Cairo – Mubasher: Ezz Steel’s stock trimmed its gains after the Cairo Criminal Court postponed the trial of businessman Ahmed Ezz and former head of the Industrial Development Authority (IDA) Amr Assal to 5 July in the case known as the “steel licences”.
By 1:45 pm Cairo time, the Egyptian steel company’s stock was up 1.3% to EGP 20.03, while turnover on the stock reached EGP 41 million after 2.04 million shares were traded through 632 transactions.
On the other hand, Ezz El Dekheila’s stock dropped 3.9% to EGP 470 after 81 shares were exchanged at a turnover of EGP 38,100 through seven transactions.
The Cairo Criminal Court had previously adjourned the trial against Ezz and Assal, who were accused of embezzlement of EGP 660 million, to 8 May, in preparation of concluding a reconciliation.
