Rubex Plastic Manufacturing has denied, in a statement to the stock market, that it has any undisclosed material events that may affect the stock performance.

The statement came in reply to the inquiry of the Egyptian Exchange (EGX) about the reason behind the stock jump.

According to the company, the stock jumped 19% during the period November 25- December 1, to reach EGP 10.48.

Rubex said that P/E ratio reached 14.35x in 2011, 35x in 2013 and 33.80x on December 1, 2014, while there was no P/E ratio for 2012.

The stock climbed to its highest level in 13 months, as it rose more than 29% from EGP 8.78 on November 18 to reach EGP 10.48 on Tuesday December 2.

The stock is trading at EGP 9.81 with a drop by 6.4%, amid limited trading.

The company announced earlier that nine-month period fell to EGP 180.3 thousand.