Cairo – Mubasher: Al Ahly for Development and Investment stock rose to its highest level in 30 months (since December 2014), supported by announcing negotiations to acquire Sigma Capital.
By 12:40 pm, the stock jumped 9.9% to reach EGP 12.2.
Meanwhile, liquidity reached EGP 10.2 million through exchanging 874,200 shares.
Al Ahly for Development and Investment on Monday announced that it will start negotiations to acquire Sigma Capital for financial investments, according to a bourse filing.
The acquisition will take place through a share swap in the capital of Al Ahly.
