Friday 9 March 2012

Egypt stock market suffers a blow - The National

Egypt's stock market declined yesterday after disappointing news in the food and automotive industries shook investor confidence.


Juhayna Food Industries declined 1.9 per cent to 4.62 Egyptian pounds a share after the country's biggest dairy producer said annual profits dropped 18 per cent to 185.9 million pounds.


The company proposed a cash dividend of 0.15 pounds for every share to shareholders.

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