The EGX cancelled all trades in Qalaa Holdings (QH) shares made yesterday prior to the company’s shares being suspended pending its explanation of why it believed its share price has surged of late, Al Borsa reports. Qalaa shares have been among the day’s top gainers in recent trading sessions with exceptionally high volumes. In a disclosure to the bourse, QH denied there being any news yet to be announced that could have contributed to the share price rally. “The company is committed to reporting any events that transpire and we are keen on maintaining our transparency with bourse administration,” the letter read.

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