Egyptian Stocks: Delta Sugar and Egyptian Gulf Bank Were Active
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Delta Sugar Co. (SUGR) , Egypt’s biggest publicly traded sugar refiner, retreated as much as 2.8 percent before closing 0.6 percent lower at 20.25 pounds. State-run Sugar & Integrated Industries Co. delayed a tender for 50,000 to 80,000 metric tons of raw sugar until Nov. 20 because of high prices, Hussein Ahmed, a purchasing manager at the company, said today.
Egyptian Gulf Bank (EGBE) lost 3.5 percent, the most in almost two months, to $1.65. The Cairo-based lender said its nine-month profit dropped by more than a third to 48.3 million pounds ($8.1 million) from a year earlier.
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