Sunday 22 Dec

Stock Market

Talaat Moustafa stock lifts Egyptian market higher on Monday


Talaat Moustafa stock lifts Egyptian market higher on Monday

On Monday, shares of Talaat Moustafa Group Holding Company drove a 0.08% increase in Egypt's main stock market index. The company's stock also led the rise in the real estate sector index on the exchange by 0.9%.

Talaat Moustafa shares surged 2.47% on Monday, closing at 56.88 Egyptian pounds. Trading volume reached 3.9 million shares, valued at 222.3 million pounds, with 2116 transactions executed. This pushed the group's market capitalization above 117 billion pounds.

Talaat Moustafa stock holds the second-largest weight in the main Egyptian stock market index and the largest weight in the real estate sector index.