Egyptian Stocks: Ezz Steel and Juhayna Food Are Active

Egypt’s benchmark EGX 30 Index rose 1.7 percent to 3,840.05 at the 2:30 p.m. close in Cairo, the highest level in a month.

The following were among the most active equities on the Egyptian Stock Exchange today. Stock symbols follow company names.

Ezz Steel (ESRS) jumped 6.9 percent, the most in almost seven weeks, to 4.36 Egyptian pounds. The government agreed to return production licenses to Ezz Steel and three other producers of the metal in exchange for fees totaling 1.47 billion pounds ($240 million), Al Shorouk newspaper reported. The licenses had earlier been revoked by a court order.

Juhayna Food Industries (JUFO) fell 1.1 percent to 3.78 pounds, the lowest level in almost two months. Egypt’s market regulator approved a proposal by the country’s biggest packaged- milk producer to reduce its capital by 20.4 million pounds to 706.1 million pounds.

To contact the reporter on this story: Ahmed A Namatalla in Cairo at

To contact the editor responsible for this story: Claudia Maedler at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.