Egypt Stocks: El Nasr Clothes & Textiles and National Societe
The following shares rose or fell. Symbols are in parentheses.
El Nasr Clothes & Textiles (KABO) , 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 (GLE) SA, the parent company of the Cairo-based lender, plans to cut jobs at three of its units including the one in Egypt.
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