*Prices on graph as of 03/09/2023 session 11:47 am CLT
Eastern Company, a leading tobacco manufacturer, has witnessed a significant surge in its stock price as its shares soared to a new 52-week high of EGP 22/share by 11:46 am CLT. This remarkable increase comes as Eastern Company made a strategic decision to raise its cigarette production volumes by 15% compared to previous months. The company aims to produce additional volumes of its products in collaboration with the government, ensuring an appropriate distribution process to reach consumers effectively and meet market demands. By leveraging its industrial capabilities, Eastern Company seeks to support the national economy. Furthermore, Eastern emphasizes the importance of close cooperation with all stakeholders to monitor the distribution and sale of cigarettes across various points of sale in the country, ensuring that the products reach consumers seamlessly.
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