The Egyptian Stock Exchange .. The share of “City of Egypt” has risen to the highest price in 270 sessions

The share of the city of Egypt for housing and construction, “Misr City”, is the listed and circulating on the Egypt Stock Exchange to restore a price level that has not achieved 270 trading sessions.

The highest price for the share was in the middle of the session today, Wednesday, at 4.8 pounds per share, while the lowest price was at 4.61 pounds.

The share of the city of Egypt witnessed an increase in the mid -trading today, Wednesday, by 2.81%, to trade at the price of 4.75 pounds per share.

Trading on the share of Egypt at that time came through 1.13 thousand trading operations, at 11.14 million shares with a value of trading 52.78 million pounds.

The company’s increase in the company is supported by purchasing its shares from the Egypt Stock Exchange, where it purchased the treasury shares yesterday, estimated at 1.75 million treasury shares, and last Thursday it purchased 1.5 million treasury shares, and 3.7 million shares of treasury last Wednesday, as part of its plan to buy 85.4 million treasury shares representing 4% of the company’s capital through the open market.

In addition to its general decision at the end of last week, with a cash distribution to its shareholders at a rate of 25 piasters (0.25 Egyptian pounds) for the stock, it is spent through two batches in May and October.

Mali, the company achieved a growth in its net profits by 37%, reaching 2.91 billion pounds during the fiscal year 2024, compared to its profits of 2.12 billion pounds in the fiscal year 2023.

And the city of Egypt for housing and construction is one of the leading real estate companies in Egypt and founded in 1959, as it began to develop 5.4 million square meters of Nasr City lands, which contributed to attracting a large number of investors.

Beltone acquired 88.3% of the shares of Egypt in 2006, which led to the restructuring of the Board of Directors and the appointment of a new team of real estate and engineering specialists.

The company offers a variety of residential and commercial projects, such as Taj City and Saray compounds, which are characterized by strategic sites and integrated services that meet the needs of customers looking for a sophisticated life.