Egypt Cement – Qena listed and traded on the Egypt Stock Exchange increased by 1.33% during trading today, Thursday, to circulate at the price of 25.98 pounds per share, coinciding with the implementation of a large deal on the company’s shares.
The trading on Arab Cement shares at that time came through 236.61 thousand shares with a value of trading 6.19 million pounds.
The highest price for the stock was at that time at 26.50 pounds, while the price of the share was at 25.81 pounds.
The price of the share of Egypt Cement Company – Qena increased after the Egyptian Stock Exchange announced the implementation of a deal on the company’s shares.
The Stock Exchange explained that a deal was implemented through the Block Trading mechanism on the shares of the exporting company, where 9.6 million shares were traded with a total value of 223.2 million pounds.
In a related context, Misr Cement Company – Qena Safi profits of 271.38 million pounds during the year 2024, compared to 115.35 million pounds in 2023, taking into account the rights of the minority.
The company’s sales increased during the past year to 5.83 billion pounds, compared to 4.03 billion pounds in the year 2023.
At the level of independent business, profits witnessed a remarkable increase, reaching 215.75 million pounds in 2024, compared to 75.81 million pounds in 2023.
