13 Firms Joined Egypt Bourse and NILEX in 2014 – Official

Around 13 companies have joined Egyptian stock Exchange (EGX) and Bourse of SMEs (known as NILEX) during 2014, said bourse chief Mohamed Omran.

Omran said the number of listed companies for the current year had surpassed the targeted amount of approving listing of 10 firms within the current year.

This is the highest annual rise in the number of companies enlisted in the EGX in years, the top official noted.

The stock market was hit hard by the political and economic instability which followed the overthrow of Hosni Mubarak in early 2011, but many investors now feel stability is returning.