EGX
1.11 EGP
+9.94%More than 12 months
Buy stock at the current price
March 15, 2026 at 6:42:35 PM
Medium
75.00%
10.00%
The Arab Co. for Asset Management and Development (ACAMD) has demonstrated a notable upward trend in its stock performance, with a 4.68% increase in the past 24 hours, reaching a current price of 1.006 EGP. This positive momentum, coupled with a strong buy technical rating, suggests potential for continued growth.
Over the past week, ACAMD's stock has risen by 7.9%, outperforming the Egyptian Real Estate industry average of 3.2%. Over the past year, the stock has seen a 1.5% increase, surpassing the industry average of -2.9%.
The Egyptian real estate sector has shown resilience, with the market returning 8.2% over the past year. ACAMD's alignment with national development plans and urban expansion initiatives positions it to capitalize on these favorable economic conditions.
ACAMD holds a substantial land bank of approximately 588,000 square meters in Egypt, positioning it well for future real estate development projects. The company's focus on residential and commercial units, malls, hypermarkets, office spaces, and recreational areas enhances its market presence.
ACAMD's recent positive performance, strong market positioning, and alignment with favorable economic trends suggest a potential for moderate growth in the coming year. Investors may consider this stock for its potential appreciation.
- Recent 4.68% stock increase to 1.006 EGP.
- 7.9% rise over the past week, outperforming industry.
- Strong buy technical rating indicates growth potential.
- Extensive land holdings position ACAMD for future projects.
