By: Heba El-Kordy
Cairo – Mubasher: The share price of the e-payment solutions provider Fawry for Banking Technology and Electronic Payments reached an all-time high of EGP 38.5, after rising by 2.05% at the end of Tuesday’s trading session.
Fawry saw the trading of about 924,700 shares at a turnover of EGP 36.33 million during the trading session.
The e-payment firm’s stock rose by 14.86%, generating a turnover of EGP 94.96 million, year-to-date (YTD), and jumped by 329.7% with a turnover of EGP 3.35 billion during 2020.
Earlier this week, Fawry announced that its shareholders approved a decision to increase the issued capital to EGP 453.65 million from EGP 353.65 million through a bonus issue, in addition to a cash increase of EGP 400 million to EGP 853.65 million.
During the first nine months of 2020, Fawry logged net profits of EGP 145.19 million, compared to EGP 76.25 million in the corresponding period a year earlier, including minority shareholders’ rights.
