Cairo – Mubasher: The Egyptian Exchange (EGX) on Tuesday announced that a transaction was executed on Global Telecom Holding’s (GTH) stock at a value of EGP 645.23 million.

About 99.26 million shares were exchanged through the transaction at EGP 6.5 per share, according to a bourse statement.

The company’s financial results had showed a turn to losses, reporting $91.9 million net losses during 2016.

By 10.22 am, GTH’s stock rose 1.2% to reach EGP 6.72, with a turnover of EGP 27.8 million.