{"id":607078,"date":"2023-09-26T00:00:00","date_gmt":"2023-09-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/26\/lumi-shares-rise-30-on-saudi-stock-market-debut\/"},"modified":"2023-09-26T00:00:00","modified_gmt":"2023-09-26T00:00:00","slug":"lumi-shares-rise-30-on-saudi-stock-market-debut","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/26\/lumi-shares-rise-30-on-saudi-stock-market-debut\/","title":{"rendered":"Lumi shares rise 30% on Saudi stock market debut"},"content":{"rendered":"

IPO WATCH- <\/strong><\/p>\n

#1- Lumi shares pop in Saudi debut: <\/strong> Shares in Saudi car rental firm Lumi rose as much as 30% in their Tadawul debut in Riyadh yesterday following the company\u2019s USD 290 mn IPO. Shares opened above the company\u2019s IPO SAR 66 IPO price at SAR 72.6 and jumped to a high of SAR 85.8. The company floated 30% of its shares<\/a> on the exchange in a sale that was almost 95x oversubscribed, with orders worth SAR 102.9 bn. Our friends at EFG Hermes were joint bookrunners on the transaction, according to a statement (pdf)<\/a> yesterday. <\/p>\n

#2- Spinneys Dubai could IPO in 2024: <\/strong> Spinneys Dubai \u2014 the franchisee of the supermarket chain in the UAE and Oman \u2014 could offer 30% of its shares in an IPO in Dubai in 2Q 2024, Reuters<\/a> reports, citing three people with knowledge of the matter.<\/p>\n

<\/a> <\/a> <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30 <\/strong><\/p>\n<\/td>\n

\n

20,321<\/p>\n<\/td>\n

\n

+0.5% (YTD: +39.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CBE) <\/strong><\/p>\n<\/td>\n

\n

Buy 30.83<\/p>\n<\/td>\n

\n

Sell 30.96<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD at CIB <\/strong><\/p>\n<\/td>\n

\n

Buy 30.85<\/p>\n<\/td>\n

\n

Sell 30.95<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Interest rates CBE <\/strong><\/p>\n<\/td>\n

\n

19.25% deposit<\/p>\n<\/td>\n

\n

20.25% lending<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Tadawul <\/strong><\/p>\n<\/td>\n

\n

10,878<\/p>\n<\/td>\n

\n

-0.7% (YTD: +3.8%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

ADX <\/strong><\/p>\n<\/td>\n

\n

9,837<\/p>\n<\/td>\n

\n

-0.1% (YTD: -3.7%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM <\/strong><\/p>\n<\/td>\n

\n

4,182<\/p>\n<\/td>\n

\n

+0.3% (YTD: +25.4%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500 <\/strong><\/p>\n<\/td>\n

\n

4,337<\/p>\n<\/td>\n

\n

+0.4% (YTD: +13.0%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100 <\/strong><\/p>\n<\/td>\n

\n

7,624<\/p>\n<\/td>\n

\n

-0.8% (YTD: +2.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Euro Stoxx 50 <\/strong><\/p>\n<\/td>\n

\n

4,167<\/p>\n<\/td>\n

\n

-1.0% (YTD: +9.9%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude <\/strong><\/p>\n<\/td>\n

\n

USD 93.35<\/p>\n<\/td>\n

\n

+0.1%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n

\n

USD 2.64<\/p>\n<\/td>\n

\n

-0.1%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold <\/strong><\/p>\n<\/td>\n

\n

USD 1,934.80<\/p>\n<\/td>\n

\n

-0.6%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC <\/strong><\/p>\n<\/td>\n

\n

USD 26,295<\/p>\n<\/td>\n

\n

-0.7% (YTD: +59.8%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

THE CLOSING BELL- <\/strong><\/p>\n

The EGX30 rose 0.5% at yesterday\u2019s close <\/strong> on turnover of EGP 2.5 bn (16.9% above the 90-day average). Foreign investors were net buyers. The index is up 39.2% YTD.<\/p>\n

In the green: <\/strong>Palm Hills Development (+6.9%), Abu Dhabi Islamic Bank (+6.7%) and Ezz Steel (+5.8%).<\/p>\n

In the red: <\/strong>E-Finance (-2.1%), Fawry (-1.8%) and Telecom Egypt (-1.1%).<\/p>\n","protected":false},"excerpt":{"rendered":"

The IPO was almost 95x oversubscribed<\/p>\n","protected":false},"author":1,"featured_media":607079,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7210],"tags":[84,72,119,11579,122,219,9009,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-607078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-planet-finance","tag-efg-hermes","tag-enterpriseam","tag-financial-markets","tag-lumi","tag-planet-finance","tag-saudi-arabia","tag-spinneys-2","tag-uae","wpautop","entry"],"acf":{"mongo_id":"810b50b4-b4c0-4826-aa7f-f2b822daf93a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/1537.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Lumi shares rise 30% on Saudi stock market debut","related_issue":[607056],"teaser":"The IPO was almost 95x oversubscribed","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/9\/.456436cd-dbff-412c-98de-c53e820e5a66.mp3"},"yoast_head":"\nLumi shares rise 30% on Saudi stock market debut - 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The two shareholders will offer 24 mn shares\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/900.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":611852,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/13\/the-gulf-ipo-boom-shows-no-signs-of-slowing\/","url_meta":{"origin":607078,"position":3},"title":"The Gulf IPO boom shows no signs of slowing","author":"enterpriseam admin","date":"13 December 2023","format":false,"excerpt":"Investors pile into Gulf IPOs: The IPOs of Saudi broadcaster MBC and Emiratihealthcare firm PureHealth have attracted a combined USD 86.5 bn in bids as investor demand for Gulf companies continues apace. #1- PureHealth prices shares in c. 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