Egypt’s benchmark EGX 30 Index declined for a third day, losing 1.6 percent to 4,538.58 at the 2:30 p.m. close in Cairo. That’s the lowest level in more than a month.
The following shares rose or fell. Symbols are in parentheses.
El Nasr Clothes & Textiles (KABO EY), an Egyptian clothing manufacturer and biggest shareholder of Alexandria Spinning & Weaving, advanced as much as 1.3 percent before closing unchanged at 80 piasters. Egypt’s Ministry of Trade and Industry may levy customs duties on textile imports after receiving a complaint from the state-owned Holding Co. for Spinning & Weaving, Al Mal reported.
National Societe Generale Bank (NSGB EY) retreated 3.3 percent, the most in more than three weeks, to 28.8 pounds. Societe Generale SA, the parent company of the Cairo-based lender, plans to cut jobs at three of its units including the one in Egypt.