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EGX suspends trading on Cairo Oils

EGX suspends trading on Cairo Oils
Photo Credit: Mubasher Archive
Cairo Oils & Soap
COSG
-1.41% 0.21 -0.00

Cairo - Mubasher: The Egyptian Exchange (EGX) has suspended trade on the stock of Cairo Oils and Soap, according to an official statement.

The decision will be effective in the coming session, and comes as a result of the unjustified fluctuations seen in the stock price during Sunday’s session, the statement noted.

Cairo Oils and Soap turned to losses during the first half of fiscal year 2016/2017, recording losses of EGP 628,610, against a net profit of EGP 12.55 million for H1-15/16.