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Rameda sees EGP 1.6bn block-trading deal on Tuesday

Rameda sees EGP 1.6bn block-trading deal on Tuesday
The transaction involved 405.36 million shares
Rameda
RMDA
-4.60% 2.49 -0.12

Cairo – Mubasher: Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) witnessed a block-trading deal worth EGP 1.657 billion on the Egyptian Exchange (EGX).

The transaction involved 405.36 million shares, according to a statement on Tuesday.

During the first six months of 2020, Rameda’s net profits more than doubled to EGP 43.47 million from EGP 20.6 million in the same period in 2019.