EGX Falls While Dollar IPO Strategy Broadens Egypt’s Market Appeal

Cairo — Egyptian equities closed mixed on Monday, with the benchmark EGX30 falling below the 50,000-point level as foreign selling weighed on blue-chip stocks, while small- and mid-cap shares advanced and investors assessed Egypt’s plan to internationalise parts of its state IPO programme through dollar-denominated petroleum listings. The EGX30 dropped 1.03% to 49,825.58 points, extending […] The post EGX Falls While Dollar IPO Strategy Broadens Egypt’s Market Appeal appeared first on The Middle East Observer.