23 Hrs
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الاقتصادية
Source: الاقتصادية
23 Hrsالاقتصادية
Source: الاقتصادية
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The Bank of Cairo returned to the Egyptian Exchange after 20 years without a banking-sector offering. The offering was valued at 36.2 billion pounds, which the exchange’s chairman described as the largest in its history. The stock rose by around 7% at the peak of trading before closing up a modest 0.19%, while the benchmark EGX30 fell 0.7% amid selling pressure and profit-taking. Officials said strong demand from international institutions reflected confidence in Egypt’s banking sector, while analysts viewed the declines as a temporary correction.
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