Cairo – Mubasher: Elsewedy Electric has recorded today the highest since mid-February after rising 1.15% to EGP 47.62 by 1:00pm Cairo time, Mubasher.info noticed.
In terms of volume, around 53,600 shares were traded in 37 transactions at more than EGP 2.5 million.
Both the highest and lowest quotes were respectively at EGP 48 and EGP 47.02 in Tuesday's trading session.
Earlier, MubasherTrade Research kept 'buy' recommendation on the stock with an upside potential of 22%.
Further, the fair value was set at EGP 54.99, according the research firm.
By 1:00am Cairo time, the Egyptian Exchange's main index was 0.90 lower to 8,198 points.
