Cairo – Mubasher: Eastern Co’s stock added 1.84% on Thursday on the Egyptian Exchange (EGX) after Egypt's monopoly cigarette maker denies reports about a potential price increase in its products.

The Egyptian tobacco company​ stated that if it ever decided to up the prices, it will notify the Egyptian Exchange (EGX), according to a bourse statement.

By 12 pm, Cairo time, the stock rose to AED 174, while the benchmark EGX30 index lost 1.03% to 16,142 points.

Since the opening of Thursday's session, most of the blue chips have declined.