Lakah’s Stock Falls 1.75% Amid Debt Interest Settlement Offer

On Monday, Egyptian Exchange’s Over-The-Counter (OTC) trading have witnessed collective downwards after trading in 4 stocks.

This was amidst trading in 926.904 thousand securities worth EGP 1.316 million executed over 227 transactions.

Souhag National Food Industries (SNFI)’s stock has led OTC’s downwards as it dived by 4.02% to end at EGP 14.58 after trading in 20.406 thousand securities worth EGP 297.583 thousand exchanged through 54 transactions.

Arab Gulf Investment (AGIN) pushed down by 3.7% to close at EGP 0.26 after trading in 7.000 securities worth EGP 11.100 thousand exchanged through 4 transactions.

Industrial & Engineering Projects (IEEC) has topped OTC’s traded value which hit EGP 532.517 thousand exchanged distributed to 55.577 thousand securities worth through 88 transactions. IEEC’s stock dipped by 2.24% to end at EGP 9.58.

Moreover, Lakah Group (HCFI)’s stock tumbled by 1.75% to end at EGP 0.56 after trading in 843.921 thousand securities worth EGP 475.261 thousand exchanged through 81 transactions.

Rami Lakah, Chairman of Lakah group, offered North Coast-based beach chalets to National Bank of Egypt (NBE), United Bank, Al Baraka Bank Egypt, and Arab African International Bank (AAIB) in return for settling debt interest worth up to EGP 46 million.