Cairo – Mubasher: The Egyptian Exchange (EGX) on Wednesday announced suspending trades on Egyptian Iron and Steel’s (HADISOLB) stock until the board discloses its decisions for the meeting held Tuesday.

On Tuesday, HADISOLB’s board convened to discuss the company’s financial results for the period ended 30 June 2017.

The iron and steel company last reported narrowing its losses by 7.5% in the nine-month period ended 31 March 2017 to EGP 441.7 million from EGP 477.6 million in the year-ago period.

HADISOLB’s stock closed Tuesday down 1.44% to EGP 4.11 after a turnover of EGP 4.6 million.