Stock Track | Korea Electric Power Soars 5.39% on Major Saudi Power Deals

Stock Track11-30

Korea Electric Power Corporation's stock soared 5.39% in the intraday trading session on Friday, following the announcement that the company has secured major power purchase agreements and projects in Saudi Arabia.

According to the company's update, Korea Electric Power (KEP) has entered into significant power purchase deals and projects in Saudi Arabia, marking a major milestone for the company's expansion into the Middle Eastern market.

The positive news fueled investor confidence, leading to a substantial surge in KEP's stock price during Friday's trading session. The deals are expected to contribute to KEP's future revenue growth and solidify its position in the global power industry.

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