Egyptian companies listed in FTSE index
The Egyptian Mobinil telecommunications company and the Orascom contracting and industry companies have recently joined the FTSE All World Index, reported Al-Borsa Al-Masriya magazine. This international index covers 29 countries, and includes 27 companies.
Meanwhile, Al-Ahram Beverages company was recently listed on this index. This step will most likely encourage the foreign investors that use the FTSE index, to take interest and possibly invest money in these companies. Moreover, this will allow for the automatic listing of these firms in additional related indices in the future. – (Albawaba-MEBG)