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Egypt Equity Watch | 4th Aug 2015: Egyptian equity markets indices up, local buys worth EGP 796 mill push up market cap….

Egypt (Capital Markets in Africa):- Egyptian equity markets Benchmark Index EGX 30, EGX70, EGX100 and the EGX20 capped index were all up today as the markets recovered and market capitalisation increased pushed by positive local investor sentiment worth a value of over EGP 796 million in todays trading. The benchmark index EGX30 was up 94.41 points to close the day on 8181.95, an increase of 1.17 percent from its previous close of 8087.54 points (with the resultant year-to-date performance of -8.34 percent and…

Emaar Misr says 15% of IPO available for individuals, 85% for institutions

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):- Emaar Misr for Development, the Egypt-based subsidiary of UAE’s Emaar Properties, said Sunday around 90 million of its shares, representing 15% of its planned initial public offering will be offered for individuals, while nearly 51 million shares, or 85% of total floated shares, will be available for institutions. Subscription application for the individual tranche will have a minimum of 100 shares and maximum of 10 million shares. 25% of…