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Egypt bourse says to reduce free float required for new companies to list on EGX 30
May 28, 2015 / 8:28 AM / 2 years ago

Egypt bourse says to reduce free float required for new companies to list on EGX 30

CAIRO, May 28 (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.

Reporting by Ehab Farouk; Writing by Yara Bayoumy

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