Egypt Bourse Halts Trading in 11 Stocks After Leap

By Yomna Yasser On Nov 3, 2013

The Egyptian Exchange (EGX)’s management has suspended on Sunday the trading for half an hour on 11 EGX-listed firms after shares exceeded the daily rise limit of 5%.

The 11 EGX-listed firms, in which trading has been suspended, are North Cairo Flour Mills and Bakeries (MILS.CA), Export Development Bank of Egypt – EDBE (EXPA.CA), South Cairo & Giza Flour Mills and Bakeries (SCFM.CA), Gharbia Islamic Housing Development (GIHD.CA), Middle Egypt Flour Mills (CEFM), Egyptian for Developing Building Materials (LIFT SLAB MISR) (EDBM.CA), Marsa Alam For Tourism Development (MMAT.CA), Ismailia Misr Poultry (ISMA.CA), Orascom Development Holding AG (ODH) (ODHN.CA), Misr Hotels (MHOT.CA), and Arabia Investments, Development, Fin. Inv. Holding Comp. (AIND.CA).