Orascom Construction PLC (ORAS) experienced a remarkable surge today as its shares soared by 20%, hitting the session's upper limit at EGP 169.21 per share. At 13:05 CLT on October 1, 2023, there were no shares available for purchase at the asking side, while the bid side witnessed an overwhelming demand of over 100,000 shares. This surge also resulted in the stock reaching a new 52-week high, coming close to its all-time high price of EGP 172 per share, which was previously recorded in May 2018.
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