Egypt .. The Egyptian Telecom Egypt shares

Telecom Egypt – Wi -runway and trading on the Egypt Stock Exchange managed to achieve its highest price level since the list, during the Sunday session.

The highest price for the share was at the end of the session at 39.75 pounds, while the lowest price for the share was at 37.8 pounds.

The company’s shares rose 0.98% at the end of today’s session, to close at 38.3 pounds per share, with daily gains 0.37 pounds per share.

The trading on Telecom Egypt’s share came at the end of Sunday session through 1.39 thousand trading operations, on 1.11 million shares with a trading value of 42.85 million pounds.

Mali, the company achieved an increase in its collected profits during the first quarter of the current fiscal year, by 20% to reach 4.65 billion pounds at the end of last March, compared to 3.88 billion pounds in profits in the first quarter of the last fiscal year 2024.

The company achieved a growth in its collected revenues during the first quarter of the current fiscal year to 24.79 billion pounds, compared to 17.48 billion pounds in the first quarter of last fiscal year.

Telecom Egypt is the oldest telecommunications company in the Middle East and Africa, and was founded in 1854 under the name “Eastern Company for Telegraph”, when the first Telegraph line linking Cairo and Alexandria was established.

The company developed through contracts to become the main provider of fixed phone and internet services in Egypt, and in 1998 it turned into an Egyptian joint stock company under its current name, as part of a plan to restructure the telecommunications sector.

In December 1999, Telecom Egypt was listed on the Egypt Stock Exchange after the Egyptian government offered 20% of its shares for public trading. Since then, the company has expanded to become the first integrated communications operator in Egypt, as it launched mobile services in 2017 under the “We” brand, to compete in the communications market in addition to providing internet services, transferring data, marine cables, and cloud computing.