ADVISORY, May 20, 2011 (GLOBE NEWSWIRE) --
The Egyptian Exchange (EGX) will visit the NASDAQ MarketSite in New York City's Times Square.
In honor of the occasion, Chairman Mr. Mohamed Abdel Salam will ring the Closing Bell.
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Monday, May 23rd, 2011 – 3:45 p.m. to 4:00 p.m. ET
The Egyptian Exchange:
Public Relations & Communications
The entire Closing Bell is available from 3:50 p.m. to 4:05 p.m. on AMC-3/C-3 (dl 3760H). The feed can also be found on Ascent fiber 1623. Footage of the new logo unveiling will be available from 3:55 – 3:56 p.m. ET If you have any questions, please contact Jen Knapp (212) 401-8916.
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A live webcast of the NASDAQ Closing Bell will be available at: http://www.nasdaq.com/about/marketsitetowervideo.asx or http://social.nasdaqomx.com.
To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market open of your choice.
About The Egyptian Exchange [EGX]:
The Egyptian Exchange is one of the oldest stock markets established in the Middle East. It traces its origins to 1883 when the Alexandria Stock Exchange was established, followed by the Cairo Stock Exchange in 1903. EGX has a strong core of diversified sectors with promising investment opportunities where it is signified with its sound fundamentals, abundant liquidity with a good market depth, and follows International standards for market regulations. What is most important is that EGX has no restrictions on foreign investment, repatriation of capital & profit; On the other hand, after the 25th of January revolution, the statistics showed a growing investors confidence while the statistics revealed that their long and medium term buying strategy was reflected in reducing the selling pressure that was predicted within several economic reports. Furthermore, the "Economist" has located Egypt as one of the best six emerging markets with extensive potential growth throughout the next decade. The investors' confidence has been built up through the past years due to the transparency of trading in EGX and the fully integrated disclosure of EGX listed companies. Additionally, after the revolution, the Egyptian Government will continue to adopt open market policies that attract the foreign investment.
EGX is looking forward to stress the importance of collaborating efforts to rebuild the Egyptian economy while it is working deeply on introducing new tools to the market. Worth mentioning, that the Egyptian government legitimately supports the reforms' opportunities by opening new horizons and enhancing business' environment in Egypt.
About NASDAQ OMX:
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,500 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX first North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. *Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).