Aberdeen increases stake in Egypt's Juhayna to 5.1 pct

Juhayna is Egypt's largest producer of dairy products and juices. Its shares dropped over 7 percent this week after the company's chairman had his personal assets frozen by the government due to alleged links to the banned Muslim Brotherhood.

Aberdeen, an emerging markets-focused fund manager, said in a statement through HSBC Securities Egypt that it bought 1.407 million stocks for 11.403 million Egyptian pounds ($1.46 million) for an average price of 8.10 pounds per stock.