Egyptian Stocks: Ascom, Citadel Capital, Delta, GB Auto, Juhayna

Egypt’s benchmark EGX 30 Index (EGX30) fell 0.8 percent to 4,383.49, the lowest level in two weeks, at the 2:30 p.m. close in Cairo. The measure retreated 0.9 percent in two days of trading this week.

The following shares rose or fell. Symbols are in parentheses.

Asec Co. for Mining (ASCM EY) fell 1.2 percent to 8.05 Egyptian pounds, the lowest since Oct. 30. The mining unit of Egyptian private equity firm Citadel Capital SAE posted a nine- month loss of 67.3 million pounds ($11.3 million) after a profit of 2.88 million pounds profit a year earlier. Citadel shares declined 1.2 percent to 3.27 pounds.

Delta Sugar Co. (SUGR) advanced 1.2 percent to 20.37 pounds, the highest in two weeks. Egypt’s biggest publicly traded sugar refiner said nine-month profit increased 25 percent to 360.6 million pounds.

GB Auto (AUTO EY) slumped 2 percent, the most in almost a month, to 23.57 pounds. The biggest independent car assembler in the Middle East is due to report third-quarter results on Nov. 13.

Juhayna Food Industries (JUFO) fell 0.8 percent to 4.7 Egyptian pounds, the lowest level in more than two weeks. Egypt’s biggest producer of packaged milk said it followed government regulations on buying milk from farmers and is aware of being referred to the public prosecution for alleged violations.

To contact the reporter on this story: Ahmed A Namatalla in Cairo at anamatalla@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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