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Egyptian Stocks: Orascom Construction, Talaat Moustafa Decline

Mahmoud Kassem Bloomberg
Egyptian Stocks: Orascom Construction, Talaat Moustafa Decline - Egypt - Real Estate - Stock


Egypt’s benchmark EGX30 Index fell for the second day, decreasing 78.85, or 1.6 percent, to 4,953.53 at the close in Cairo



Orascom Construction Industries (OCIC EY) decreased for the second day, falling 2.89 Egyptian pounds, or 1.9 percent, to 150.13 pounds. Egypt will cut its fertilizer price by 100 Egyptian pounds ($17.7) a ton for a new product to help local farmers improve crop quality, Al Ahram reported today, citing Egyptian Agriculture Minister Amin Abaza.
 

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