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El Sewedy Electric Shares Reaches New High Despite Denial of Delisting Rumors

El Sewedy Electric (SWDY) hit a new historical high for the second consecutive session. Earlier today, the company issued a disclosure to the EGX, denying rumors of an intention to delist its stock and confirming that there is no undisclosed material information. SWDY shares surged to EGP 65 within the first hour of trading, marking a 10% increase and prompting the EGX to halt trading for 10 minutes. This surge has boosted the stock's year-to-date performance to +110%.


Prices as of 11/08/2024 session 10:45 CLT





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