlement coverage or short selling.
Turnover VelocityTraded value over a period divided by market capitalisation, a standard measure of market liquidity.
Stamp DutyA transaction-level levy applied to both sides of a securities trade under Egyptian tax rules.
Insider ListA maintained register of persons with access to material non-public information about an issuer.