The stock closed at EGP 76.88, up 2.51% on Monday, supported
by positive news on TMG’s ongoing and upcoming projects.
TMG has captured 5% of the Egyptian Exchange’s liquidity,
driven by market confidence in the group’s positive developments.
Last week’s trading showed the stock acquiring 5% of market
liquidity, ranking just behind EFG Holding, which secured more than 6%.
Real estate revenues were the main driver of TMG’s
performance in the third quarter, rising nearly 27% year-on-year to EGP 8.8
billion. Hotel revenues also improved, though modestly, reaching EGP 2.7
billion.
TMG continues to develop major projects in Egypt, including
Madinaty,Al Rehab City, Celia, and Noor in East Cairo, as well as the massive
SouthMED project in Ras El Hekma on the North Coast. The group recently
announced a large hotel project near the Grand Egyptian Museum.