By: Heba El-Kordy
Cairo – Mubasher: The stock of Giza General Contracting and Real Estate Investment Co rose to its highest level ever after the Egyptian Exchange (EGX) approved listing the company's stock-split shares on Sunday.
At the end of Monday’s trading session, Giza General Contracting’s stock leapt by 9.55% to an all-time high record of EGP 4.36.
Earlier on Monday, the company announced that it signed a contract worth EGP 600 million to build 55 residential buildings in New Mansoura City.
A total of 4.9 million shares were exchanged at a turnover of EGP 21.2 million through 689 transactions.
Year-to-date (YTD), the company’s stock soared by 73.016% or EGP 1.8, generating EGP 326.83 million in turnover.
Over the course of 2020, the stock gained EGP 1.66 with a turnover of EGP 1.17 billion.
On Sunday, the EGX’s listing committee approved listing the new shares of Giza General Contracting following a five-for-one stock split.
The new shares of the company will be listed on the EGX on 27 January.
