Al -Nasr Al -Nasr clothes and textiles “Cabo”, which is running and trading on the Egypt Stock Exchange, increased by 2.5% at the end of trading today, to close the session at the price of 5.33 pounds per share.
The trading on Al -Nasr Al -Nasr clothes and textiles came at the end of the last week sessions, through 125 trading operations, which included 1.15 million shares with a value of trading 6.04 million pounds.
The highest price for the share was at the end of the session at 5.33 pounds, while the lowest price came at 5.11 pounds, to close the stock at the highest price since it was included in the Egypt Stock Exchange and thus achieved a new price level that he had not seen before.
The extraordinary general assembly of the company agreed during its last meeting on February 27 to the recommendation of the Board of Directors to increase the capital by 100 million pounds to increase to 564.69 million pounds, through the issuance of rights to subscribe and circulate separately, and to amend Article 54 of the Basic Law, so that the end of the company’s finishing year on June 30 of each year, instead of December 31 of each year.
It is noteworthy that the company achieved a growth in its annual net profit by 88.4% to 207.91 million pounds at the end of June 2024, compared to profits of 110.36 million pounds during the fiscal year at the end of June 2023.
Victory for clothes and textiles known as “Cabo” is an Egyptian company specialized in manufacturing and distributing clothes and textiles, and offers a variety of products that include women’s clothes, men’s clothes, and children’s clothes, as well as shoes, accessories and sports tools.
