All
 

 

Just in:  

You are here: Home»Markets»Equity»Middle East & Africa»Egypt's Ezz Steel falls 10pc after statement

 CAIRO: Ezz Steel, whose shares tumbled last week after a court jailed its former chairman and ordered two licences be withdrawn, fell 10 percent after the firm issued a statement about the ruling's impact on the Egyptian firm.

The shares were suspended after the fall of 10 percent, according to stock market rules.

In a statement made earlier on Sunday, Ezz Steel said it was considering legal options to confront any impact from the ruling. It also said it was reviewing future investments that had yet to be executed and which could be subject to a temporary freeze.

 

Copyright Reuters, 2011

 


 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln