Egypt’s stocks completed a trading week of gains on Thursday after the main index approached a three-month high amid foreign and local purchases.

Arabian Food Industries Co is courting investors in the Gulf and Europe for Egypt’s first initial public offering in eight months, betting on discounted shares to outweigh a foreign currency shortage that has curbed appetite for the nation’s assets.

Egypt's main index edged up after three sessions of losses, rising 0.21 percent to 6,089 points, while daily stock turnover continues to be low at almost EGP 300 million on Thursday.

Pioneers Holding, one of Egypt's largest financial services firms, expects to complete a 2 billion Egyptian pound ($255 million) initial share offering of property developer Rooya Group in the second half of this year.