Egyptian Stocks: Ezz Ceramics & Porcelain, Sewedy Electric
The following stocks rose or fell in Egypt. Symbols are in parentheses.
Al Ezz Ceramics & Porcelain Tiles Co. (ECAP EY) declined 1 percent, the most in a week, to 2.95 Egyptian pounds. The Cairo- based tiles maker’s exports to Libya have been halted by political unrest and it is now targeting Saudi Arabia as an alternative, Al Shorouk newspaper reported, citing Hatem Shahine, investor relations manager.
El Sewedy Electric Co. (SWDY EY) gained 3.8 percent to 40.58 pounds, the highest level since March 27. Egypt’s biggest manufacturer of electric cables said 2010 profit rose 29 percent to 816.6 million pounds ($137 million).
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