Cairo – Mubasher: Misr Cement – Qena said Monday that Al Ahli Capital Holding raised its stake in the company to 9.2% from 7.5%.
The stake hike was executed through purchasing 501,700 shares at an average purchase price of EGP 89.5, totalling EGP 44.9 million.
Misr Cement sold 500,000 treasury shares on Sunday.
The stock dropped in today’s early trading by 5% to EGP 85.
