Egyptian Exchange Extends Companies' Exemption Period

The Egyptian Exchange has decided to extend the exemption period of companies desiring to list and offer their shares in the Egyptian Exchange or the Nile Stock Exchange for small and medium-sized projects (Nilex) from registration fees until the end of this year. This step aims to encourage companies to list their shares in the Egyptian Exchange.

Chairman of the Egyptian Exchange, Dr. Mohamed Omran said the decision comes within the framework of the bourse's keenness to activate the market by encouraging companies to list their shares during the free-fees period.

On the level of the bourse's performance, trading in the Egyptian Exchange (EGX) maintained its upward spiral on Thursday 28/06/2012 for the fifth day running with gains amounting to EGP 4.6 billion, shrugging off fears over calls for a million-man march on Friday.

The main benchmark EGX 30 index was up by 1.73 percent reaching 4708.59 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) was up by 0.99 percent to 422.03 points.

The all-embracing EGX 100 index rose by 1.8 percent to 729.54 points.

Ads by Google

Copyright © 2012 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.