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Update 6: Fintech Stocks Take the Spotlight: E-Finance and Fawry Lead with High Volumes and Price Surges

Updated: Mar 12, 2024

Update 6: E-Finance (EFIH) continues to display positive momentum, with the stock price reaching a new historical high of EGP 33.98/share, marking a significant increase of 8.60% today. The year-to-date (YTD) performance stands at approximately 90%. This surge is attributed to the strong performance of Fawry for Banks Technology, which also recorded a notable increase today, trading at EGP 8.80/share, reflecting a 1.3% gain. The YTD performance for Fawry for Banks Technology is around 58%. prices as of 10:40 CLT 12/03/2024 session


Update 5: E-Finance Refuses to Settle, Breaking to New Highs Near Session End, Reaching EGP 32.40/Share. Prices as of 12:55 CLT 11/03/2024


Update 4: E-Finance -EFIH Achieves Milestone: Hits EGP 30/Share, Setting a Historic High of EGP 30.90/Share, Prompting a 10-Minute Trading Suspension on the EGX. Subsequently, Fawry for Banks Technology Follows Suit, Suspending Trading for 10 Minutes and Reaching EGP 9.25/Share. EFIH Boosts its Year-to-Date Performance to +77%, While FWRY Records a +68% Increase. Prices as of 11/03/2024 session 10:29 CLT




Update 3: Fintech stocks, led by E-Finance (EFIH), are marking their third consecutive week of positive performance since February 25, 2024. EFIH continues to ride the wave, recording a robust rally in yesterday's session (10/03/2024 session) and surging to the session limit up at EGP 27.45, a gain of +19.97%. The stock boasts a noteworthy Year-to-Date (YTD) performance of +57%. In a similar trend, Fawry for Banks Technology (FWRY) has also surged, hitting the session limit up at EGP 8.40 (+20%), setting a new 52-week high, and accumulating a strong YTD performance of +52%.


*Prices as of 10/03/2024 session close












Update 2: Fintech stocks maintain strength for third consecutive day

as they continued positive performance by the mid-session. Fawry (FWRY) has achieved a new 52-week high price of EGP 7.99 per share, with a Year-to-Date (YTD) performance of +40% and currently trading at EGP 7.67 per share. E-Finance (EFIH) is leading the charge, boasting a YTD performance of approximately +35% and a trading price of EGP 23.65 per share. Prices as of 1:31 CLT 28/02/2024 Session



Update 1: Fawry for Banking Technologies (FWRY) has witnessed a remarkable surge for the second consecutive day, accompanied by robust trading volumes during the early hours. In-terms of volumes the stock has experienced an impressive increase of over +200% compared to the average volumes of the past five days, reaching EGP 7.18 per share, reflecting a gain of +7.8% as of 27/02/2024 10:41 CLT. FWRY YTD Performance Stands at +31%.




Cairo, February 26, 2024 - Fintech stocks are once again grabbing the limelight, with E-Finance (EFIH) and Fawry taking the lead on the trading screens during the first half of the session. E-Finance experienced a notable surge of +6.25%, reaching EGP 18.86 per share. The stock recorded a total trading volume of 3.5 million shares.


Simultaneously, Fawry for banks technology witnessed an extraordinary surge of +10.19%, hitting a session high at EGP 6.27 per share. Notably, Fawry achieved the highest price recorded during the session, accompanied by an impressive total traded volume of 40 million shares.


Notably, MM Group's shares (MTIE) also demonstrated a surge of over +15%, trading at EGP 9.25 per share. It is worth mentioning that MTIE is a partner at Basata Holding, an e-payment company that owns Bee and Masary. you can get the full story of Basata through the following Link





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