Cairo – Mubasher: The value of the paid in capital injected in both the establishment of new companies as well as raising the capital of existing one declined by 18% since the beginning of 2016 until November, said a report published by Egyptian Financial Supervisory Authority.
The amount of paid in capital pumped in the foundation of new companies reached EGP 33 billion through this eleven – month period
On other hand, the market capitalization of the Egyptian Exchange surged 32% to EGP 566 billion by the end of November 2016.
The total turnover of both listed and unlisted securities increased by 7% to EGP 247 billion by the end of November 2016.
