Mobinil's shares break the 50 pound barrier

Shares in the Mobinil company (the Egyptian company for mobile phone service) dominated about 40% of the transactions in Egyptian stock market yesterday, where the price of one share at closing time amounted to 50.5 pounds, an increase of 2.6 pounds over Monday, by a great exchange volume amounting to 1.5 million shares.

The shares of Mobinil have topped the movement of activity through April, where Mobinil's share is considered one of the most active shares in the market due to several factors, the most important of which was the great number of the company's shares, amounting to 100 million shares distributed among a large number of dealers.