Cairo - Mubasher: Prime Research set the fair value (FV) of AL Ezz Dekhela Steel at EGP 385 per share, with a strong ‘Buy’ recommendation.
Prime said in its report on Sunday that the company say an improvement in its sales volume during the third quarter of 2016, which helped in turning the company to profits.
AL Ezz Dekhela reported profits of nearly EGP 282.7 million in Q3-16 against losses of EGP 169.6 million in Q3-15.
The company’s stock gained 7.10% by the end of Sunday’s trading session, closing at EGP 203.99.
