Egyptian dairy maker Domty shares jump 10% in early market debut

By Yomna Yasser On Mar 22, 2016

Shares of Egyptian dairy firm Arabian Food Industries (Domty) has opened 10 percent higher in its first trading debut on Cairo stock exchange.

At 10:50am Cairo time (08:50 GMT), the stock’s trading value reached 51 million Egyptian pounds ($5.7 million) after 5 million shares were traded.

Earlier, the Egyptian Exchange (EGX) had approved Domty to start trading on the bourse from 22 March at a nominal value of 9.2 pounds.