25-10-2016 10:32 via news.yahoo.com

BUZZ-Egypt's Juhayna jumps as it outlines plan to reduce imports

** Shares in Juhayna Food surge 6.4 percent to 3.99 Egyptian pounds ** Company said total investment likely to reach 500 million Egyptian pounds ($56.3 million) by year-end as it seeks to reduce import activity due to country's U.S. dollar shortage, pound devaluation ** To rely on local raw materials and animal fodder to reduce imports, while focusing on completing all current projects and deferring start of any new projects ** Stock price has been trading near four-year lows ** Broad Egypt stoc
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