The competition on the National Company for the Maize Products was intensified after Egypt Kuwait Holding Company submitted a fourth acquisition offer through one of its subsidiaries. The Egyptian Transport and Commercial Services Company index rose to 9.89% to close at EGP 8.78 at a ratio of 25.2% over the week. The index of the Global Telecom Holding Company fell by 3.78% to close at EGP 6.88. Misr Oil & Soap rose by 5% during last Tuesday’s trading, recording EGP 14.16 before falling to 3% during last Thursday’s approvals. The company’s board of directors supported the stock exchange through buying 1 million treasury shares at EGP 15.3 after a series of significant declines recently.

Source: Daily News Egypt May 13, 2017 15:56 UTC