ICEC

EOSB raises Margin Buying Financing Value to L.E10m

El-Orouba Securities Brokerage (EOSB) has decided to raise the value of financing the margin buying from L.E7.5 million to L.E10 million over the increase in the amounts of margin buying transactions.

The company has achieved net loss of L.E4.796 million during the fiscal year that ended on Dec 31, 2011, compared to net profit of L.E83.728 during the fiscal year of 2010.

The company’s issued capital amounted to L.E24.5 million, distributed in 24.5 million stocks in which the par value for each stock costs 1 Egyptian Pound.

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