Egyptian company dealing suspended

Egypt's stock market administration suspended deals on the stocks of Marsa Alam Mooring company, on Tuesday, after the company failed to submit required reports on its activity. The company announced earlier that the profitability multiplier of its stocks - since the beginning of the dealings on December 6 2012 until the last dealing on December 25 2012 - has increased from 50.24% to 88.33%. The stock market administration received reports that there are some "undeclared" developments in the activity of the company that caused such a significant increase. The administration asked the company to respond to these reports, but there has been no reply.