Egypt .. “Fawry” shares has risen to the highest price in 49 months

Immediate share of bank technology and electronic payments “Fawry”, which is included in the Egypt Stock Exchange, succeeded in achieving a historical level that has not been touched by 49 months (4 years, month and 18 days), as the share has not exceeded the price level since May 19, 2021.

The company’s shares rose by 2.39% at the end of the Monday session, to close at 12.86 pounds per share, and a difference of 0.3 pounds per share.

The highest price for the share was at the end of today’s session at 12.97 pounds, while the lowest price was at 12.4 pounds per share.

The trading on an immediate share came at the end of today’s session through 2.12 thousand trading operations, at 10.61 million shares with a trading value of 135.6 million pounds.

In Mali, it immediately achieved a growth in its collecting profits in the first quarter of the current fiscal year 2025 by 92% to record 641.66 million pounds, compared to its collected profits during the first quarter of the last fiscal year amounting to 333.71 million pounds, with revenues increasing by 65.1% to 1.79 billion pounds in the first quarter of the current fiscal year 2025, compared to 1.08 billion pounds in the first quarter of the financial year the past.

Fawry was founded in June 2008 as an Egyptian joint stock company, with the aim of providing innovative electronic payment solutions that facilitate individuals and companies to implement their financial transactions, and since its inception, Fawry has played a pivotal role in supporting the digital transformation within the Egyptian market, through an extensive network that includes hundreds of thousands of service points, including ATM machines, e -wallets, and commercial outlets, in addition to the online payment portals.

In July 2019, the company’s shares were listed on the Egyptian Stock Exchange to become the first Egyptian financial technology company to be included in the market, and later entered the companies of the companies that exceeded the market value one billion dollars, and continues to expand its services to include microfinance, banking services, and e -commerce, which strengthened its position as one of the most prominent financial technology pioneers in the region.