Talaat Moustafa Group Holding (TMG Holding) shares surged in early trading on the Egyptian Exchange Tuesday, buoying the main index. The rally followed the company's announcement of strong financial performance this year.
TMG's stock price climbed 1.03% to 55.68 Egyptian
pounds in morning trade, while the EGX 30 index rose 0.21% to 28,912 points.
The gains coincided with the group's announcement of sales exceeding 390
billion Egyptian pounds since the start of the year.