Cyprus Mail

Listing companies awaiting privatisation may revitalise investor interest in CSE

By Stelios Orphanides

The privatisation of state-owned companies has to go through the Cyprus Stock Exchange in order to make the process more transparent and increase investor interest, an economist and a CSE official said.

The exchange, which saw its average daily turnover rise 15 per cent to 307.849 euros last year compared to 267,476 euros the year before when it posted 2.6 million euros in after tax losses, saw its overall transaction volume increase to seven-digit figures after the relisting of the Bank of Cyprus share mid-December. Most of the more than 100 listed companies, saw their shares traded only on a limited number of occasions last year.

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