EGX sets Kafr el Zayat Pesticides' stock limit down
Updated 4/22/2021 3:05:00 PM
ArabFinance: The Egyptian Exchange (EGX) set the limit down of Kafr el Zayat Pesticides and Chemicals Company (KZPC) at 18.06%, according to the EGX disclosure.
The circuit breaker of the company’s stock is also set at a limit down level of 13.51%, the EGX disclosure added.
The stocks’ price movement limits will be effective as of the closing session of the ex-dividend date on April 22nd.
The EGX’s decision came after the company’s announcement of distributing cash dividends of EGP 2.50 per share on April 27th.
In 2020, the company achieved a consolidated net profit of EGP 27.29 million.
Kafr el Zayat is an Egypt-based company that produces and sells formulations, such as pesticides, insecticides, fungicides, herbicides, rodenticides, and fertilizers to the agricultural and hygienic sectors in Egypt.
The company’s subsidiaries include Kafr el Zayat International for Pesticides and Chemicals, Organic Biotechnology company, and Chemi Company.
