Cairo-Mubasher: The Sixth of October for Development and Investment Co. (SODIC) said on Monday it sold 70,200 treasury shares.
The developer added in a bourse statement the number of its sold treasury shares reaches 217,746 and the remaining ones amount to 519,754.
In March, the board approved selling 737,500 treasury shares within the stock’s market price limits.
Companies should not hold their treasury shares for a period exceeding one year, according to the market regulations.
The stock reached EGP 11.61 at 10:45 Cairo time. Nearly 38.5 million shares were traded at a turnover of more than EGP 27 million.
