Three new initial public offer (IPO) share flotations with a total value of over $300m are planned for the Egyptian Exchange this year, says bank EFG Hermes.
A bond-trading platform could be launched on the Egyptian Exchange (EGX) in Q2 of 2014, after 10 years of planning, and the regulator (Egyptian Financial Supervisory Authority EFSA) is to relax regulations from 1 Feb as part of ongoing reforms.
The Egyptian Exchange (EGX) is busy with workshops for mutual funds and investment banks, aiming to boost trading volumes through better communications between market participants and listed companies.
The Egyptian Exchange (EGX) has approved the listing of the 23rd company on Nilex (the Nile Exchange, its securities market for listing growing medium and small companies.
The Egyptian Exchange (EGX) has announced the 16th annual general meeting and flagship conference of the African Securities Exchanges Association (ASEA). This is the top conference for Africa’s capital markets. It will be Cairo on 2-4 December 2012.
Bulls seem to be waiting for a positive outcome from widespread pro-democracy unrest in Egypt, one of Africa’s biggest stock markets and prices have climbed for depository receipts of Egyptian companies and for an Egypt exchange-traded fund available internationally. The Egyptian Exchange has been closed for several days as unrest intensified.