15 Hrs
Source:
بوابة الشروق
Source: بوابة الشروق
15 Hrsبوابة الشروق
Source: بوابة الشروق
15 HrsReady to play
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Geopolitical tensions and pressure on global markets have weakened investors’ hopes that IPOs would revive the Egyptian stock market. Despite strong demand for the Cairo Bank offering—which covered 45% of its capital and raised around EGP 36 billion—and the MNT-Halan offering, which was oversubscribed several times, share prices and market liquidity fell after trading began. A market expert called for IPOs to be paused temporarily and rescheduled, while another said postponing them would be preferable given weak liquidity. The head of research at Al Ahly Pharos, however, rejected tying the continuation of IPOs to share performance after listing. The government is pressing ahead with its program, aiming to offer shares in four companies before the end of 2026, with expected proceeds of $1.5 billion.
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