Egyptian Stock Market Ends May with Impressive Performance, Led by Beltone Financial and MEPA

In May, the Egyptian stock market ended the month on a high note with a rally, but the last hour of the month saw a selling force for profit-taking. Despite the late-hour pressure, the Egypt exchange showed an impressive performance over selected stocks in the last 10 days of the month, with different stocks led by Beltone Financial (BTFH) making a superb run, gaining a total of 80%, as shown in the graph below.

A total of 18 stocks ended the month on a positive note, recording gains above 20%, with the medical packaging company MEPA leading the way with a gain of over 130%. Additionally, another 38 stocks recorded gains ranging between 10% to 19%.