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Update 2:Eastern Tobacco has broken its 52-week high for the second consecutive trading session

Updated: Jun 18, 2023

Update 2: 11:25 AM CLT 18/06/2023


For the second consecutive trading session, East's shares have soared, reaching a new 52-week high at a price of EGP 20.89 per share.



 

Original Update


Eastern Tobacco (EAST) has broken its 52-week high price, reaching and surpassing EGP 19.80 per share as of May 31, 2023. It is worth noting that EAST's all-time high price was recorded in March 2018 at EGP 30.13 per share. The new 52 Week High is EGP 20/share


During the auction session, Eastern Tobacco (EAST) reached one of its best session closing prices ever at EGP per share, with a total volume of around 972,000 shares traded. Additionally, the bid quantity reached 530K at the highest price of the session Price Limit which is EGP 23.10/share.


Recently, Forbes Middle East has reported that Eastern Tobacco (EAST) has been recognized as one of the top 50 companies in the Egyptian Exchange, ranking 15th


Previously, EGVEST had the opportunity to meet with Mr. Hany Aman, Chairman, and Managing Director of Eastern Tobacco, who provided a comprehensive overview of one of the largest transformations taking place across the public sector in Egypt.


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