Qurra Energy shares rise 25.3% at debut
Qarrah Energy Projects and Investment Company's share jumped by 25.25% in its first trading session on the Egyptian Exchange, rising from 2.97 Egyptian pounds to 3.72 pounds. The company raised 735 million pounds through offering 11% of its capital. Its market value reached approximately 6.68 billion pounds after a successful offering that attracted strong investor demand, with a coverage ratio of 31.35 times. The company had announced in May its intention to offer part of its shares to support growth and expansion plans in the energy and infrastructure sectors.
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