18.06.2009 - Mena IPO stocks surge 38% in a year
From Business24-7.ae: The average appreciation witnessed by IPO stocks in the Mena in the past 12 months is 38.04 per cent, reveals exclusive research by Emirates Business. This paper tracked 42 IPOs floated since June 2008 on 10 stock exchanges in the Middle East and North Africa (Mena) and found that Dar Al Takaful, listed on the Dubai Financial Market, has seen a 198 per cent appreciation since flotation (August 4, 2008) and is the best-performing IPO so far in the past 12 months.........Full Article: Source
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