The Egyptian stocks witnessed a bullish wave during today’s session, as some companies topped the list of the highest, in reference to the improvement of investor confidence in the market, and these gains were driven by increasing trading sizes, in addition to strong performance in various sectors such as financial investment, technology, and real estate.
In this report, we highlight the most prominent shares that recorded great heights today and the reasons for this positive performance.
The higher stocks in the Egyptian market
Prime Holding for Financial Investments
Prime Investment Holding shares recorded a strong increase by 19.58% to 1.014 pounds, compared to the previous closure price at 0.848 pounds, and this rise came with the support of the improvement of demand for the stock, as well as investor optimism about the company’s prospects in light of the stability of financial markets, which strengthened the trading activity on it during the session.
New Ismailia for Urban Development and Development
The new Ismailia share for urban development achieved gains of 11.27%, to reach 22.700 pounds after the session was opened at 20.400 pounds, and this strong performance is due to the continued increasing demand for the real estate sector, as the stock is among the companies that benefit from the growth of the real estate market in Egypt, which attracted the attention of investors.
Digitiz Investment and Technology
The Digitizer share for investment and technology increased by 7.17%, to close at 2.690 pounds compared to 2.510 pounds in the previous closure, and this positive performance reflects the increasing demand for technology shares, especially in light of the accelerated digital transformation and increased investments in the financial technology sector, which significantly supported the stock during the session.
Mills and bakeries south of Cairo and Giza
The share of mills and bakeries south of Cairo and Giza witnessed a rise of 6.59% to 103,880 pounds, after the session was opened at 97,460 pounds, and this performance is attributed to the stable financial performance of the company, in addition to the strong demand for its products in light of the continuation of the strong momentum for the food sector, which made the stock a defensive option for investors.
Cooper for Commercial Investment and Real Estate Development
Cooper’s shares for commercial investment and real estate development achieved gains of 6.03%, to reach 0.475 pounds compared to the previous closure price at 0.448 pounds, and this increase reflects the improvement of the future view of the real estate sector, especially in light of the increasing growth of real estate projects and increasing demand for housing and commercial real estate.
