EGX Slides as Egypt Accelerates Biggest Petroleum IPO Drive in Years

Cairo — Egyptian equities opened the new trading week with broad-based losses as foreign and Arab investors turned net sellers amid weaker regional sentiment and continued pressure on blue-chip stocks. Yet beneath the market’s sharp decline, the Egyptian government accelerated one of its most ambitious capital-market programmes in years, expanding the pipeline of petroleum-sector listings […] The post EGX Slides as Egypt Accelerates Biggest Petroleum IPO Drive in Years appeared first on The Middle East Observer.