Sidi Kerir Petrochemicals, Suez Canal Bank: Egypt Equity Preview
The following companies may be active in Egypt’s stock market. Symbols are in parentheses and prices are from the last close.
The benchmark EGX 30 Index advanced 0.4 percent to 5,421.23 in Cairo.
Sidi Kerir Petrochemicals Co. (SKPC EY): The Alexandria, Egypt-based chemicals manufacturer was cut to “reduce” from “neutral” and had its share-price estimate set at 14 Egyptian pounds at Nomura Holdings Inc. The shares advanced 0.4 percent to 14.5 pounds.
Suez Canal Bank (CANA) : The Cairo-based lender said first-quarter profit fell almost a third to 20.7 million pounds ($3.5 million). The shares rose 4.8 percent to 6.74 pounds.
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