Eastern Company goes up 3.5% on tobacco price increase announcement

The EGX30 rose 1.6% at today’s close on turnover of EGP 1.89 bn (36.2% above the 90-day average). Foreign investors were net sellers. The index is down 2.2% YTD.

In the green: Fawry (+4.7%), GB Auto (+3.5%) and Eastern Company (+3.5%).

In the red: MM Group (-1.9%), Oriental Weavers (-1.7%) and Orascom Financial Holding (-0.3%).