Cairo – Mubasher: Beltone's stock moved higher from EGP 7.71 to EGP 10.41 per share during 8-17 August 2016, the Egyptian Exchange stated.

According to Mubasher database, this jump had been achieved in four trading sessions only after Cairo bourse cancelled all transactions carried out in the other six sessions.  

Moreover, Price-Earnings ratio (P/E ratio) reached 327.36_x on 17 August, against 242.45_x on 8 August, the Egyptian Exchange indicated in light of the consolidated financial results for the period ended 31 December 2015.

"Starting from the first of July 2015 to 30 June 2016, there was no P/E ratio for the stock, while the market's and sector's P/E ratios stand at 15.49_x and 20.29_x respectively.   

Today, the bourse decided to cancel all transactions carried out until 10:22am Cairo time and to suspend all trading activities as well. Trading was resumed after ten minutes of the statement.

In Thursday's trading session, the stock quote was 9.99% higher to EGP 11.45 with a turnover of EGP 228,800 by 11:00am Cairo time.