Egypt bourse to reduce free float for new company benchmark listings

Egypt’s stock exchange said on Thursday it would reduce the free float required for new companies to list on its benchmark. (File photo: Reuters)

Egypt’s stock exchange said on Thursday it would reduce the free float required for new companies to list on its benchmark , as part of structural changes to the index.

In a statement, the bourse said it planned to launch a new equal-weighted index that would include the top 50 companies in terms of liquidity from August 1.

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Last Update: Wednesday, 20 May 2020 KSA 09:46 - GMT 06:46
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