Egyptian For Tourism Resorts (EGTS), a prominent player in the Egyptian tourism industry, has experienced a significant surge in its share price. Despite the remarkable 20.2% increase from August 16 to 20, 2023, the company has denied the occurrence of any material events that could explain the surge. In a disclosure sent to the Egyptian Exchange (EGX), EGTS clarified that there was no news or information that could have had a significant impact on the price of its shares. Moreover, EGTS has reached a new 52-week high price of EGP 3.93 per share during today's session, further bolstering its positive momentum.
As EGTS continues to trade in positive territory despite the denial of material events, EGTS shares continue to trade in positive territory, with the share price reaching EGP 3.80 per share by 11:00 CLT, reflecting an additional increase of +6.70%.
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