Cairo - Mubasher: Pharos Research recommended not investing in Misr Fertilizers Production Company’s (Mopco) stock at more than EGP 40 per share.
Mopco’s stock, which was listed on the Egyptian Stock Exchange (EGX) on Wednesday, closed Thursday at EGP 36.1 per share, losing 9%.
Pharos said that the company is facing various challenges regarding fuel availability as well as an excess supply of Urea in the Egyptian Market.
