Egypt’s bourse registers 1 700 new companies in 2015

The Egyptian Stock Exchange on Saturday announced in a report that a total of 1,700 new companies have registered in 2015; a 43 percent increase compared to 2014.According to the report, the bourse attracted a total of 18,000 new investors in 2015.

Such an increase was led by foreign companies that increased by 47 percent to 1,198 companies. Individual investors led 61 percent of trading deals in the Egyptian Stock Exchange, against 39 percent for companies, added the report.

The European foreign investors traded 39 percent of the deals in 2015, while the share of Arabs reached 29 percent, according to the report.

The bourse is expected to witness the biggest number of Initial Public Offerings (IPOs) in its history in 2016 if companies registered at the bourse offer their stakes in the stock market in line with the set rules, said chairman of the Egyptian Exchange Mohamed Omran.