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EGX ends Thursday in green; Fawry’s stock up 31%

EGX ends Thursday in green; Fawry’s stock up 31%
Trading volume reached 282.8 million shares

By: Heba El-Kordy

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session on a positive note.  

The benchmark EGX30 index climbed by 2.16%, finishing the session at 14,180 points.

Trading volume reached 282.8 million shares exchanged at a turnover of EGP 1.4 billion.

At the end of its first day of trading, the stock of Fawry for Banking Technology and Electronic Payments jumped by 31.3% to close at EGP 8.48 at a turnover of EGP 394.3 million.

In addition, the EGX announced the closure of the mandatory tender offer for shares of Global Telecom Holding (GTH) submitted by VEON Holdings B.V. at a combined value of EGP 9.72 billion.

The stock of GTH will be delisted from the EGX on 14 August.