Emaar Misr (EMFD) Shares Rockets: +19.80% in a Single Session, +31.70% in Two Sessions

Cairo, February 4, 2024 — Emaar Misr for Development (EMFD) shares blazed a trail today, soaring to the limit up price of EGP 4.90 per share. This meteoric rise of 19.80% within a single trading session left investors wide-eyed, as the stock gained an impressive 31.70% gain over two consecutive trading days. prices and data as of 04/02/2024 13:16 CLT

On the bid side, the order book was ablaze, with over 10 million shares snapped up at the limit up price. Meanwhile, the ask side remained eerily silent, offering zero shares. The executed volume? A staggering 62 million shares, dwarfing the average traded volume over the past 5 days by a whopping 480%.

EMFD is currently trading at a -4.5% from its all-time high price of EGP 5.13 per share, a record set back in April 2018.

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