Update 2: with bids exceeding 1 million shares. Interestingly, the ask side of the shares currently shows zero shares for sale. by 07/06/2023 1:03 pm CLT
Beltone Financial (BTFH) witnessed a remarkable surge in share price, recording a staggering increase of +244% since May 18th, 2023. BTFH, which recently underwent one of the largest capital increases in the Egyptian market, with an amount of EGP 10 billion, has seen its right issue for the capital increase traded separately. The starting price for the right issue was EGP 0.299 per share, which surged by +295% in just two days, and continued to climb during the mid-trading session on June 7th, 2023.
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