Wednesday 15 Jan
The Egyptian Stock Exchange opened strong on Wednesday, led by gains in Talaat Moustafa Group Holding, Ezz Steel, Commercial International Bank (CIB), and Hermes Holding Group.
Traders indicated that Talaat Moustafa's stock surged 8% recently, following the purchase of 850,000 shares by its CEO, Hisham Talaat Moustafa, over two trading days (Sunday and Monday). This insider buying boosted investor demand for the stock. They stated that the deal to purchase the Group's shares increased the demand among traders to buy the stock.
