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المصري اليوم
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Cement Stocks Surge Up to 50%
The indices and shares of cement companies increased significantly during the week, with gains reaching up to 50%. The building materials sectors led the rise with a 21% increase, while the market capitalization of the Egyptian Stock Exchange rose by 132.6 billion Egyptian pounds to reach its highest-ever level at 4.263 trillion pounds. Shares of cement companies such as Misr Beni Suef and Qena Cement also experienced strong gains. Additionally, the main stock indices, including the EGX 30, increased by 1.05%. This rise is attributed to the revival in the building materials sector and related stocks, along with growing confidence in the market and the stable financial performance of some companies.
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