Overweight
Orascom Development Egypt’s sales surged 96 percent year-on-year and 187.9 percent quarter-on-quarter to LE 533.4 million in the second quarter.
Sales surged 156 percent year-on-year to LE 2.5 billion, leveled down 18.0 percent quarter-on-quarter.
Pharos Holding maintained the fair value (FV) for Juhayna Food Industries at LE 8.88, with an Overweight recommendation.