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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Performance more

Mideast IPO values plunged 95pct in Q1

Posted on 25 May 2011

The value of initial public offerings (IPOs) in the Middle East plunged 95% to their lowest level in five years during the first quarter, Ernst & Young said in a report yesterday.
Middle East firms raised only $21.7mn in the first-quarter of 2011, compared with $420.4mn in the year-ago period as regional unrest and underperforming stock markets weighed into investor appetite for fresh offerings, the report said……………………………………….Full Article: Source

 
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