Cairo – Mubasher: The Egyptian Exchange (EGX) on Thursday has decided to suspend trading on Emaar Misr’s stock.

The decision becomes effective as of 11 April until receiving a release from the company, according to EGX’s statement.

It is worth noting that Emaar Misr, a subsidiary of UAE-based Emaar Properties, reported a 48.6% year-on-year growth in consolidated profits for the fiscal year 2018, recording EGP 3.4 billion.