*Data as of 29/05/2024 session 12:16 CLT
B Investments (BINV) continues its upward streak for the fourth consecutive day, with a remarkable surge in 1Q-2024 earnings. Net income has soared by an impressive 105%, reaching EGP 950 million compared to EGP 463 million. The stock is currently trading at EGP 22.50 per share, marking a significant increase of 9.76%. Since the closing of the session on May 23, 2024, BINV has demonstrated a remarkable overall performance, with a total gain of 31%.
Orascom Financial (OFH) also displays a surge today, with a notable increase of 7.4%. The stock is currently trading at EGP 0.304 per share. Joining the upward movement, Contact Financial (CNFN) experiences a surge of 6.4%, trading at EGP 4.5 per share.
Looking at the relationship between these three stocks, BINV holds a major share in OFH, and OFH, in turn, owns a share in CNFN.
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