Cairo, Egypt - In a surprising turn of events, Juhayna Food Industries (JUFO) witnessed an aggressive buying wave commencing at 2:00 PM CLT during today's trading session. The stock's price soared to an unprecedented all-time high of EGP 17.04 per share, marking a significant increase from the previous session's closing price of EGP 14.21 per share adding +19%.
*Graph for JUFP price last 10 session and prices fro today session 16/08/2023
Today's trading session saw an surge in volume, with JUFO witnessing a total of 3 million shares traded. This figure represents a remarkable increase of approximately 220% compared to the average trading volume over the past five days.
Juhayna Food Industries-JUFO reported strong financial results for the first half of 2023 last week on the 8 of August 2023, with net profit up 74% year-over-year to EGP 556 million. The company's 2Q2023 net profit reached 217 million, up 27% YoY.
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