Cairo - Mubasher: Raya Holding for Technology and Communications Company negated that it is intending to list its stocks on London and Dubai markets, according to a press release issued on Sunday.

Earlier, media reports quoted the company’s board member Samer El Waziri saying the company is planning to study the possibility of being listed on the Dubai Financial Market, or the London Stock Exchange through global depository receipts (GDRs).

Raya’s stock ended Sunday’s trading by rising 2.4%, closing the session at EGP 4.26.