Cairo-Mubasher: The Egyptian Federation for Construction & Building Contractors (EFCBC) has purchased 650.770 shares of Misr Cement-Qena on 25 June, at an average price of EGP 85 each, totalling EGP 55.315 million. Thus, EFCBC raised its equity from 3.3% to 5.5%.

Asek earlier sold 4.545 million shares of the cement producer at a total value of EGP 386.325 million.

The company operates with EGP 298.8 million in capital, divided into 29.9 million shares at a par value of EGP 10 each.