The gain comes after nearly two weeks of losses due to lack of liquidity, a shortfall of investors appeal, and the absence of anticipated governmental initial public offerings.

The Egyptian Exchange’s (EGX) platform welcomed today listing of Rameda Pharmaceuticals (RMDA) in its market. The Trading commenced on Rameda with a ringing of bell ceremony celebrating the company number 215 on EGX’s main market platform in the presence of Rameda’s management, EGX’s chairman Mohamed Farid Saleh and EGX management.

The governmental initial public offering (IPO) program is proceeding according to its schedule and is expected to start offering 10 percent of the shares of Heliopolis Company for Housing &Development by the first quarter of next year, Minister of Public Business Sector Hesham Tawfik said Sunday.

The Commercial International Bank (CIB), an Egyptian private sector lender has announced plans to acquire a stake in Mayfair Bank Limited in Kenya.