Number of listed companies top 250

Monday, 6 June 2011 00:00 - - {{hitsCtrl.values.hits}}

The number of listed companies in the country topped the 250 mark last week.

The milestone was reached with the listing of Multi Finance last week (30 May) whilst the week also saw two more listings, Commercial Credit on 1 June and Mercantile Investments on 2 June. In the previous week, the number of listed companies amounted to only 249.

The three firms listed last week were by way of introductions. By end 2010, the number of companies listed on the CSE was 241 and since then there had been 11 additions. The number so far this year has already surpassed the total new listing of 10 achieved in 2010.

Prior to 2010, the highest number of listings of 242 was in 2004 whilst the lowest had been 231 in 2009.

Mid this month the bourse will see the listing of Expolanka Holdings Ltd., whilst the CSE last week announced two more IPOs – Browns Investments worth Rs. 250 million and Vallibel One Ltd. worth Rs. 500 million, whilst the biggest in six years, Softlogic Holdings’ Rs. 4 billion IPO, will officially open on Thursday.