🔴 Egyptian Media Production City is trading 3.3% down today

Egyptian Media Production City is trading 3.3% down at $42.52 after its August 18 decline continued into the August 19 alert window.

• Parliamentary scrutiny of Information Minister Osama Heikal, criticized for simultaneously chairing the company, remains the most relevant company-related development; reporting does not explicitly link it to the decline.
• The company announced the EGP 1.1 billion Tanza entertainment project.
• First-half profit rose 48.52% year over year.