Implementing Youth Initiative to Support Stock Market:

CIB Creates an Investment Fund, Effective Thursday

In coordination with the Commercial International Bank (CIB), a group of young people h...

  Implementing Youth Initiative to Support Stock Market: CIB Creates an Investment Fund, Effective Thursday In coordination with the Commercial International Bank (CIB), a group of young people have promoting the idea of a new investment fund, with LE 67 per share, within the framework of various initiatives adopted by young activists to revitalize the national economy and support the Financial and Stock Markets in the country. The initiative which will be effective as of 10 February, and involves a contribution of at least LE 100 per person, aims at raising the trading volume in the stock market and protecting it from the negative effects that may result from the current crisis. Some brokerage companies have decided to back this constructive trend by running their transactions without charging commissions or expenses. (Source: Ministry of Finance)