EGX
1.09 EGP
+7.95%From 3 to 6 months
Buy stock at the current price
June 13, 2025 at 12:00:00 AM
Medium
70.00%
8.00%
Arab Co. for Asset Management and Development (ACAMD) has demonstrated a positive price movement recently, with a 4.68% increase on March 13, 2025, closing at 1.006 EGP. The company's technical indicators suggest a strong buy signal, and its market capitalization has grown by 53.17% over the past year, reaching 1.332 billion EGP. Despite these positive signals, investors should exercise caution due to the company's recent financial losses and higher volatility compared to the market average.
ACAMD's stock has seen a 4.68% increase on March 13, 2025, closing at 1.006 EGP. Over the past week, the stock has risen by 7.9%, outperforming the EG Real Estate industry average of 3.2%.
The Egyptian economy has been experiencing growth, with the real estate sector playing a significant role. Government initiatives to boost infrastructure and housing projects are expected to benefit companies like ACAMD.
ACAMD operates in the Egyptian real estate sector, focusing on real estate development. The company holds a land bank of approximately 588,000 square meters in Egypt, positioning it well to capitalize on the growing demand for real estate development in the region.
ACAMD has shown positive price momentum and holds a significant land bank in Egypt's growing real estate sector. While recent financial losses and higher volatility present risks, the company's strong technical indicators and favorable economic conditions suggest potential for growth.
- Positive price momentum with a 4.68% increase on March 13, 2025.
- Significant land holdings totaling approximately 588,000 square meters.
- Benefiting from Egypt's growing real estate sector and government initiatives.
- Technical indicators suggest a strong buy signal.
