Monday 23 Dec
Shares of Talaat Moustafa Group (TMG) topped the list of most actively traded stocks on the Egyptian Exchange during the first quarter of this year, after recording trades worth 25.2 billion Egyptian pounds and representing 15.1% of total trading, with a trading volume of 431.6 million shares.
The record performance of Talaat
Moustafa Holding Group's share came as a result of the group's significant
expansions in the Kingdom of Saudi Arabia and the launch of the Banan City project
in Riyadh, with investments estimated at around 31.4 billion Saudi riyals; the
group is also close to launching its upcoming South Mead project on the North
Coast.
Commercial International Bank
(CIB) followed far behind TMG, ranking second with a trading value of 14.1
billion Egyptian pounds and a volume of 183.2 million shares. Elsewedy Electric
placed third with 9.9 billion Egyptian pounds in trading value and 242.4
million shares traded.
Belton Holding secured fourth
place with a trading value of 6.6 billion Egyptian pounds and a volume of 2.1
billion shares. Egypt Fertilizer Production Company (MOPCO) followed in fifth
place with a trading value of 6.3 billion Egyptian pounds and a trading volume
of 138.3 million shares. EFG Hermes Holding Group's share came in sixth place
with a trading value of 6.2 billion Egyptian pounds and a trading volume of
372.8 million shares.
Palm Hills Development Company's
share ranked seventh with a trading value of 5.6 billion Egyptian pounds. Fawry
for Banking & Payment Technologies followed closely behind, recording a
trading value of 5.3 billion Egyptian pounds and a volume of 844.5 million
shares. Emaar Misr for Development secured ninth place with a trading value of
5.09 billion Egyptian pounds and a trading volume of 888.9 million shares.
Rounding out the top ten was Ezz Steel, whose share recorded a trading value of 4.5 billion Egyptian pounds and a volume of 64.4 million shares.
