Cairo – Mubasher: United Company for Housing and Development said it plans to buy 1.5 million treasury stocks worth EGP11.25 million at EGP7.5 each.

The buying back move aims to support the company’s stock market price, said the company.

In the same vein, the Egyptian Exchange said it will open the OPR market for five days starting from 27 October until 2 November in order to register the selling orders.

United Company for Housing reported net profits of EGP 48.2 million for the first half of 2016, up by 195% y-o-y.