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Thursday, 27 July 2017

MIDEAST STOCKS-Juhayna profit fall pulls down Egypt; Gulf mixed

MIDEAST STOCKS-Juhayna profit fall pulls down Egypt; Gulf mixed:

"A slide in shares of Egypt's Juhayna Food Industries after it reported second-quarter earnings pulled down Egypt's stock market on Thursday, while Gulf bourses were mixed.

Egypt's blue-chip index dropped 1.4 percent as Juhayna sank 4.2 percent after saying consolidated net profit attributable to shareholders fell to 27.2 million Egyptian pounds ($1.5 million) from 29.8 million pounds a year earlier.

A couple of other blue chips also retreated significantly: Commercial International Bank lost 1.9 percent and Global Telecom slipped 3.0 percent."



'via Blog this'