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Dr. Islam Azzam, Chairman of the Egyptian Exchange (EGX), announced that the Exchange’s board has approved an extension of daily trading hours to run from 9:30 a.m. to 3:00 p.m., instead of the current schedule of 10:00 a.m. to 2:30 p.m.

Azzam confirmed that the decision has already received approval from the Financial Regulatory Authority (FRA), noting that implementation will take place after the Eid Al-Fitr holiday, as trading hours are typically reduced during the month of Ramadan. Accordingly, EGX management opted to postpone activating the extended hours until normal trading conditions resume following the holiday.

In a separate development, Azzam revealed that the Exchange will begin applying a continuous trading system for government bonds and treasury bills starting next Sunday. The new feature has been added to the debt trading platform and represents a significant step toward upgrading the secondary market for government debt instruments, enhancing price efficiency, liquidity, and transparency.

Under the new system, trading in treasury bills and bonds will shift away from the traditional negotiated model limited to primary dealers, toward a framework similar to equity trading. This transition opens the market to individual investors, allowing them greater participation in the secondary market for government debt.

Individual investors will be able to trade government bonds and T-bills through applications provided by five brokerage firms, with buy and sell orders executed via an open order book displayed on trading screens. According to Azzam, this mechanism will provide clearer visibility of supply and demand forces, accelerate trade execution, and support fair pricing that accurately reflects real market dynamics.