Dubai’s Emaar plans to float 13 pct Egypt unit on Cairo exchange

Dubai’s Emaar plans to float 13 pct Egypt unit on Cairo exchange

By Matt Smith DUBAI (Reuters) – Dubai’s Emaar Properties plans to list a 13 percent stake in its Egyptian unit on Cairo’s stock exchange, the largest listed developer in the United Arab Emirates said on Wednesday. The share sale will comprise of a public offering to retail investors in Egypt, plus a private placement to local and international institutions, according to a filing to the Dubai Financial Market. Emaar did not state when the initial…

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Cote d’Ivoire Market Watch | May 19th 2015: BRVM shed XOF 30bn, indices lost 0.58%

Cote d’Ivoire Market Watch | May 19th 2015: BRVM shed XOF 30bn, indices lost 0.58%

Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) BRVM closed its trading session this Tuesday, lower than the previous day. BRVM 10 index decreased from 273.19 to 271.61 points, a drop of 0.58%. BRVM Composite index lost 0.46% to 262.37 against 263.58 points previously. The equity market capitalization was recorded at XOF 6,474.20 compared to XOF 6,503.90 billion previously (a decrease of almost XOF 30 billion). From market activity…

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Zimbabwe Market Watch | May 18th 2015: Zimbabwe stock industrial index added 0.16% …

Zimbabwe Market Watch | May 18th 2015: Zimbabwe stock industrial index added 0.16% …

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) the industrial index added 0.25 points (0.16%) to settle at 155.09 points. Likewise, the market capitalization was recorded at US$ 4.024 billion by adding US$ 6 million. From the market activity perspective, today’s total volume and turnover was recorded at 11.88 million and US$612,364 respectively exchanging in nine shares via 29 transactions. Foreign investor buys US$357,859.. Out of the nine traded securities, Mashonaland Holdings Limited Zimbabwe contributed nearly…

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Cote d’Ivoire Market Watch | May 18th 2015: BRVM closed today higher by XOF 25bn

Cote d’Ivoire Market Watch | May 18th 2015: BRVM closed today higher by XOF 25bn

Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Monday, higher than the previous day. BRVM 10 index rose from 272.57 to 273.19 points, a gain of 0.23%. BRVM Composite index gained 0.38% to 263.58 against 262.57 points previously. The equity market capitalization was recorded at XOF 6,503.90 billion, an increase of XOF 25 billion compared to previous trading session. From market activity perspectives, the…

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Zimbabwe Market Watch | May 18th 2015: Zimbabwe equity market went up 0.81 points (0.53%) to close at 154.84pts

Zimbabwe Market Watch | May 18th 2015: Zimbabwe equity market went up 0.81 points (0.53%) to close at 154.84pts

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index was up 0.81 points (0.53%) to close at 154.84 points as the mobile giant Econet Wireless gained 2.91 cents to trade at 49.01 cents. The market capitalization was recorded at US$ 4.024 billion. From the market activity perspective, today’s total volume and turnover was recorded at 5.2 million and US$403,733 respectively exchanging in five shares and ten transactions. Foreign investor buys US$139,076 and sells US$245,050. The…

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Cote d’Ivoire Market Watch | May 15th 2015: BRVM shed XOF 11bn..

Cote d’Ivoire Market Watch | May 15th 2015: BRVM shed XOF 11bn..

Abidjan, Cote d’Ivoire (Capital Markets in Africa):- BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Friday, lower than the previous day. BRVM 10 index decreased from 272.91 to 272.57 points, a drop of 0.12%. BRVM Composite index lost 0.17% to 262.57 against 263.03 points previously.  The equity market capitalization was recorded at XOF 6,479 billion, a decrease of XOF 11 billion compared to previous trading session. Looking at the market…

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Kenya Market Watch | May 14th 2015: Market cap gains KES 7.6 billion but NSE20 slightly lost 1.5bps

Kenya Market Watch | May 14th 2015: Market cap gains KES 7.6 billion but NSE20 slightly lost 1.5bps

Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Securities Exchange (NSE) 20 declined by 0.77 points to close at 4,979.71 while Nairobi All Share Index went up by 0.55 points to close at 167.82. However, the market capitalization gained KES 7.57 billion (0.32%) to close at KES 2,347.46 billion. The market breadth ended positive, with 23 gainers and 19 losers. On the one hand, the highest market gainer was East Africa Portland Cement gaining 9.26…

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