Cairo, August 8, 2023 - The Egyptian Exchange (EGX) is witnessing a strong performance today, marking the third consecutive session of positive price movements and high turnover. While the EGX30 index is hovering between slight gains and losses, the majority of stocks are in the green.
Several stocks are experiencing significant trading volumes and are nearing their 52-week high prices. Among these stocks are Domty (DOMT), GB Auto (GBCO), and Orascom Development Egypt (ORHD).
Orascom Development Egypt (ORHD) it is scheduled to release its 1H23 results on Tuesday, August 15, 2023, at 7:00 AM Cairo Local Time (CLT). Today, ORHD's trading volumes have more than doubled, with a total of 1.37 million shares exchanged by 12:58 CLT. This is significantly higher than the 5-day average of 607 thousand shares.
Talaat Mostafa Group (TMGH) is also experiencing higher-than-usual trading volumes today, surpassing the previous session and the 5-day average. By 1:15 PM CLT, approximately 2 million shares of TMGH have been traded, compared to the 5-day average of 1.18 million shares.
In addition to the mentioned stocks, keep an eye on CI Capital (CICH), MTI Group (MTIE), and Housing and Development Bank (HDBK). These stocks can be further analyzed using our market screener tools, which provide comprehensive data and insights for investors.
Fawry for Banking Technology and E-payments (FWRY) has made headlines with the news of Fawry Microfinance receiving preliminary approval from the Financial Regulatory Authority (FRA) to include SME financing in its portfolio. This development showcases FWRY's commitment to expanding its reach and catering to the financing needs of small and medium-sized enterprises..
Investors and market participants are advised to stay informed and monitor these developments closely as they navigate the Egyptian stock market.
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