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Ezz Steel shares notably rose
MAHMOUD ASKAR BISHOY RAMZY REYAD Published in Youm7 on 20 - 09 - 2011

Ezz Steel's shares increased notably on Tuesday after it was negatively affected by the judicial rule against the chairman of the company, Ahmed Ezz, two days ago.
The price of shares reached 7.01 EGP (U.S. $1.18) after it was 6.77 EGP (U.S. $1.13), achieving a 3.5 percent rise. Analyses show the increasing demand of shares yesterday led to the increase today.
Ezz steel's shares witnessed a sharp decline in the past three days due to the increasing sales following the judicial rule against Ahmed Ezz. He is sentenced to three years in prison in the case of steel licenses.

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