Egypt Stocks: El Sewedy Electric and Juhayna Food Industries

Egypt’s benchmark EGX 30 Index (EGX30) retreated for the second time in three days, losing 0.1 percent to 4,637.92 at 11:14 a.m. in Cairo.

The following shares rose or fell. Symbols are in Parentheses.

El Sewedy Electric Co. (SWDY EY) declined 1.8 percent to 27.65 Egyptian pounds. Egypt’s biggest publicly traded producer of electric cables said six-month profit fell 34 percent from a year-earlier to 352.6 million pounds ($59 million).

Juhayna Food Industries (JUFO) fell 0.8 percent to 4.86 pounds. Egypt’s biggest producer of packaged milk agreed to adjust prices paid to farmers in line with fluctuations in fodder prices, which may reduce the company’s profit margin, Al Mal reported, citing Chairman Safwan Thabet.