Update 1: 28/01/2024 12:22 CLT
SevenĀ banks are currently trading at or near historical highs, with their stock prices reaching 52-week highs. These banks are actively participating in the ongoing rally at the EGX. The table below displays stock prices as of January 28, 2024, 12:18 CLT, along with the range up to their respective 52-week high prices, which serve as the benchmark (the 52-week high price could also represent the highest price).

*Prices as of 228/01/2024 12:18 CLT

Main: EGX30 at New High with SKPC and ALCN Joining the Rally
The EGX30 index has reached a new milestone, surpassing 28,200 points and showcasing an impressive year-to-date performance of +13.44%. Among the standout performers driving this upward trend is Sidi Kerir Petrochemicals (SKPC), which is experiencing an exceptional rally.
Within the first 30 minutes of the trading session, SKPC's stock price surged to the limit up price range of EGP 42.60 per share, marking a new historical high. The company's year-to-date performance is equally remarkable, with its stock trading at EGP 41.60 per share, reflecting a substantial gain of +43.10%.
Alexandria Containers and Goods (ALCN) is joining the rally alongside SKPC, experiencing a notable surge of over +10%. This upward movement prompted a temporary halt in EGX trading for 10 minutes. Following the suspension, ALCN successfully completed the rally, reaching an all-time high price of EGP 70 per share. The year-to-date performance for ALCN stands impressively at +37.30%.
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