Rana Mamdouh _ MNT Tech Holding for Financial Investments, known as MNT-Halan, concluded its first trading session on the Egyptian Exchange today, Tuesday, rising by 6.61% to close at EGP 26.12, compared to an opening price of EGP 24.50, which represents the public and private offering price.
During the session, the share recorded a high of EGP 28.80, while its low level reached EGP 26.30. Trading volume amounted to 47.662 million shares through approximately 21.912 thousand transactions, according to published trading data.
The share had recorded an increase of 13.88% during the first minutes of trading after rising to EGP 27.90.
The management of the Egyptian Exchange announced the day before yesterday the execution of the public and private offering of 320 million shares, representing 20% of the share capital of MNT-Halan at a price of EGP 24.5 per share, with a total value of EGP 7.840 billion.
The offering witnessed strong investor demand, as the public tranche was covered by 43.6 times, while the private tranche coverage reached 11.2 times, rising to 19.4 times excluding strategic investors.
The Egyptian Exchange decided to list the company's shares in the medium-activity market, allowing them to be traded in accordance with the mechanisms applied to securities listed in this market, including same-session trading and margin buying, with the acceptance of the shares as collateral up to 80% of their market value.
It was also decided to apply price limits of 40% for increases and decreases during the first trading session, without applying temporary suspension mechanisms until the end of the session in which a new closing price is recorded.
Regarding the share price stabilization mechanism following the public offering, it was decided to open the private deals market for 30 calendar days, starting from October 20 until November 18, 2026, with the offering manager committed to registering an open buy order at the offering price, in accordance with the rules regulating the mechanism.
